Paramount Cosmetics India Ltd — Important, 13-02-2026: Company Update
13-02-2026 | 04:05 pm
13-02-2026 | 04:05 pm
Paramount Cosmetics' shareholders have approved changes to the company's Articles of Association, exempting the Managing Director from retirement by rotation. This move aims to ensure management continuity and stability. Additionally, shareholders approved the sale of a fixed asset in Tamil Nadu to a related party for approximately 3 Cr. The company also plans to sell another fixed asset in Gujarat for about 0.60 Cr. These disposals are part of a business restructuring effort designed to enhance cash flow and working capital management.
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