Paramount Cosmetics Confirms Non-Applicability of SEBI Large Corporate Disclosure Requirements
Paramount Cosmetics (India) Limited has notified BSE that it does not qualify as a Large Corporate under SEBI regulations, exempting it from specific disclosure requirements. The company confirmed non-applicability of initial and annual disclosure requirements under SEBI Circular No. SEBI/HO/DDHS/DDHS-PoD1/P/CIR/2023/172 and related circulars. The Large Corporate criteria include having listed securities, outstanding long-term borrowings of Rs 100 crores or above, and credit rating of AA and above, which the company does not meet.

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Paramount Cosmetics (India) Limited has officially communicated to BSE Limited that it does not fall under the Large Corporate category as defined by SEBI regulations, thereby exempting it from specific disclosure requirements. The notification was submitted on April 13, 2026, and signed by Managing Director Hiitesh Topiiwaalla.
SEBI Large Corporate Criteria
The company referenced multiple SEBI circulars in its notification, primarily SEBI Circular No. SEBI/HO/DDHS/DDHS-PoD1/P/CIR/2023/172 dated October 19, 2023, read with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. The Large Corporate criteria outlined in these regulations include three key parameters:
| Criteria: | Requirements |
|---|---|
| Listed Securities: | Specified securities, debt securities, or non-convertible redeemable preference shares listed on recognized stock exchanges |
| Outstanding Borrowings: | Long-term borrowings of Rs 100 crores or above with original maturity exceeding 1 year |
| Credit Rating: | AA and above rating for unsupported bank borrowings or plain vanilla bonds |
Disclosure Requirements Not Applicable
Since Paramount Cosmetics does not meet the Large Corporate criteria, the company confirmed that it is not required to file initial and annual disclosures as specified in Annexures A, B1, and B2 of the mentioned SEBI circulars. The notification specifically excludes external commercial borrowings and inter-corporate borrowings between parent and subsidiary entities from the borrowing calculations.
Company Details
Paramount Cosmetics (India) Limited operates with CIN L24240GJ1985PLC008282 and maintains its registered office at Plot No. 165/B-15 & 16, 2nd Phase G.I.D.C, Vapi, District Valsad, Gujarat. The corporate office is located at 902-904, 9th Floor, Prestige Meridian-1, 29 M.G. Road, Bangalore. The notification was digitally signed by Managing Director Hiitesh Topiiwaalla (DIN: 01603345) on April 14, 2026.
Historical Stock Returns for Paramount Cosmetics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.67% | +2.01% | +4.29% | -2.41% | -11.26% | +137.01% |
What are Paramount Cosmetics' expansion plans that could potentially push it above the Rs 100 crore borrowing threshold in the coming years?
How might this exemption from disclosure requirements affect investor confidence and transparency perceptions in the cosmetics sector?
Will Paramount Cosmetics consider voluntary compliance with Large Corporate disclosure norms to enhance corporate governance standards?

































