Pursuant to Regulation 30 and 44 (3) of SEBI LODR Regulations 2015, the resolution in the Postal Ballot Notice dated 12th December 2025 were not approved by the Shareholders .
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Paramount Cosmetics India Ltd informed BSE that all three special resolutions put to shareholders via postal ballot (notice dated December 12, 2025) have failed to get the required 75% majority. E-voting took place from December 15, 2025 to January 13, 2026. For each resolution, only 70.85% of valid votes were cast in favour (209 members, 93,076 shares), while 29.15% were against (3 members, 38,300 shares). Since special resolutions require at least 75% in favour, all three resolutions stand rejected as of January 13, 2026. The rejected proposals were: (1) altering Articles of Association to exempt the Managing Director from retirement by rotation, (2) approving sale of fixed assets to Paramount Kum Kum Pvt. Ltd., and (3) approving sale of immovable property under Section 180(1)(A) of the Companies Act.
Shareholders have blocked the company's attempts to exempt its Managing Director from retirement by rotation and to sell company assets/property, likely including a potential related-party transaction with Paramount Kum Kum Pvt. Ltd. This reflects governance pushback and may delay or derail the company's asset monetisation plans, with possible negative sentiment on the stock.