Paramount Communications Limited secured shareholder approval for the preferential issuance of equity shares and unlisted convertible warrants at its Extraordinary General Meeting (EGM) held on June 06, 2026. The meeting, conducted via video conferencing, saw the passage of both special resolutions with a majority of 99.98% of the valid votes cast. This capital raise is intended to support the company's growth objectives, with the issuance targeting specific institutional investors.

The EGM commenced at 12:30 P.M. IST and concluded at 12:55 p.m. with the requisite quorum present. Mr. Sanjay Aggarwal, Chairman & CEO, chaired the proceedings, which were held in compliance with the Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) circulars. The notice for the meeting, dated May 13, 2026, included a corrigendum dated June 01, 2026, incorporating observations from the National Stock Exchange of India Limited (NSE) and revising the explanatory statement pursuant to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Voting Results

Mr. Abhishek Mittal, Practicing Company Secretaries, was appointed as the Scrutinizer to oversee the e-voting process. Remote e-voting was facilitated by MUFG Intime India Private Limited from June 03, 2026, to June 05, 2026. A total of 98 members attended the meeting, comprising 16 from the Promoter and Promoter Group and 82 from the Public, out of 1,36,173 members registered as of the cut-off date of May 30, 2026.

The detailed voting results indicated strong support from public shareholders. For the resolution regarding the issuance of equity shares, 99.98% of valid votes were in favour, with 36,078 votes against. The resolution for unlisted convertible warrants also passed with 99.78% of valid votes in favour, where promoter votes were treated as invalid due to their interest in the resolution.

Shareholding Pattern

The preferential issue will alter the company's shareholding structure. Post-issue, the Promoter Holding is expected to decrease to 47.01%, while Non Promoters' Holding will increase to 52.99%.

Paramount Communications has confirmed that its promoters have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. The disclosure, submitted to BSE Limited and The National Stock Exchange of India Ltd, complies with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This confirmation assures investors that the promoters' equity remains unpledged for the reported period.

The filing was made on April 03, 2026, by Shambhu Kumar Agarwal, Chief Financial Officer of Paramount Communications. The document serves as a formal declaration required by market regulators to maintain transparency regarding the holdings of those controlling the company.

In a separate declaration attached to the filing, Sanjay Aggarwal, a Promoter of the company, explicitly stated that neither he nor persons acting in concert had made any encumbrance over the shares held by them. This confirmation covers both direct and indirect holdings throughout FY26.

The following table outlines the key details of the regulatory disclosure:

The declaration was signed by Sanjay Aggarwal, bearing his Director Identification Number (DIN) 00001788. The disclosure has been recorded by the stock exchanges as part of the company's compliance requirements.