Paramount Communications: Board Meeting Outcome for Outcome Of The Board Meeting

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation 2015 (Listing Regulations) this is to inform you that Board at its meeting held on today i.e. December 14 2022 has approved and taken on record the following:1. To increase the authorized share capital of the company from Rs. 60 00 00 000 (Rupees Sixty Crores only) divided into 25 00 00 000 equity shares of Rs. 2/- each and 10 00 000 Redeemable Preference Shares of Rs. 100/- each to Rs. 70 00 00 000 (Rupees Seventy Crores only) divided into 30 00 00 000 equity shares of Rs. 2/- each and 10 00 000 Redeemable Preference Shares of Rs. 100/- each2. To issue and allot subject to the approval of the shareholders of the Company a maximum of upto 6 25 00 000 equity warrants (Equity Warrants) of the Company convertible into equivalent number of equity shares of face value Rs. 2/- each to the persons / entities who does not belong to the Promoter and Promoter Group of the Company