ANNUAL REPORT OF 40TH AGM FOR THE FY 2023-2024
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Paramount Cosmetics India filed its 40th Annual Report for FY 2024-25 along with the 40th AGM notice scheduled for September 30, 2025 via video conferencing. Revenue declined about 9.5% to Rs. 2,161.02 lakhs from Rs. 2,389.13 lakhs in the previous year, mainly due to lower sales. Despite the revenue dip, net profit rose to Rs. 3.00 lakhs from Rs. 2.14 lakhs, helped by lower depreciation and interest costs. The board has skipped dividend to conserve cash. The notice seeks shareholder approval to re-appoint Managing Director Hiitesh Topiwaala for another 5-year term from April 2026 to March 2031, and a new Independent Director Mukesh Kumar Tyagi joined the board in May 2024. Paid-up equity capital stands at Rs. 485.50 lakhs.
For retail investors, the company remains a very small, thinly-traded cosmetics maker with marginal profits and shrinking sales, signalling weak demand. Skipping dividend even with profit growth suggests cash conservation needs outweigh shareholder returns, limiting near-term appeal.