Pursuant to Regulation 30 of SEBI (LODR) Regulations, we hereby inform that the Members of the Company at the 01st EGM for the FY 2025-26 held on 13th February 2026, have approved the Related ....
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Paramount Cosmetics India held an Extraordinary General Meeting on February 13, 2026, where members approved three proposals via special resolution. First, the Articles of Association were amended to exempt the Managing Director from retirement by rotation, ensuring management continuity. Second, the company will sell its Land, Building and Plant & Machinery located in Hosur, Tamil Nadu (Chennapalli, Shoolagiri) to related party Paramount Kum Kum Private Limited at approximately Rs 3 crore on an arm's length basis. Third, another fixed asset in Umersadi, Pardi (Gujarat), valued at approximately Rs 60 lakhs, will be sold as part of business restructuring to improve cash flow and working capital. Both transactions were earlier approved by the Audit Committee and Board on January 17, 2026.
Shareholders should note the sale of manufacturing assets in Hosur signals a strategic restructuring or capacity reduction in core operations, which could free up working capital but may also indicate scaling back of production. The total divestment value (~Rs 3.6 crore) is modest relative to the company, and the related-party nature of the larger transaction warrants investor attention.