Paramount Cosmetics (India) Limited has informed BSE about receiving credit ratings from CARE Ratings Limited for its banking facilities under Regulation 30 of SEBI (LODR) Regulations, 2015. The company approached CARE Ratings to obtain ratings for both short-term and long-term bank facilities.

Credit Rating Details

CARE Ratings has assigned the following ratings to Paramount Cosmetics' banking facilities:

The Rating Committee reviewed these ratings based on recent developments including the company's operational and financial performance for FY25 (Audited) and 9MFY26 (Unaudited). Both ratings have been reaffirmed by CARE Ratings.

Banking Facilities Breakdown

The total banking facilities rated by CARE amount to ₹8.53 crore, with a detailed breakdown as follows:

Facility Structure

All banking facilities are provided by IDBI Bank Ltd. and include various components:

Long-term facilities (₹7.53 crore):

• Term loans with repayment schedules ranging from FY26 to FY31
• Fund-based limits with varying repayment terms
• Working capital facilities

Short-term facilities (₹1.00 crore):

• Non-fund based limits for operational requirements

Regulatory Compliance

The intimation was signed by Hiitesh Topiiwaalla, Managing Director (DIN: 01603345), and submitted to BSE Limited's Corporate Relationship Department. The communication included a copy of the rating letter received from CARE Ratings as supporting documentation.

CARE Ratings reserves the right to undertake surveillance and review of the ratings periodically, with at least one review annually. The ratings are opinions on the likelihood of timely payment obligations and do not constitute recommendations for banking decisions.

Source: None/Company/INE143I01013/47a100e6-4a18-4029-a353-810bf5137d4f.pdf

Paramount Cosmetics (India) Limited has secured shareholder approval for key corporate governance amendments and strategic asset disposal plans through an Extraordinary General Meeting (EGM) conducted on February 13, 2026. The approvals encompass significant changes to the company's Articles of Association and authorize substantial related party transactions as part of ongoing business restructuring efforts.

Articles of Association Amendment

The shareholders approved a special resolution to amend the company's Articles of Association, specifically inserting a clause that exempts the Managing Director from retirement by rotation. This amendment ensures management continuity and stability by allowing the Managing Director to remain in position throughout their tenure without being subject to rotational retirement requirements.

Related Party Asset Transaction

The EGM also approved a significant related party transaction involving the sale of fixed assets to Paramount Kum Kum Private Limited. The transaction involves the disposal of land, building, and plant & machinery located in Tamil Nadu on an arm's length basis.

Property Disposal Authorization

Shareholders further authorized the disposal of additional property assets as part of the company's business restructuring strategy. The disposal involves fixed assets located in Pardi, Gujarat, with the company retaining flexibility in identifying suitable buyers.

Corporate Governance and Approvals

All resolutions were initially reviewed and approved by the Board of Directors at their meeting held on January 17, 2026, before being presented to shareholders for final approval. The company has committed to intimating the voting results of the EGM to BSE Limited as per regulatory requirements.

The amendments and transactions align with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and comply with the disclosure requirements under Regulation 30. The company's proactive approach to business restructuring through strategic asset disposal is expected to enhance financial flexibility and optimize resource allocation for future growth initiatives.