Please find the enclosed Notice of the 1st EGM for the Financial Year 2025-26 of the Company to be held on 13th February 2026 at 11:00 A.M.(IST) through Video Conference /OAVM .
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Paramount Cosmetics India Ltd has called its 1st Extraordinary General Meeting (EGM) for FY 2025-26 on Friday, February 13, 2026, at 11:00 AM via video conferencing. Three special resolutions are up for shareholder approval: (1) Amending the Articles of Association so that the Managing Director (Mr. Hiitesh Topiiwaalla) is not subject to retirement by rotation during his tenure, allowing continuity in executive leadership; (2) Approving a material related party transaction to sell the company's manufacturing facility at Hosur, Tamil Nadu (land, building and plant & machinery) to M/s Paramount Kum Kum Private Limited (PKPL), a related party, at an estimated value of around ₹3.3 crore based on a registered valuer's assessment, subject to IDBI Bank releasing the existing mortgage; and (3) Approving the sale of an immovable property at Pardi, Umersadi (Gujarat) estimated at around ₹60 lakhs to unlock value. E-voting will be conducted via CDSL between February 10 and February 12, 2026, with the cut-off date of February 6, 2026.
Shareholders should review these resolutions carefully, especially the related party sale to PKPL and the AOA amendment that shields the Managing Director from retirement by rotation. Approval of the asset sales would unlock liquidity (~₹3.9 crore combined estimated value) and reduce debt exposure, while the AOA change signals the promoter's intent to retain long-term executive control of the company.