In this meeting, the Board has amongst other matters considered inter-alia, transacted and approved the following: 1.Alteration of Articles of Association 2. Related Party Transaction ....
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The Board of Directors of Paramount Cosmetics India met on 5th December 2025 and approved several items. These include alterations to the Articles of Association of the company and two related party transactions involving the sale of a fixed asset and adjustment of a rent deposit and loan. The Board also recommended the sale of a property and authorised the Managing Director to take the necessary steps. Additionally, a draft postal ballot notice was approved along with the cut-off date and remote e-voting period, with a scrutinizer appointed for the process. A postal ballot is being used to seek shareholder approval on certain matters.
Shareholders should note that a postal ballot will be conducted requiring their voting on the approved items, particularly the Articles of Association alteration and the property sale. The sale of property and related party transactions involving fixed assets and rent deposits may impact the company's asset base and require shareholder scrutiny.