Paramount Cosmetics (India) Limited has disclosed the completion of a property sale transaction involving its factory at Shoolagiri. During the quarter, the company entered into a Sale Agreement and handed over possession of the land and building comprising the Company's factory at Shoolagiri to the buyer.
The company had previously received an advance payment towards the proposed sale of this property and made appropriate disclosures to the Stock Exchange on February 13, 2026, regarding this transaction. The transaction was duly approved by the shareholders of the Company at an Extraordinary General Meeting (EGM) held on February 13, 2026.
The buyer is currently in the process of completing the registration and other related formalities for the transfer and registration of the property in its name. The financial impact of the transaction was not quantified in this disclosure.
This regulatory filing was made belatedly due to an inadvertent oversight. The company regrets the delay and affirms its commitment to timely compliance with SEBI (LODR) Regulations going forward. The disclosure was made under the guidelines for materiality referred under sub-regulation (4) of regulation (30) of Part-B of Schedule-III.