Appointment of Secretarial Auditor for the Financial Year 2025-26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Paramount Cosmetics announced the outcome of its board meeting held on May 29, 2025. The board approved the audited financial results for Q4 and full year ended March 31, 2025, along with the statutory auditor's report carrying an unmodified (clean) opinion from M/s. Sharma & Pagaria. The board also re-appointed M/s. Brajesh Gupta & Co. as Secretarial Auditor and Mr. Venkatesh P A (Chartered Accountant) as Internal Auditor for FY 2025-26, both on the recommendation of the Audit Committee. The FY25 results show revenue from operations of around Rs. 597.86 lakhs in Q4 FY25 versus Rs. 2,180.62 lakhs in Q3 FY25, indicating a steep sequential decline. Full-year EPS came in at Rs. 0.04 versus Rs. 0.06 in FY24, while Q4 FY25 slipped into a loss with EPS of (Rs. 0.15). The balance sheet shows total equity of Rs. 1,589 lakhs as of March 31, 2025.
The re-appointments of auditors are routine and neutral for shareholders. However, the FY25 numbers are weak — a clear revenue contraction, a Q4 loss, and a decline in full-year EPS suggest the company faced demand or margin pressure in the cosmetics business. Cash flow from operations also appears negative, which is a concern for investors monitoring liquidity.