Paramount Cosmetics India Ltd (507970)

Paramount Cosmetics India Ltd's board has approved raising funds via a Rights Issue of equity shares (face value ₹10 each) for an aggregate amount not exceeding ₹72 crore. This proposed fundraise is massive compared to the company's existing scale, representing approximately 10.3x its current market capitalization of ₹7 crore and over 3.5x its TTM revenue of ₹20 crore. The detailed terms, issue price, ratio, and record date will be determined subsequently by the newly authorized 'Right Issue Committee'.

• Board approved a Rights Issue of equity shares up to ₹72 crore
• Shares to have a face value of ₹10/- each
• Authorized 'Right Issue Committee' to finalize terms, issue ratio, and record date
• Fundraise represents ~1,028% of current market cap (₹7 Cr) and ~360% of TTM revenue (₹20 Cr)

Paramount Cosmetics India Ltd has scheduled a Board of Directors meeting on October 12, 2026, to consider and evaluate various fundraising proposals. The options under consideration include Qualified Institutions Placement (QIP), private placement, preferential issue, rights issue, or other permissible modes. Given the company's micro-cap size of Rs 7 crore market capitalization and TTM revenue of Rs 20 crore, any substantial fundraise could lead to significant equity dilution or balance sheet changes. The proposal remains subject to Board, Audit Committee, shareholder, and regulatory approvals.

• Board meeting scheduled for Monday, October 12, 2026, at 03:00 PM IST
• Meeting to evaluate fundraising via QIP, private placement, preferential issue, rights issue, or other modes
• Current market capitalization stands at approximately Rs 7 crore with TTM revenue of Rs 20 crore
• Fundraising mode, size, and instrument pricing will be determined subject to statutory and shareholder approvals

Paramount Cosmetics India Ltd has issued an Extraordinary General Meeting (EGM) notice scheduled for October 29, 2026. The company is seeking shareholder approval to increase its Authorized Share Capital from Rs 5.00 crore to Rs 39.00 crore (divided into 3.90 crore equity shares of Rs 10 each). This represents a nearly eight-fold expansion in authorized headroom relative to its current market cap of Rs 7 crore and net worth of Rs 20 crore. Remote e-voting is set between October 26 and October 28, 2026, with the cut-off date on October 23, 2026.

• Authorized Share Capital proposed to increase from Rs 5,00,00,000 to Rs 39,00,00,000
• Number of equity shares authorized will expand from 50,00,000 to 3,90,00,000 of face value Rs 10 each
• EGM to be held via Video Conferencing on Thursday, October 29, 2026 at 03:00 PM IST
• Remote e-voting window opens on October 26, 2026 (09:00 AM) and closes on October 28, 2026 (05:00 PM)
• Cut-off date for voting entitlement is Friday, October 23, 2026

Paramount Cosmetics India Ltd's Board has approved an increase in its authorized share capital from Rs 5.00 crore to Rs 39.00 crore, divided into 3.90 crore equity shares of Rs 10 each. This nearly eightfold increase in authorized capital requires shareholder approval at an upcoming Extra Ordinary General Meeting (EGM). For a company with a current market cap of Rs 7 crore and annual revenue of ~Rs 20-21 crore, this headroom creation strongly indicates a potential upcoming equity fundraise, preferential issue, or corporate restructuring. The company has not yet detailed specific capital deployment or fundraise instruments.

• Board approved increasing authorized share capital from Rs 5,00,00,000 to Rs 39,00,00,000
• Number of authorized equity shares expands from 50,00,000 to 3,90,00,000 of face value Rs 10 each
• Proposed authorized capital of Rs 39 crore is significantly larger than current market cap of Rs 7 crore
• Consequent alteration of the Memorandum of Association (MOA) subject to EGM approval

Paramount Cosmetics India Ltd announced that its Board of Directors has approved a substantial increase in authorized share capital from Rs 5.00 crore to Rs 39.00 crore, divided into 3.90 crore equity shares of Rs 10 each. The proposed change entails an alteration to the company's Memorandum of Association and is subject to shareholder approval. The company will hold an Extra Ordinary General Meeting on October 29, 2026, via video conferencing to seek shareholder consent. Such a major headroom expansion—nearly 5.5x the company's current market cap of Rs 7 crore—typically signals preparation for a future equity fundraise, preferential allotment, or restructuring.

