Paramount Cosmetics (India) Limited has announced that shareholders have rejected all three special resolutions proposed in the postal ballot conducted through remote e-voting. The company informed BSE Limited on January 16, 2026, that members have not accorded their approval to any of the resolutions set out in the postal ballot notice dated December 12, 2025.

Scrutinizer's Report and Process

Mr. Brajesh Gupta of Brajesh Gupta & Co., appointed as scrutinizer on December 5, 2025, submitted his comprehensive report on January 15, 2026, confirming that all resolutions were deemed rejected due to insufficient majority. The scrutinizer was appointed pursuant to Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The remote e-voting process commenced at 9:00 a.m. on December 15, 2025, and concluded at 5:00 p.m. on January 13, 2026. The voting portal was managed by Central Depository Services Limited (CDSL) with Electronic Voting Sequence Number "251212003".

Voting Results Summary

All three special resolutions failed to achieve the required 75% majority despite receiving 70.85% votes in favor. The voting pattern remained identical across all resolutions, with only public non-institutional shareholders participating in the voting process.

Detailed Resolution-wise Results

The scrutinizer's report provided comprehensive voting details for each resolution:

Rejected Resolutions

The three special resolutions that were rejected include:

Resolution 1: Alteration of Articles of Association to insert a clause exempting the Managing Director from retirement by rotation. This resolution aimed to provide continuity in leadership by exempting the managing director from the standard retirement rotation process.

Resolution 2: Approval for sale of fixed assets to Paramount Kum Kum Pvt. Ltd. This proposal involved the disposal of company assets to a related entity, requiring shareholder approval due to potential conflicts of interest.

Resolution 3: Approval under Section 180(1)(A) for sale of immovable property. This resolution sought authorization for the company to sell real estate assets, which requires specific shareholder consent under company law provisions.

Key Observations

A significant aspect of the voting outcome was the complete non-participation of the promoter and promoter group, who hold 3,630,740 shares representing approximately 74.78% of the total shareholding. All three resolutions were identified as matters where the promoter group had interests, yet they abstained from voting entirely.

The overall voter turnout was notably low at 2.71% of total outstanding shares, with only 131,396 votes cast out of 4,855,000 eligible shares. The scrutinizer confirmed that no invalid votes were recorded, and the voting process was conducted in accordance with the Companies Act, 2013, and SEBI regulations. The votes were unblocked from the CDSL website on January 13, 2026, at 17:19 P.M., and all records remain in the scrutinizer's custody until the Chairman approves the minutes.

Paramount Cosmetics (India) Limited has released its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a mixed financial performance with notable revenue growth and a substantial inventory write-off.

Revenue and Profit

The company reported a significant increase in revenue from operations for the quarter:

Paramount Cosmetics saw its revenue from operations surge to Rs 869.23 lakhs in Q2 FY2026, marking a substantial increase from Rs 467.69 lakhs in the previous quarter and Rs 512.53 lakhs in the same quarter last year.

Profitability

The company's net profit for Q2 FY2026 stood at Rs 11.52 lakhs, a notable improvement from a loss of Rs 6.05 lakhs in Q1 FY2026 and a profit of Rs 1.37 lakhs in Q2 FY2025.

Inventory Write-off

A significant development during the quarter was the write-off of inventories amounting to Rs 182.01 lakhs. The company stated that this inventory was assessed as unfit for sale or use due to spoilage and physical damage incurred during handling or storage. The assessment was carried out by the warehouse and quality control teams, who segregated these inventories from the usable and saleable stock.

Financial Position

As of September 30, 2025, Paramount Cosmetics reported:

The company's total assets stood at Rs 3,939.11 lakhs, down from Rs 4,047.87 lakhs as of March 31, 2025.

Board Meeting and Audit Review

The board meeting was held on November 7, 2025, where these results were approved. The Statutory Auditors of the Company have issued an audit report with an unmodified opinion on the results.

Paramount Cosmetics confirmed that the disposal of the written-off inventory items will be carried out in compliance with applicable environmental regulations, including norms prescribed by the Pollution Control Board. The disposal will be undertaken through an approved vendor, with adequate documentation maintained to ensure traceability and regulatory compliance.

Investors can view the detailed unaudited financial results on the company's website or on the website of Bombay Stock Exchange (BSE).