Paramount Communications Limited has formally announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key management personnel. The resignation comes as part of personal circumstances affecting the departing executive.

Resignation Details and Timeline

Mr. Nitin Gupta has tendered his resignation from the position of Company Secretary and Compliance Officer due to personal reasons. The company has accepted his resignation with effect from the closing hours of March 31, 2026.

Regulatory Compliance and Documentation

The company has fulfilled its regulatory obligations by informing both major stock exchanges about this key personnel change. The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III thereof.

The formal communication was addressed to:

• BSE Limited at P.J. Towers, Dalal Street, Mumbai
• National Stock Exchange of India Limited at Exchange Plaza, Bandra-Kurla Complex

Management Response and Transition

Shambhu Kumar Agarwal, Chief Financial Officer of Paramount Communications Limited, signed the official communication to the stock exchanges. The documentation includes comprehensive details as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

In his resignation letter, Mr. Gupta expressed gratitude to all Board members for their cooperation during his tenure as Company Secretary and Compliance Officer. The resignation represents a formal conclusion to his responsibilities in ensuring regulatory compliance and corporate governance matters for the company.

Corporate Governance Impact

The departure of a Company Secretary and Compliance Officer represents a significant change in corporate governance structure, as this role is crucial for ensuring adherence to regulatory requirements and maintaining proper corporate procedures. The position carries responsibility for compliance with various statutory and regulatory obligations under Indian corporate law.

Paramount Communications has announced that its key promoters have increased their stake in the company through open market purchases executed on March 23, 2026. The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and insider trading norms.

Promoter Share Acquisitions

Two promoter-directors of the company made separate equity share purchases through the National Stock Exchange. The acquisitions demonstrate continued confidence in the company's prospects by its leadership team.

Shareholding Structure

The promoter group's overall stake in Paramount Communications remains unchanged at 49.18% despite the additional purchases. The group includes multiple entities and individuals acting in concert, comprising the Aggarwal family members, their Hindu Undivided Families (HUFs), and related companies including Paramount Telecables Limited and Hertz Electricals (International) Private Limited.

Regulatory Compliance

The transactions were disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Company Secretary and Compliance Officer Nitin Gupta submitted the required disclosures to both BSE Limited and National Stock Exchange of India Limited on March 25, 2026.

Transaction Details

Both promoters executed their share purchases through open market transactions on the same date, with the trades being conducted on the National Stock Exchange. The acquisitions represent a minimal percentage increase in their individual holdings, with Sanjay Aggarwal's purchase constituting 0.002% and Sandeep Aggarwal's acquisition representing 0.007% of the total share capital.

The disclosed transaction values exclude taxes, brokerage, and other charges as per standard regulatory reporting requirements. The company confirmed that no derivatives trading was undertaken by the promoters in connection with these transactions.