Paramount Cables allots 2.02 crore shares on preferential basis
The company in an exchange filing said the equity shares of the company are listed and admitted to dealings on the exchange from May 22, 2024.
Paramount Cables has issued 2.0274 crore equity shares with a face value of Rs 2 on a preferential basis at a premium of Rs 64.50. The company in an exchange filing said the equity shares of the company are listed and admitted to dealings on the exchange from May 22, 2024.
"Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform that the Company has received Trading approval from BSE vide letter No. LOD / PREF / SV / 378/ 2024-2025 dated 22" May, 2024 and NSE vide letter No. NSE/LIST/ 41643 dated on 21st May, 2024 for 2,02,74,980 Equity shares of Rs. 2/- each issued at premium of Rs. 64.50/- bearing distinctive numbers from 281309891 to 301584870 issued to non-promoters on a preferential basis," the company said in an exchange filing.
Earlier, the wires manufacturer reported a 54 per cent rise in its consolidated net profit at Rs 22.03 crore in the December quarter of the current fiscal, boosted by higher income.
It had posted a net profit of Rs 14.32 crore during the October-December quarter in the preceding financial year, the company said in an exchange filing on Saturday. The company's total income rose to Rs 285.83 crore, up 29 per cent from Rs 221.99 crore in the year-ago period.
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