Board Meeting29 Sept 2026, 04:50 pm
Paramount Cosmetics India Ltd Increases Authorized Share Capital
AI Summary
Paramount Cosmetics India Ltd announced that its Board of Directors has approved an increase in the company's authorized share capital from Rs. 5 Crore to Rs. 39 Crore. This involves an increase in the number of equity shares from 50 Lakh to 3.90 Crore, each with a face value of Rs. 10. The company will convene an Extra Ordinary General Meeting (EGM) on October 29, 2026, to seek shareholder approval for this change and the consequent alteration of the Memorandum of Association (MOA). CDSL has been appointed as the Remote E-Voting Agency, and CS Abhishek Chhajed will act as the Scrutinizer for the EGM.
Key Highlights
- Board approved increase in authorized share capital from ₹5 Cr to ₹39 Cr.
- Number of equity shares to increase from 50 Lakh to 3.90 Crore.
- Extra Ordinary General Meeting scheduled for October 29, 2026.
- Shareholder approval required for capital increase and MOA alteration.
- CDSL appointed as Remote E-Voting Agency for EGM.
Price Impact
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