General information about company | |
| Name of The Company | PARAMOUNT COMMUNICATIONS LIMITED |
| BSE Scrip Code | 530555 |
| NSE Symbol | PARACABLES |
| MSE Symbol | NOTLISTED |
| Date of Start of Financial Year | 01-04-2023 |
| Date of End of Financial Year | 31-03-2024 |
| Reporting Period | First half yearly |
| Date of Start of Reporting Period | 01-04-2023 |
| Date of End of Reporting Period | 30-09-2023 |
| Level of rounding to be used in disclosing related party transactions | Lakhs |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA | ||
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA | ||
| (III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)? | No | ||
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |||
| (b) If answer to above question is No, please explain the reason for not complying. | |||
Related party transactions | ||||||||||||||||||||||
| Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||
| Sr No. | Details of the party (listed entity /subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | |||||||
| 1 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VALENS TECHNOLOGIES PRIVATE LIMITED | AAECV9344B | Other Related Party | Any other transaction | Lease Rent Paid | 20 | Approved | 2.5 | 0 | 0 | Textual Information(1) | |||||||||
| 2 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VALENS TECHNOLOGIES PRIVATE LIMITED | AAECV9344B | Other Related Party | Any other transaction | Lease Rent Received | 16 | Approved | 14.08 | 0 | 0 | Textual Information(2) | |||||||||
| 3 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VALENS TECHNOLOGIES PRIVATE LIMITED | AAECV9344B | Wholly Owned Subsidiary | Any other transaction | Lease Rental Receievd | 45 | Approved | 5.03 | 0 | 0 | Textual Information(3) | |||||||||
| 4 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VALENS TECHNOLOGIES PRIVATE LIMITED | AAECV9344B | Other Related Party | Sale of goods or services | 2500 | Approved | 606.68 | 0 | 467.55 | Textual Information(4) | ||||||||||
| 5 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VALENS TECHNOLOGIES PRIVATE LIMITED | AAECV9344B | Other Related Party | Purchase of goods or services | 1000 | Approved | 27.94 | 0 | 0 | Textual Information(5) | ||||||||||
| 6 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VALENS TECHNOLOGIES PRIVATE LIMITED | AAECV9344B | Wholly Owned Subsidiary | Loan | 2000 | Approved | 420 | 0 | 420 | Loan | 0.09 | Repayable on Demand | Unsecured | Working Capital | Textual Information(6) | |||||
| 7 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VALENS TECHNOLOGIES PRIVATE LIMITED | AAECV9344B | Wholly Owned Subsidiary | Interest received | 180 | Approved | 1.53 | 0 | 0 | Textual Information(7) | ||||||||||
| 8 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | S S AGGARWAL HUF | AAAHS5637K | Other Related Party | Any other transaction | Rent Paid | 10 | Approved | 1 | 0 | 0 | Textual Information(8) | |||||||||
| 9 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | S S AGGARWAL HUF | AAAHS5637K | Other Related Party | Any other transaction | Purchase of Land and Building | 3000 | Approved | 2200.5 | 0 | 0 | Textual Information(9) | |||||||||
| 10 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | SANJAY AGGARWAL | AACPA7574P | Key Management Personnel of the Company | Any other transaction | Short Term Employee Benefit | 0 | NA | 86.15 | 0 | 0 | Textual Information(10) | |||||||||
| 11 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | SANJAY AGGARWAL | AACPA7574P | Key Management Personnel of the Company | Any other transaction | Post Employment Benefit | 0 | NA | 3.61 | 0 | 0 | Textual Information(11) | |||||||||
| 12 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | SANDEEP AGGARWAL | AACPA7575N | Key Management Personnel of the Company | Any other transaction | Short Term Employee Benefit | 0 | NA | 88.5 | 0 | 0 | Textual Information(12) | |||||||||
| 13 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | SANDEEP AGGARWAL | AACPA7575N | Key Management Personnel of the Company | Any other transaction | Post Employment Benefit | 0 | NA | 3.61 | 0 | 0 | Textual Information(13) | |||||||||
| 14 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | SHAMBHU KUMAR AGARWAL | ACEPA9332M | Key Management Personnel of the Company | Any other transaction | Short Term Employee Benefit | 0 | NA | 20.41 | 0 | 0 | Textual Information(14) | |||||||||
| 15 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | SHAMBHU KUMAR AGARWAL | ACEPA9332M | Key Management Personnel of the Company | Any other transaction | Post Employment Benefit | 0 | NA | 0.65 | 0 | 0 | Textual Information(15) | |||||||||
| 16 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | RASHI GOEL | AUTPA8137H | Key Management Personnel of the Company | Any other transaction | Short Term Employee Benefit | 0 | NA | 8.55 | 0 | 0 | Textual Information(16) | |||||||||
| 17 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | RASHI GOEL | AUTPA8137H | Key Management Personnel of the Company | Any other transaction | Post Employment Benefit | 0 | NA | 0.18 | 0 | 0 | Textual Information(17) | |||||||||
| 18 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VIJAY MAHESHWARI | AFGPM1014B | Key Management Personnel of the Company | Any other transaction | Sitting Fees | 0 | NA | 8 | 0 | 0 | Textual Information(18) | |||||||||
| 19 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | VIJAY BHUSHAN | AALPB8325J | Key Management Personnel of the Company | Any other transaction | Sitting Fees | 0 | NA | 7 | 0 | 0 | Textual Information(19) | |||||||||
| 20 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | MALINI GUPTA | AAJPG2191D | Key Management Personnel of the Company | Any other transaction | Sitting fees | 0 | NA | 7 | 0 | 0 | Textual Information(20) | |||||||||
| 21 | PARAMOUNT COMMUNICATIONS LIMITED | AAACP0969Q | PRAVEENA KALA | AAGPK3924K | Key Management Personnel of the Company | Any other transaction | Sitting Fees | 0 | NA | 7 | 0 | 0 | Textual Information(21) | |||||||||
| Total value of transaction during the reporting period | 3519.92 | |||||||||||||||||||||
Text Block | ||
| Textual Information(1) | Valens Technologies Private Limited was become wholly owned subsidiary of the Company with effect from 31.08.2023 | |
| Textual Information(2) | Valens Technologies Private Limited was become wholly owned subsidiary of the Company with effect from 31.08.2023 | |
| Textual Information(3) | Valens Technologies Private Limited was become wholly owned subsidiary of the Company with effect from 31.08.2023 | |
| Textual Information(4) | Valens Technologies Private Limited was become wholly owned subsidiary of the Company with effect from 31.08.2023 | |
| Textual Information(5) | Valens Technologies Private Limited was become wholly owned subsidiary of the Company with effect from 31.08.2023 | |
| Textual Information(6) | Valens Technologies Private Limited was become wholly owned subsidiary of the Company with effect from 31.08.2023 | |
| Textual Information(7) | Interest on Unsecured Loan Given | |
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| Textual Information(9) | Purchase of Land and Building as per Agreement to sell dated June 01, 2023 | |
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