Pursuant to the applicable provisions of the Companies Act,2013 and SEBI ( LODR) Regulations, we hereby submit the Postal Ballot Notice issued to the members of the Company.
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Paramount Cosmetics has issued a Postal Ballot Notice dated December 12, 2025, seeking shareholder approval for three special resolutions via remote e-voting (December 15, 2025 to January 13, 2026). Resolution 1 proposes amending the Articles of Association so the Managing Director (Hiitesh Topiiwaalla) is not liable to retire by rotation during his tenure. Resolution 2 seeks approval to sell the company's Hosur, Tamil Nadu factory (land, building, and plant & machinery) to related party Paramount Kum Kum Pvt Ltd for an estimated ₹3 crore, based on a registered valuer's assessment. Resolution 3 seeks approval to sell an immovable property at Pardi, Gujarat for an estimated ₹60 lakhs. The Hosur asset is currently mortgaged with IDBI Bank, and the sale will proceed only after the bank's NOC and release of charge. Results will be announced by January 14, 2026.
Shareholders should review the two asset sales carefully, especially the ₹3 crore related-party sale of the Hosur manufacturing unit, which management describes as non-core to its distribution-focused strategy. Approval would unlock liquidity and reduce debt, but related parties cannot vote on that resolution. The AOA change would give the Managing Director a non-rotational seat, improving leadership continuity but concentrating board influence.