Paramount Communications Limited announced that it has issued 29,000,000 equity share warrants at a price of INR 3.875 for the gross proceeds of INR 112.375 million and 10,975,925 equity share warrants at a price of INR 5.3925 for the gross proceeds of INR 59.187676 million for the total gross proceeds of INR 171.562676 million on June 5, 2023. The transaction will include participation from returning investors, April Investment and Finance Private Limited for 29,000,000 warrants, Vidya Metal Manufacturing Company Private Limited for 1,500,000 warrants, Nav Capital VCC- Nav Capital Emerging Star Fund, a fund managed by, Turning Leaf Asset Management Pte. Ltd. for 1,000,000 warrants, Goldrush Capital Services Pvt.

Ltd. for 1,00,000 warrants, new investors, Aditya Kumar Halwasiya for 3,000,000 warrants, Anoop Jain (HUF) for 1,000,000 warrants, Deepika Gupta for 1,000,000 warrants, Jitendra Rasiklal Sanghavi for 925,925 warrants, Anoop Jain for 500,00 warrants, Real & Sons for 500,00 warrants, Sharad Goel for 350,000 warrants. The 2,90,00,000 warrants will be exercisable at a price of INR 11.625 and 1,09,75,925 warrants will be exercisable at a price of INR 16.1775. The transaction has been approved by the shareholders of the company.