Latest news about Paramount Cosmetics
Paramount Cosmetics
34.74
+1.61(+4.86%)
Company Performance:
View Company Insights1D+4.86%
1M-2.14%
6M-5.52%
1Y-8.58%
5Y+78.15%
More news about Paramount Cosmetics
06Mar 26
Paramount Cosmetics Receives Credit Rating from CARE Ratings for Banking Facilities
Paramount Cosmetics (India) Limited has received credit ratings from CARE Ratings Limited for its banking facilities totaling ₹8.53 crore. The company was assigned CARE B; Stable rating for long-term facilities worth ₹7.53 crore and CARE A4 rating for short-term facilities of ₹1.00 crore. Both ratings were reaffirmed based on the company's FY25 audited and 9MFY26 unaudited financial performance. All facilities are provided by IDBI Bank Ltd.
14Feb 26
Paramount Cosmetics Shareholders Approve Articles Amendment and Asset Disposal Plans
Paramount Cosmetics (India) Limited shareholders approved key amendments to Articles of Association on February 13, 2026, exempting the Managing Director from retirement by rotation to ensure management continuity. The EGM also authorized related party transactions worth approximately 3 crores involving asset sale to Paramount Kum Kum Private Limited and property disposal valued at approximately 60 lacs in Pardi, Gujarat. These strategic decisions, initially approved by the Board on January 17, 2026, form part of business restructuring efforts aimed at improving cash flow and working capital management.
09Feb 26
Paramount Cosmetics Reports Q3FY26 Financial Results with Revenue of ₹523.40 Lakhs
Paramount Cosmetics (India) Limited reported Q3FY26 results with revenue of ₹523.40 lakhs, down from ₹555.55 lakhs in Q3FY25, while net profit improved to ₹3.42 lakhs from ₹2.11 lakhs. Nine-month revenue grew significantly to ₹1,860.32 lakhs from ₹1,440.15 lakhs, with net profit rising to ₹10.02 lakhs from ₹4.83 lakhs. The company wrote off inventory worth ₹106.99 lakhs due to spoilage and damage during the quarter.
21Jan 26
Paramount Cosmetics Schedules Extraordinary General Meeting for February 13, 2026
Paramount Cosmetics (India) Limited has scheduled its 1st Extraordinary General Meeting for FY 2025-26 on February 13, 2026, via video conferencing to address three special business items. The agenda includes amending articles of association to exempt the Managing Director from retirement by rotation, approving a related party transaction for selling manufacturing assets to Paramount Kum Kum Private Limited for approximately ₹3.00 crores, and authorizing the sale of immovable property valued at ₹60.00 lakhs. Remote e-voting will be available from February 10-12, 2026, with February 6, 2026, set as the cut-off date for voting eligibility.
16Jan 26
Paramount Cosmetics Shareholders Reject All Special Resolutions in Postal Ballot
Paramount Cosmetics (India) Limited announced that shareholders have rejected all three special resolutions in the postal ballot conducted through remote e-voting. The resolutions included alteration of articles of association, approval for asset sales, and immovable property disposal, all receiving 70.85% support but failing to meet the required 75% majority for special resolutions.
07Nov 25
Paramount Cosmetics Reports Revenue Growth Amid Significant Inventory Write-off
Paramount Cosmetics (India) Limited's Q2 FY2026 results show revenue from operations increased to Rs 869.23 lakhs, up from Rs 467.69 lakhs in Q1 FY2026 and Rs 512.53 lakhs in Q2 FY2025. Net profit rose to Rs 11.52 lakhs, improving from a loss of Rs 6.05 lakhs in Q1 FY2026. The company wrote off Rs 182.01 lakhs of inventory deemed unfit for sale due to spoilage and damage. Total assets decreased to Rs 3,939.11 lakhs from Rs 4,047.87 lakhs in March 2025. The board approved these results on November 7, 2025, with an unmodified audit opinion.
14Aug 25
Paramount Cosmetics Reports Q1 Loss, Reappoints Managing Director
Paramount Cosmetics (India) Limited reported a net loss of Rs 6.05 crore for Q1 FY2024, compared to a profit of Rs 1.35 crore in Q1 FY2023. Revenue from operations increased by 25.70% to Rs 467.69 crore. Total income rose to Rs 502.76 crore, while total expenses increased to Rs 501.70 crore. EPS declined to -Rs 0.50. The Board approved the re-appointment of Mr. Hiitesh Topiiwaalla as Managing Director for five years, subject to shareholder approval. Ms. Ankita Karnani resigned as Company Secretary and Compliance Officer.
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