Paramount Communications has informed that during the quarter ended September 30, 2023, there is no deviation or variation in the use of funds raised through Issue of Warrants convertible into Equity Shares, issued on preferential basis from the Objects as stated in the Explanatory Statement to the Notice of Extra Ordinary General Meeting of the Company dated December 14, 2022. Accordingly, a Nil Statement of Deviation or variation, duly reviewed by the Audit Committee of the Company, for the quarter ended September 30, 2023 is enclosed as ‘Annexure-l’. This will also be hosted on Company’s website at www.paramountcables.com.
The above information is a part of company’s filings submitted to BSE.
