As mentioned Outcome of01st BM
Price
▲ 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 the audited financial results for Q4 and the year ended March 31, 2026. The statutory auditors issued an unmodified (clean) opinion on the financial statements. Key highlights include: Total Income of Rs. 2,250.47 lakhs for FY2026 vs Rs. 2,161.02 lakhs in FY2025, showing modest revenue growth. However, Profit After Tax declined to approximately Rs. 26.90 lakhs from Rs. 34.27 lakhs in the previous year. The company wrote off inventory worth Rs. 415.82 lakhs during FY2026 (Rs. 126.82 lakhs in Q4 alone) due to spoilage, expiry, and damage. A related party transaction was disclosed where the company leased its factory premises to Paramount Kum Kum Private Limited at a reduced rental of Rs. 75,000 per month (down from Rs. 7,20,000), citing changes in utilization and proposed sale of premises. The Board also re-appointed Brajesh Gupta & Co. as Secretarial Auditor and Mr. Venkatesh P A as Internal Auditor for FY2026-27.
The PAT decline and significant inventory write-offs signal operational challenges, though the clean audit opinion provides some comfort. The related party lease arrangement at reduced terms may raise questions about arm's length dealings. Shareholders should monitor if the inventory issues are one-time events or reflect deeper operational problems.