Paramount Cosmetics Confirms Non-Applicability of SEBI Large Corporate Disclosure Requirements

1 min read     Updated on 14 Apr 2026, 01:14 PM
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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 Day5 Days1 Month6 Months1 Year5 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?

Paramount Cosmetics Files SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 14 Apr 2026, 12:29 PM
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Paramount Cosmetics (India) Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for Q4FY26, covering the quarter ended 31st March 2026. The certificate, issued by RTA BgSE Financials Limited on 07th April 2026, confirms proper processing of physical share certificates for dematerialization and compliance with depositories regulations. The filing was submitted to BSE Limited on 13th April 2026, signed by Managing Director Hiitesh Topiiwaalla.

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Paramount Cosmetics (India) Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of SEBI regulations on 13th April 2026. This quarterly submission is required for all listed companies to ensure compliance with depositories and participants regulations.

Filing Details: Information
Quarter Ended: 31st March 2026
Certificate Date: 07th April 2026
Submission Date: 13th April 2026
Filed With: BSE Limited
Scrip Code: PARMCOS - B (507970)

Registrar Certification

BgSE Financials Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on 07th April 2026. The RTA confirmed adherence to regulatory requirements for the dematerialization process during the quarter.

The certification covers two critical compliance areas:

  • Securities comprised in certificates have been listed on stock exchanges
  • Physical certificates have been mutilated and cancelled after due verification, with depository name substituted as registered owner

Corporate Governance

The filing was signed by Hiitesh Topiiwaalla, Managing Director (DIN: 01603345), demonstrating the company's commitment to regulatory compliance and corporate governance standards. The digital signature was applied on 14th April 2026.

RTA Details: Information
Name: BgSE Financials Limited
CIN: U67120KA1999PLC025860
Location: Bangalore
Reference: BFSL/RTA/PCI/22892/2026

This quarterly compliance filing ensures transparency in the dematerialization process and maintains investor confidence in the company's adherence to SEBI regulations.

Historical Stock Returns for Paramount Cosmetics

1 Day5 Days1 Month6 Months1 Year5 Years
-2.67%+2.01%+4.29%-2.41%-11.26%+137.01%

How might Paramount Cosmetics' business performance in Q1 FY2027 compare to previous quarters given the regulatory compliance milestone?

Will the company's consistent regulatory compliance improve its ESG ratings and attract institutional investors?

What impact could enhanced corporate governance practices have on Paramount Cosmetics' market valuation and trading volumes?

More News on Paramount Cosmetics

1 Year Returns:-11.26%