Paramount Cosmetics (India) Limited will hold a meeting of its Board of Directors on Tuesday, September 29, 2026. The session is scheduled to begin at 3:00 pm and will be conducted via video conferencing from the company's corporate office in Bengaluru.

The board will consider and transact business items as placed before it during the meeting. This notice was issued pursuant to Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The corporate office is located at Prestige Meridian-1, M.G. Road, Bangalore. The company's registered office remains in Vapi, Gujarat. The filing was signed by Hitesh Topiwala, Managing Director, on September 24, 2026.

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.