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.

Paramount Cosmetics (India) Limited has announced its unaudited financial results for the quarter and nine months ended 31st December 2025. The Board of Directors approved these results during their meeting held on 9th February 2026, with the Audit Committee having reviewed them prior to approval.

Financial Performance Overview

The company's financial performance for the quarter showed mixed results compared to the previous year. Revenue from operations declined year-over-year, while profitability improved marginally.

Nine-Month Performance Analysis

The nine-month period ending 31st December 2025 demonstrated stronger performance compared to the corresponding period in the previous year. Revenue growth was accompanied by significant improvement in profitability metrics.

Significant Inventory Write-off

During the quarter, Paramount Cosmetics wrote off inventories amounting to ₹106.99 lakhs. The inventory write-off pertained to items assessed as unfit for sale or use due to spoilage and physical damage incurred during handling or storage. The assessment was conducted by the warehouse and quality control teams, who segregated these inventories from usable and saleable stock.

Management concluded after detailed review and evaluation that these inventories had no recoverable value and were unsellable and unusable. The company confirmed that disposal of these items will be carried out in compliance with applicable environmental regulations, including norms prescribed by the Pollution Control Board, through an approved vendor with adequate documentation for traceability and regulatory compliance.

Operational Expenses and Tax Structure

Total expenses for Q3FY26 stood at ₹542.41 lakhs compared to ₹576.98 lakhs in Q3FY25. The company's expense structure included purchase of stock-in-trade of ₹251.65 lakhs, employee benefits expense of ₹46.42 lakhs, and finance costs of ₹28.18 lakhs. Tax expenses comprised current tax of ₹0.50 lakhs and deferred tax of ₹0.97 lakhs.

Corporate Governance and Compliance

The financial results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, Sharma & Pagaria, issued an audit report with unmodified opinion on the results. The company maintains a paid-up equity share capital of ₹485.50 lakhs with a face value of ₹10 per share. As a single business segment entity, the requirement of Ind AS 108 "Segment Reporting" is not applicable to the company.