Re-appointment of Internal Auditor
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Paramount Cosmetics India's board, at its meeting on May 29, 2025, approved audited financial results for Q4 and FY ended March 31, 2025, with statutory auditor Sharma & Pagaria issuing an unmodified (clean) opinion. The board also re-appointed Mr. Venkatesh P A, Chartered Accountant, as Internal Auditor for FY 2025-26, and re-appointed M/s. Brajesh Gupta & Co., Practicing Company Secretaries, as Secretarial Auditor for FY 2025-26, both on the recommendation of the Audit Committee. Q4 FY25 revenue from operations rose sharply to about ₹597.86 lakhs versus ₹218.62 lakhs in Q4 FY24, though the company reported a small loss per share (basic EPS of roughly -₹0.15) for the quarter. Mr. Venkatesh P A is a qualified Chartered Accountant with over a decade of experience in finance, taxation, and accounting.
Routine re-appointments of internal and secretarial auditors signal continuity in governance and compliance, with no change in audit oversight. The clean audit opinion supports credibility of the reported numbers, while the swing from profit to a marginal Q4 loss despite revenue growth may draw investor attention to margin pressures.