Appointment of Secretarial Auditor of the Company for FY 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paramount Cosmetics India Ltd held its Board meeting on May 8, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The statutory auditors, M/s Sharma & Pagaria, issued an unmodified (clean) opinion. Key concerns include significant revenue decline from Rs 2,139.47 lakhs to Rs 597.86 lakhs (approx 72% drop) and major inventory write-offs totaling Rs 415.82 lakhs for the year due to spoilage, expiry, and physical damage. The company also disclosed a related party transaction where it leased its factory to Paramount Kum Kum Private Limited with reduced rental from Rs 7.20 lakhs to Rs 75,000 per month. The Board re-appointed M/s Brajesh Gupta & Co. as Secretarial Auditor and Mr. Venkatesh P A as Internal Auditor for FY 2026-27.
The substantial revenue decline and large inventory write-offs signal operational challenges, though the clean audit opinion provides some comfort. The reduced lease income from the related party and possible factory sale plans add to uncertainty about the company's future business model.