Paramount Cosmetics has scheduled its 41st Annual General Meeting for September 30, 2026, at 11:00 am. The meeting will address a significant related-party transaction proposal and the re-appointment of a director.

The company seeks shareholder approval for a material related-party transaction with Paramount Kum Kum Private Limited. The proposed arrangement covers the sale and purchase of goods, services, rentals, and advances.

Related Party Transaction Details

The resolution authorizes transactions with Paramount Kum Kum Private Limited for an aggregate value not exceeding ₹50 crore per financial year. This approval is valid for five financial years, from FY28 to FY32.

Paramount Kum Kum Private Limited is part of the promoter group. Mr. Hiitesh Topiwaalla holds a 90% stake in the entity, while Mrs. Aartii Topiwaala holds 10%. The Audit Committee has reviewed the commercial rationale and pricing mechanism, confirming the transactions are on an arm's-length basis.

Director Re-Appointment

Shareholders will also vote on the re-appointment of Mrs. Aartii Topiwaala as a director. She retires by rotation and offers herself for re-appointment. The Board recommends her re-appointment based on her experience and contribution to the company.

Meeting Logistics

The AGM will be conducted through Video Conferencing or Other Audio Visual Means. Remote e-voting begins on September 27, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm. Members holding shares as on the cutoff date of September 23, 2026, are eligible to vote.

The company has dispatched letters containing web-links to the Annual Report for FY25-26 to members. The report is available on the company website and stock exchange portals.

Paramount Cosmetics (India) Limited has announced the convening of its 41st Annual General Meeting (AGM) for the financial year ended March 31, 2026. The meeting is scheduled for Wednesday, September 30, 2026, at 11:00 am and will be conducted through Video Conferencing or Other Audio Visual Means (OAVM).

The company notified the BSE Limited on August 24, 2026, regarding the closure of its Register of Members and Share Transfer Books. These books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026, both days inclusive, to facilitate the AGM process.

Key Dates and Eligibility

Shareholders must be on the record as of the specified cut-off date to participate in voting. The key dates for the corporate action are outlined below:

The record date of September 23, 2026, determines eligibility for shareholders to cast votes via remote e-voting or during the AGM. This aligns with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The announcement cites compliance with various Ministry of Corporate Affairs (MCA) General Circulars, including Circulars No. 14/2020, 17/2020, 20/2020, 02/2022, and the latest Circular No. 03/2025 dated September 22, 2025. These circulars permit the holding of general meetings through electronic means.

Prerna Jain, Company Secretary and Compliance Officer of Paramount Cosmetics, issued the communication from Bengaluru. The company’s registered office is located in Vapi, Gujarat, while its corporate office is in Bengaluru.