Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby inform that the Members of the Company at the 01st EGM for the FY 2025-26 , held on 13.02.2206 have the approved the ....
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Paramount Cosmetics India informed BSE that shareholders approved three special resolutions at its 01st EGM for FY 2025-26 held on February 13, 2026. First, the Articles of Association were amended to exempt the Managing Director (Hiitesh Topiiwaalla) from retirement by rotation, ensuring leadership continuity. Second, shareholders approved the sale of the company's Land, Building, and Plant & Machinery at Hosur, Tamil Nadu to a related party, Paramount Kum Kum Private Limited, valued at approximately ₹3 crore at arm's length. Third, shareholders approved the disposal of another fixed asset (property at Pardi Umersadi road, Gujarat) estimated at around ₹60 lakhs, possibly to a related party. Both transactions were reviewed by the Audit Committee and Board on January 17, 2026.
The AOA change consolidates management control with the current Managing Director, while the asset sales (combined ~₹3.6 crore) aim to improve cash flow and working capital. The related party transactions should be watched for governance concerns, though they have been stated to be at arm's length.