Non- Applicability of Disclosure of Related Party Transactions pursuant to the Provision of Regulation 23(9) of SEBI(LODR) Regulations, 2015.
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Paramount Cosmetics has informed BSE that it is exempt from disclosing Related Party Transactions every six months under Regulation 23(9) of SEBI's listing rules. The exemption is available to companies whose paid-up equity share capital does not exceed Rs. 10 crore and net worth does not exceed Rs. 25 crore. The company's paid-up capital is Rs. 4.85 crore (as on March 31, 2025) and net worth is Rs. 20.36 crore, both well below the applicable thresholds. As a result, the company is not required to submit related party transaction disclosures in XBRL or any other format. The communication is signed by Managing Director Hiitesh Topiiwaalla.
This is a routine compliance filing and has no material impact on shareholders or the stock price. It simply confirms the company's small-cap status — with paid-up capital under Rs. 5 crore and net worth just above Rs. 20 crore — making it eligible for reduced corporate governance and disclosure obligations under SEBI's listing rules.