• Board approved increasing authorized share capital from Rs 5,00,00,000 to Rs 39,00,00,000
• Total authorized equity shares to expand from 50,00,000 to 3,90,00,000 shares of Rs 10 each
• EGM convened for Thursday, October 29, 2026, to approve the increase and MOA alteration
• Appointed CDSL for remote e-voting and CS Abhishek Chhajed as scrutinizer

Paramount Cosmetics reported a net profit of ₹0.12 Cr for Q1 FY27, a recovery from a loss of ₹0.06 Cr in the year-ago period, despite a 28% decline in revenue to ₹3.36 Cr. The board has proposed a massive material related party transaction (RPT) with Paramount Kum Kum Pvt Ltd for up to ₹50 Cr annually starting FY 2027-28. This proposed RPT is approximately 2.38x the company's current TTM revenue of ₹21 Cr. Additionally, the company executed a deed of conveyance for a property sale in Valsad to the same related party.

• Revenue from operations fell 28.2% YoY to ₹3.36 Cr from ₹4.68 Cr in June 2025.
• Net profit turned positive at ₹0.12 Cr for the quarter, compared to a loss of ₹0.06 Cr in the previous year's corresponding quarter.
• Proposed a material RPT for sale/purchase of goods worth ₹50 Cr per year for 5 years starting FY 2027-28.
• The proposed annual RPT value (₹50 Cr) represents ~238% of the company's current TTM revenue of ₹21 Cr.
• Approved a property sale in Umarsadi, Valsad to promoter-group entity Paramount Kum Kum Private Limited.

Paramount Cosmetics reported a Q1 FY27 net profit of Rs 0.12 Cr, recovering from a loss of Rs 0.06 Cr in the same quarter last year, despite a 28% YoY decline in revenue to Rs 3.36 Cr. The board has proposed a massive related party transaction (RPT) with Paramount Kum Kum Pvt Ltd for up to Rs 50 Cr annually for five years starting FY 2027-28. This proposed annual RPT value is approximately 2.38x the company's current TTM revenue of Rs 21 Cr. The company also noted a property sale in Valsad to the same promoter-linked entity.

• Q1 FY27 Revenue from operations stood at Rs 3.36 Cr compared to Rs 4.68 Cr in Jun 2025.
• Net Profit for the quarter reached Rs 0.12 Cr, up from a loss of Rs 0.06 Cr in the year-ago period.
• Proposed Related Party Transaction of Rs 50 Cr per year for 5 years starting FY 2027-28.
• The RPT value represents ~238% of the current TTM revenue of Rs 21 Cr.
• Deed of Conveyance executed for sale of property in Umarsadi, Valsad to Paramount Kum Kum Pvt Ltd.

Paramount Cosmetics India Ltd has finalized the sale of its property located at Umarsadi, Pardi District, Valsad, through a Deed of Conveyance dated August 6, 2026. The transaction was executed with Paramount Kum Kum Private Limited, a related party, following shareholder approval obtained in February 2026. While the transaction value was not disclosed in this filing, the company's small scale (Market Cap Rs 18 Cr, TTM Revenue Rs 21 Cr) makes any asset disposal potentially material to its balance sheet. All formalities were completed by August 7, 2026, and noted by the Board on August 12, 2026.

• Deed of Conveyance signed on August 6, 2026, for the sale of the Valsad property.
• Transaction formalities were fully completed by August 7, 2026.
• Shareholders previously approved the transaction via a Special Resolution on February 13, 2026.
• The buyer is Paramount Kum Kum Private Limited, indicating a related-party transaction.
• The Board of Directors officially noted the completion of the sale on August 12, 2026.