Paramount Cosmetics Board Approves Q1 FY27 Unaudited Results
Paramount Cosmetics India Ltd's Board of Directors met on August 12, 2026, to approve the unaudited financial results for the first quarter ended June 30, 2026. The board also reviewed quarterly compliances, related party transactions, and took note of the non-applicability of Secretarial Audit for FY 2025-26. Key decisions included approving a material related party transaction with Paramount Kum Kum Private Limited for up to ₹50 crore annually from FY 2027-28 to FY 2031-32, and considering director retirement and re-appointment. The meeting also discussed the 41st Annual General Meeting (AGM) arrangements, including holding it via video conferencing and appointing CDSL for e-voting. A Deed of Conveyance for property sale to Paramount Kum Kum Private Limited was also noted.
Key Highlights
- Board approved unaudited Q1 FY27 financial results.
- Material RPT with Paramount Kum Kum approved for up to ₹50 Cr.
- AGM arrangements discussed, including VC and e-voting.
- Deed of Conveyance for property sale noted.
- Non-applicability of Secretarial Audit for FY26 confirmed.
Price Impact
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