Paramount Communications Addresses Delay in EGM Proceedings Submission

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26 Aug, 2025 12:21

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Paramount Communications Limited has clarified a delay in submitting the proceedings of its Extra Ordinary General Meeting (EGM) held on August 18, 2025. The clarification was issued on August 21, 2025, to the BSE Limited.

The company acknowledged an approximate 8-hour delay in submitting the EGM proceedings and clarified that the delay was unintentional. The company reaffirmed that no unpublished material information was part of the proceedings.

The company requested the Exchange to consider the non-compliance as a one-time default, emphasizing its commitment to compliance.

The EGM, conducted via video conference, addressed several key items, including raising funds through the issuance of eligible securities and the appointment of Mr. Sanjay Kumar Srivastava and Mrs. Anjali Verma as Non-Executive Independent Directors.

The meeting commenced at 3:00 P.M. on August 18, 2025, with 106 members in attendance via video conference. Promoter and Promoter Group attendance was 16, while Public attendance was 90.

Mr. Nitin Gupta, Company Secretary and Compliance Officer, welcomed the attendees. Mr. Sanjay Aggarwal, Chairman of the Company, chaired the proceedings.

Key agenda items discussed and approved during the EGM included:

1. Raising funds through the issuance of securities, including convertible debentures and bonds.

1. Issuing warrants convertible into equity shares to an entity belonging to the promoter group on a preferential basis.

1. Appointing Mr. Sanjay Kumar Srivastava (DIN: 01658754) as Non-Executive Independent Director.

1. Appointing Mrs. Anjali Verma (DIN: 01165310) as Non-Executive Independent Director.

The meeting concluded at 3:15 p.m., with a vote of thanks from the Chairman and Company Secretary.

Nitin Gupta
Company Secretary & Compliance Officer