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Paramount Cosmetics (India) Limited Annual Report 2025-26 PARAMOUNT COSMETICS (INDIA) LIMITED FORTY FIRST ANNUAL REPORT 2025-2026 Paramount Cosmetics (India) Limited Annual Report 2025-26 CONTENTS Particulars Page No. CORPORATE INFORMATION 3 NOTICE 4-19 BOARD’S REPORT AND OTHER ANNEXURES 20 - 60 INDEPENDENT AUDITORS' REPORT 61 - 72 BALANCE SHEET 73 STATEMENT OF PROFIT & LOSS ACCOUNT 74 CASH FLOW STATEMENT 76 NOTES ON ACCOUNTS 77 - 106 Paramount Cosmetics (India) Limited Annual Report 2025-26 CORPORATE INFORMATION BOARD OF DIRECTORS COMPLIANCE OFFICER & COMPANY SECRETARY ➢ Mr. Hiitesh Topiiwaalla - Managing Director (DIN 01603345) ➢ Ms. Prerna Jain ➢ Ms. Aartii Topi–waala - Director STATUTORY AUDITORS (DIN 03487105) ➢ M/s. Sharma & Pagaria, Chartered ➢ Mr. – Vishwaskumar Ashokkumar Accountants. Sharma Independent Director (DIN: 06716653) – REGISTERED OFFICE ➢ Mr. Mukesh Kumar Tyagi - Independent Director (DIN: 01649644) Plot No. 165/B-15 & 16, 2nd Phase, GIDC VAPI Valsad GJ 396195 IN CHIEF FINANCIAL OFFICER ➢ Mr. Rajnish Matta E-MAIL: compliance@parcos.in BANKERS ➢ IDBI Bank Limited WEBSITE: ➢ DBS Bank www.parammount.com REGISTRAR & SHARE TRANSFER AGENT CIN: ➢ BgSE Financials Limited L24240GJ1985PLC008282 Stock Exchange Towers, No. 51, 1st Cross, J.C Road, Bangalore- 560 027 Ph: CORPORATE OFFICE 080 4132 9661 Email: rta_admin@bfsl.co.in 902-904, 9th Floor, manager_rta@bfsl.co.in Prestige Meridian-1, 29, M. G. Road, Bangalore - 560 001 Ph: +91 80 25320870/71 Email:compliance@parcos.in Paramount Cosmetics (India) Limited Annual Report 2025-26 NOTICE OF THE 41ST ANNUAL GENERAL MEETING Notice is hereby given that the 41st Annual General Meeting of the members of Paramount Cosmetics (India) Limited ( the Company ) will be held on Wednesday, September 30, 2026, at 11:00 A.M. (IST) through Video Conferencing/ Other Audio Visual Means ( OAVM ) to transact the following business: “ ” ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Balance Sheet of the Company as at 31st March, 2026 and Profit & Loss Account for the year ended on that date together with the report of the Board of Directors and Auditors thereon. 2. To appoint a director in place of Mrs. Aartii Topiwaala (DIN: 03487105), who retires by rotation and being eligible, offers herself for re-appointment. SPECIAL BUSINESS: 3. To consider and approve the Material Related Party Transaction between the Company and Paramount Kum Kum Private Limited: To consider and if thought fit, to pass, with or without modification(s), the following resolution as an Ordinary Resolution “RESOLVED THAT pursuant to the provisions of Regulations 2(1)(zc), 23(4) and other applicable Regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), as amended from time to time and Section 2(76), 188 and other applicable provisions of the Companies Act, 2013 (Act) read with Rule 15 of the Companies (Meetings of Board and‘ its Powers) Rules, 2014’, as amended from time to time (including any statutory modification(s) or re-enactment(s) thereof for the time being‘ in f’orce) and other applicable laws / statutory provisions, if any, the Companys Policy on Material Related Party Transactions as well as subject to such approval(s), consent(s) and/or permission(s), as may be required and based on the recommendation of the Audit Committee, the co’nsent of the members of the Company be and is hereby accorded to authorise the Board of directors of the Company (hereinafter referred to as the Board, which term shall be deemed to include the Audit Committee or any other Committee constituted / empowered / to be constituted by the Board from time to time to exercise its powers conferred‘ by this’ Resolution) to the Material Related Party Transaction(s) / Contract(s) /Arrangement(s) / Agreement(s) entered into / proposed to be entered into (whether by way of an individual transaction or transactions taken together or a series of transactions or otherwise), as mentioned