Pursuant to Regulation 30 and 44(3) of SEBI (LODR) Regulations. 2015 , we are submitting the Scrutinizer''s Report
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Paramount Cosmetics India conducted a postal ballot via remote e-voting from December 15, 2025 to January 13, 2026, on three special resolutions. The resolutions sought to: (1) alter Articles of Association to exempt the Managing Director from retirement by rotation, (2) approve sale of fixed assets to related party Paramount Kum Kum Pvt. Ltd., and (3) approve sale of immovable property under Section 180(1)(A). All three resolutions received identical voting results: 209 members with 93,076 votes (70.85%) in favour and 3 members with 38,300 votes (29.15%) against. Since special resolutions require a 75% majority, all three proposals failed to pass for want of requisite majority.
Shareholders have rejected all three management proposals, including a related-party asset sale to Paramount Kum Kum Pvt. Ltd. This blocks the company's planned asset divestments and MD-related governance changes, which may delay strategic plans and is a negative signal for management's ability to push through restructuring.