Paramount Cosmetics (India) Limited held its 41st Annual General Meeting on September 30, 2026, via video conferencing. The meeting adopted the audited financial statements for FY26 and approved the reappointment of a director retiring by rotation.

The company also sought shareholder approval for a material related party transaction involving Paramount Kum Kum Private Limited. Voting results are pending the submission of the Scrutinizer's report and will be announced separately.

Meeting proceedings and attendance

The meeting commenced at 11:00 am and concluded at 11:09 am. A total of 41 members, representing 1,065,150 shares, were present to constitute the quorum. The Managing Director, Hiitesh Topiwaalla, chaired the session. Key personnel present included:

Business transacted

Shareholders considered two ordinary resolutions under ordinary business and one resolution under special business. The statutory auditors' reports were taken as read, as there were no qualifications or adverse remarks on the financial statements.

The company utilized the e-voting facility provided by Central Depository Services (India) Limited for remote voting and voting during the meeting.

Paramount Cosmetics (India) Limited has approved a significant increase in its authorized share capital. The Board of Directors raised the limit from ₹5 crore to ₹39 crore during a meeting held on September 29, 2026.

The decision marks a increase from ₹5 crore to ₹39 crore. The increase is subject to shareholder approval at an upcoming Extra Ordinary General Meeting (EGM). The board also appointed Central Depository Securities Limited (CDSL) as the remote e-voting agency for the proposed resolutions.

Capital structure changes

The Board approved the alteration of the Memorandum of Association (MOA) to reflect the new capital structure. The authorized share capital will be divided into 3,90,00,000 equity shares of ₹10 each, up from the previous 50,00,000 shares.

Meeting details and next steps

The fourth meeting of the Board for FY26-27 commenced at 3:35 pm and concluded at 3:50 pm via video conferencing. The session was conducted from the corporate office in Bengaluru.

Key resolutions passed include:

• Approval of the increase in authorized share capital.
• Convening an EGM on October 29, 2026, through video conferencing.
• Appointment of CS Abhishek Chhajed as Scrutinizer for the remote e-voting process.
• Authorization to send the EGM notice to all members under the Companies Act, 2013.

The notice for the EGM will be hosted on the company's website and emailed to eligible shareholders. The filing was signed by Hitesh Topiwala, Managing Director, on September 29, 2026.