Paramount Cosmetics India Ltd

Signature metadata

• Digitally signed by PRERNA JAIN on 2026-08-24 15:07:43 +05:30

AGM and Book Closure

• Book closure from September 24, 2026 to September 30, 2026 (inclusive) for AGM records.
• Purpose: to facilitate the AGM and closing of Register of Members and Share Transfer Books.
• Record date: September 23, 2026 to determine voting eligibility.
• AGM date: September 30, 2026 at 11:00 IST via VC/OAVM.
• Security: equity shares affected by the book-closure and AGM.
• Voting: remote e-voting or AGM e-voting facility available.

Rating action

• CARE Ratings withdraws Paramount Cosmetics' bank facility ratings with immediate effect.

Facilities rated

• Bank facilities rated by CARE withdrawn; facilities fully repaid.

Agency & rationale

• Agency: CARE Ratings Limited (CareEdge Ratings).
• Rationale: full repayment; no amount outstanding under facilities.

Historical context

• Previous rating: CARE B; Stable (as of last evaluation).
• Withdrawal effective: 17 August 2026.

Financial results

• Unaudited financial results for the quarter ended 30 June 2026 approved.
• Auditor's limited review report on unaudited Q1 results reviewed.
• Non-availability of secretarial audit for FY 2025-26.

Related party transactions

• Approved related party transaction with Paramount Kum Kum for up to Rs 50 crore for FY27-28 to FY31-32.
• Sale of land and building at Umarasadi Tal, Pardi District, Valsad; sale deed executed 30 June 2026.

AGM and governance

• Retirement of a Director by rotation; re-appointment, if eligible.
• Consider and approve AGM date, time, and venue to be held via video conferencing.
• Draft AGM notice approved.
• Board's Report for FY ended 31 March 2026 draft approved.
• Scrutinizer for remote e-voting appointed; CDSL appointed for AGM voting.

Inventory and accounting

• Written off inventories of Rs 30.91 lakh due to spoilage/expiry/deterioration.

Subsidiaries and disclosures

• Noting no subsidiary, associate, or joint venture; results are standalone.
• Company to publish results under SEBI LODR Regulation 33 requirements.

Parties & Purpose

• Parties: Paramount Cosmetics (India) Limited and Paramount Kum Kum Private Limited.
• Purpose: Sale of property at Umarsadi, Pardi, Valsad under Deed of Conveyance dated 06.08.2026.

Transaction details & approvals

• Deed of Conveyance dated 06.08.2026; formalities completed 07.08.2026; board noted 12.08.2026.
• Special Resolution approved by shareholders through EGM held on 13 February 2026.

Paramount Cosmetics India Ltd board meeting details not disclosed in provided excerpt

Event details

• Seller: Paramount Cosmetics (India) Limited; Buyer: unnamed purchaser; possession handed over.
• Purpose: sale of land and building comprising the factory at Shoolagiri.
• Advance received toward the sale; amount not disclosed.
• Shareholders approved the transaction at the Extraordinary General Meeting on 13 February 2026.
• Buyer currently working on registration and transfer of the property.
• Disclosure belated; company commits timely compliance with SEBI LODR going forward.
• Impact: sale constitutes asset disposal; ownership transfer pending.

Meeting Details

• Meeting on Aug 12, 2026 at 3:30 PM IST at 902-904, 9th Floor, Prestige Meridian-1, Bangalore, with VC.

Key Agenda Items

• Consider and approve unaudited Q1 2026 financial results for the period ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours post Q1 results.

Key compliance actions

• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled, and depository name substituted as registered owner.