in detail in the explanatory statement, between the Company and Paramount Kum Kum Private Limited, a Related Party of the Company, on such terms and conditions as may be mutually agreed between the Company and Paramount Kum Kum Private Limited for an aggregate value amount not exceedin‘ g Rs. 50,00,00’,000/- (Rupees Fifty Crores Only) per financial year and will be valid till period of 5 Financial Years from Financial Year 2027-28 till end of the financial year 2031-32 provided that such transaction(s) /contract(s) / arrangement(s) / agreement(s) is being carried out at an arms length pricing basis and in the ordinary course of business. RESOLVED FURTHER THAT any director(s), Managing Director or KMP of the Company be and is hereby authorized to do and perform all such acts, deeds, matters and things, as may be necessary, including but not limited to, finalizing the terms and conditions, methods and modes in respect of Paramount Cosmetics (India) Limited Annual Report 2025-26 executing necessary documents, including contract(s) / arrangement(s) / agreement(s) and other ancillary documents; seeking necessary approvals from the authorities; settling all such issues, questions, difficulties or doubts whatsoever that may arise and to take all such decisions from powers herein conferred; and delegate all or any of the powers herein conferred to any Director, Managing Director, Chief Financial Officer, Company Secretary or any other officer / authorized representative of the Company, without being required to seek further consent from the members and that the members shall be deemed to have accorded their consent thereto expressly by the authority of this resolution. RESOLVED FURTHER THAT all actions taken by the board in connection with any matter referred to or contemplated in this resolution, be and is hereby approved, ratified and confirmed in all respect and for the purpose of giving effect to this resolution, any director(s) or KMP be and is hereby authorised to do all such acts, deeds, matters and things as it may in its absolute discretion deem necessary, proper, or desirable fit and to settle any question, difficulty, doubt that may arise in this regard. By Order of the Board of Directors ” For Paramount Cosmetics (India) Limited Sd/- Hiitesh Topiiwaalla Managing Director DIN: 01603345 Corporate Office: 902-904, 9th Floor Prestige Meridian-1, 29, M. G. Road Bangalore - 560 001 Date: 01.09.2026 Place: Bangalore Paramount Cosmetics (India) Limited Annual Report 2025-26 NOTES 1. In view of disruptions caused by COVID-19 pandemic, the Ministry of Corporate Affairs (MCA) has, vide General Circular No. 14/2020 dated April 8, 2020, General Circular No. 17/2020 dated April 13, 2020, General Circular No. 20/2020 dated May 5, 2020, General Circular No. 02/2021 dated January 13, 2021, General Circular No. 02/2022 dated May 5, 2022, General Circular No. 10/2022 dated December 28, 2022 and General Circular No. 03/2025 dated 22.09.2025 (collectively MCA Circulars ), permitted Companies to conduct Annual General Meeting (AGM) through Video Conferencing (VC) or Other Audio Visual Means (OAVM) until further orders, subject to compliance with various c“onditions ment”ioned therein, without the physical presence of the Members at a common venue. Similarly, SEBI vide Circular No. 79 dated May 12, 2020, Circular No. 11 dated January 15, 2021, Circular No. 62 dated May 13, 2022, and Circular No. 4 dated January 5, 2023 granted certain relaxations pertaining to dispatch of hard copies of Annual Reports and Proxy Forms to listed entities who conduct their AGM through electronic mode till September 30, 2023. Further, MCA vide General Circular No. 9/2023 dated September 25, 2023, extended the option to conduct the AGM through VC till September 30, 2024. Similarly, SEBI vide Circular No. SEBI/HO/CFD/CFD-PoD- 2/P/CIR/2023/167 dated October 7, 2023 extended the relaxations pertaining [Showing first 8,000 characters — download PDF for full document]