PARACABLES2023-04-012023-06-30 PARACABLES2023-04-012023-06-30in-bse-fin:OneOperatingExpenses01Member PARACABLES2023-06-30 PARACABLES2023-04-012023-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530555 PARACABLES NOTLISTED Paramount Communications Limited Equity 2023-04-01 2024-03-31 2023-08-10 2023-08-03 INR Lakhs First quarter 14:30:00 16:15:00 2023-08-10 2023-08-10 Not applicable Single segment Manufacturing of Wires and Cables 2023-04-01 2023-06-30 Unaudited Consolidated 2105444000.00 17270000.00 2122714000.00 1566846000.00 0.00 -10570000.00 59746000.00 18019000.00 21748000.00 321585000.00 1977374000.00 145340000.00 0.00 145340000.00 0.00 0.00 0.00 0.00 145340000.00 0.00 0.00 0.00 0.00 145340000.00 887000.00 146227000.00 0.00 0.00 468320000.00 2 0.72 0.72 0.00 0.00 0.72 0.72 Notes: 1. The aforesaid Financial Results were placed before and reviewed by the Audit Committee at its meeting held on 10.08.2023 and approved by the Board of Directors at its meeting held on the same date. 2. The Statutory Auditors have carried out Limited Review of the financial results of the Company for the quarter ended 30.06.2023 under Regulation 33 of the SEBI (LODR) Regulations, 2015. The Statutory Auditors have expressed an unmodified opinion on these results. 3. These consolidated financial results have been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. The consolidated financial results of the Company and its subsidiaries have been prepared as per Ind AS 110 “ Consolidated Financial Statements” as notified by MCA. The Company has following subsidiaries:- (1) Paramount Holdings Limited (2) AEI Power cables Limited. The above subsidiaries are non- functional and there is no revenue/income/loss relating to the above subsidiaries. Further, the Company has no Joint Venture & Associates. 4. These financial results have been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 5. a) During the quarter, the Company has allotted 1,09,75,925 equity shares of Rs. 2/- each to non- promoters and 2,90,00,000 equity shares to promoter entity on 5th June, 2023 on receipt of balance money upon exercise of option for conversion of equity share warrants. Consequent upon the allotment of shares as mentioned above, the paid up equity share capital of the company has increased from 19,41,83,965 equity shares to 23,41,59,890 equity shares. The remaining equity warrants shall be converted within the specified time limit as per SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2018. b) The details of utilization of proceeds along with unutilized amount as at 30th June, 2023 is summarized as below: Description Amount (Rs in lakhs) Total funds raised for preferential issue till 30th June, 2023 5140.41 Less: Utilization till 30th June, 2023 4432.85 Income earned on un-utilized amount 7.87 Un-utilized amount* 715.43 * The amount has been parked in Mutual Fund and utilization account with scheduled bank. The funds raised were utilized for the purpose for which they were raised and there is no deviation in utilization of issue proceeds. 6. The Code on Social Security, 2020 ('the Code') has been approved by the Parliament which inter- alia deals with employee benefits during employment and post- employment. The Code has been published in the Gazette of India on September 29, 2020. The effective date of the Code and rules thereunder are yet to be notified. In view of this, the impact of the change, if any, on the Company will be assessed and recognised post notification of the relevant provisions. 7. There are no separate reportable segments as per the Indian Accounting Standard (Ind AS- 108) on segment reporting. 8. The figures of the quarter ended March 31, 2023 are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year to date figures upto third quarter of the respective financial year which were subject to limited review by the auditor. 9. The figures of the previous year/ periods have been regrouped/ rearranged wherever considered necessary to facilitate comparison. Others 321585000.00 Items that will not be reclassified to profit or loss 887000.00 887000.00 0.00 0.00