Paramount Cosmetics India Ltd — Important, 13-02-2026: Company Update
13-02-2026 | 03:54 pm
13-02-2026 | 03:54 pm
Paramount Cosmetics shareholders have approved key company updates. They endorsed an amendment to the Articles of Association, exempting the Managing Director from retirement by rotation, which aims to ensure leadership continuity and stability. Additionally, shareholders approved a related party transaction involving the sale of a fixed asset, including land and building, for approximately 3 Cr. The company also disclosed the planned disposal of another property for an estimated 0.60 Cr, a strategic move for business restructuring and improving cash flow and working capital management. These actions reflect significant decisions impacting governance and asset utilization.
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