Paramount Cosmetics India Board Approves Share Capital Increase to ₹39 Cr

Paramount Cosmetics India Ltd announced a significant increase in its authorized share capital, subject to shareholder and regulatory approvals. The company's authorized share capital will rise from ₹5 crore to ₹39 crore. This expansion involves increasing the number of equity shares from 50 lakh to 3.9 crore, each with a face value of ₹10. The alteration of the Memorandum of Association (MOA) is also approved, pending necessary approvals. This move is likely to facilitate future growth, expansion, or potential fundraising activities for the company.