Board approves hike in authorized share capital to Rs 39 crore

Corporate Actions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.7%Reaction day

₹37.99

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-2.5% vs market

Personal Care peers, median of 13sector-0.1%-2.7% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 2.7 pts less than its Personal Care peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

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Reaction day

-2.7-0.3-2.5-0.1-2.7

Next day

-9.2-1.5-7.6-1.8-7.4

-9.2-1.5-7.6-0.6-8.6

-7.3-0.2-7.1+1.1-8.4

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+8.7-2.2+10.9-0.3+9.1

15d

-5.9-9.5+3.5-1.9-4.0

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UpDownMarket · Nifty Microcap 250Sector · Personal Care peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Paramount Cosmetics board approved raising authorized share capital from Rs 5 crore to Rs 39 crore, divided into 3.9 crore equity shares of Rs 10 each. The Memorandum of Association will be amended accordingly. This is subject to shareholder approval at an Extra Ordinary General Meeting and other necessary regulatory clearances. No specific reason or planned use is stated in the filing.

Likely market impact

No direct financial impact on shareholders; the hike simply creates room for future actions like a stock split, bonus, or fund-raising.