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Paramount Communications Ltd. Company History and Annual Growth Details

Paramount Communications Ltd. (PCL) was setup in 1978 as a partnership concern under the name and style of Paramount Cable Corporation. Subsequently, the firm was recognised as a Joint Stock Company with the meaning of Section 566 of the Companies Act, 1956 vide Memorandum and Articles of Association entered on 16th June, 1994 between the partners
and was registered as a public limited company under the Part IX of the Companies Act 1956 w.e.f. September 5, 1994. Sh. Shyam Sunder Aggarwal, Sh. Sanjay Aggarwal and Sh. Sandeep Aggarwal were appointed as first directors of the Company.

2001 - Issue and allot 12,00,000 shares of the company at a total price of Rs 58 per equity
share at a face value Rs 10 determined in accordance with SEBI guidelines 2000.

2003 - Delisting of shares from Delhi, Ahmedabad, Calcutta and Jaipur Stock Exchanges.

- Paramount Communications Ltd has announced on September 03, 2007, the acquisition of the business of AEI Cables in an all cash deal. AEI Cables has a turnover of approximately GBP 65 million (INR 533 crores).

- The Company has splits its face value from Rs.10/- to Rs.2/-.