Paramount Cosmetics (India) Ltd Directors Report

Your Directors have the pleasure of presenting the 40 ^th Annual Report of your Company, together with the business operations for the year ended 31^st March, 2025.

1. FINANCIAL RESULTS:

Your Companys performance during the year as compared with that during the previous year is summarized below:

(Figures in Rs. lakhs)

Particulars	Year ended 31.03.2025	Year ended 31.03.2024
Sales and other Income	2161.02	2,389.13
Profit before Depreciation, Interest, Exceptional Items	221.49	250.71
Depreciation	54.99	67.21
Interest and Finance Charges	159.98	173.63
Profit before Tax	6.52	9.88
Tax Expenses	3.51	7.74
Net Profit/Loss	3.00	2.14
Other Comprehensive Income	2.20	6.75

2. INDIAN ACCOUNTING STANDARDS:

The financial statements for the financial year 2024-25 have been prepared in accordance with the applicable Indian Accounting Standards (IND AS), and the corresponding figures for the previous year have been restated as per IND AS for the purpose of comparison.

3. PERFORMANCE DURING THE YEAR:

Sales and other income of the Company for the year is Rs. 2161.02 lakhs as compared to Rs. 2389.13 lakhs in the previous year. The Company has incurred a profit after tax amounting to Rs. 3.00 lakhs in comparison to Rs. 2.14 lakhs last year.

4. CHANGE IN THE NATURE OF BUSINESS:

There has been no change in the nature of the business of the Company during the financial year 2024-25.

5. DIVIDEND:

The Board of Directors has decided to conserve the profit and has decided not to propose any dividend on Equity shares this financial year.

6. SHARE CAPITAL:

The paid-up Equity Share Capital as on March 31, 2025, stood at Rs. 485.50 Lakhs. During the year under review, the Company has not issued shares with differential voting rights nor has it granted any stock options or sweat equity. As of March 31, 2025, none of the Directors of the Company hold instruments convertible into equity shares of the Company.

7. DEPOSITS:

The Company has not invited/accepted/renewed any deposits from the public as defined under the provisions of the Companies Act, 2013, and Companies (Acceptance of Deposits) Rules, 2014, and accordingly, there were no deposits which were due for repayment on or before 31st March, 2025.

8. RESERVES:

The Directors do not propose to transfer any amount to the General Reserve.

9. MATERIAL CHANGES AND COMMITMENTS:

There have been no material changes and commitments affecting financial position between the end of the financial year and the date of the report.

10. ANNUAL RETURN:

In terms of provisions of Section 92(3), 134(3)(a) of the Act read with Rule 12 of the Companies (Management and Administration) Rules, 2014, the Annual Return in Form MGT-7 for the financial year ended 31^st March 2025 is placed on the website of the Company and can be accessed at https://www.parammount.com/.

11. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

The composition of the Board and Key Managerial Personnel is as follows on 31.03.2024:

SI. No. Name	Designation	DIN
1. Mr. Hiitesh Topiiwaalla	Managing Director	01603345
2. Mrs. Aartii T opiwala	Non Executive and Non Independent Director	03487105
3. Mr. Mukesh Kumar Tyagi*	Non-Executive - Independent Director	01649644
4. Mr. Vishwaskumar Sharma	Non-Executive - Independent Director	06716653

*appointed w.e.f. 21^st May 2024

Changes in the Board Composition and Key Managerial Persons During the year 2024-25:

Mrs. Aartii Topiwala, non-executive director of the Company, is liable to retire by rotation in the ensuing AGM and is eligible for re-appointment and has tendered his willingness to be reappointed.

During the FY 2024-25, Mr. Mukesh Kumar Tyagi (DIN: 01649644), was appointed by the Board of Directors, pursuant to the recommendation of Nomination and Remuneration Committee, as an Additional Director of the Company under the category of Independent Director, with effect from 21^st May, 2024, by passing a resolution through circulation and further Mr. Mukesh Kumar Tyagi (DIN: 01649644) was regularized at the 39^th Annual General Meeting of the Company held on 25^th September 2024, as an Independent Director to hold office for a term up to 5 consecutive years.

L2. BOARD MEETINGS:

The Meetings of the Board are held at regular intervals with a time gap of not more than 120 days between two consecutive Meetings. Additional Meetings of the Board of Directors are held when necessary.

The Agenda of the Meeting is circulated to the Directors in advance. Minutes of the Meetings of the Board of Directors are circulated amongst the Members of the Board for their perusal.

The Board of Directors duly met five (5) times during the financial year:

1) 23.05.2024

2) 13.08.2024

3) 12.11.2024

4) 11.02.2025

5) 27.03.2025

13. BOARD COMMITTEES:

Currently, the Board has three (3) Committees, viz. Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. A detailed note on the composition of Committees and other related particulars are provided in the Report on Corporate Governance forming part of this Report.

As of 31^st March 2025, the Committees were comprised as follows:

AUDIT COMMITTEE:
a) Mukesh Kumar Tyagi*	- Chairman
b) Vishwaskumar Sharma	- Member
c) Hiitesh Topiiwaalla	- Member
NOMINATION AND REMUNERATION COMMITTEE:
a) Mukesh Kumar Tyagi*	- Chairman
b) Vishwaskumar Sharma	- Member
c) Aartii Topiwaala	- Member
STAKEHOLDERS RELATIONSHIP COMMITTEE:
a) Aartii Topiwaala	- Chairperson
b) Vishwaskumar Sharma	- Member
c) Hiitesh Topiiwaalla	- Member

*appointed w.e.f 21^st May 2024

14. INDEPENDENT DIRECTORS:

As required by the Companies (Appointment and Qualification of Directors) Fifth Amendment Rules, 2019 and the Companies (Creation and Maintenance of databank of Independent Directors) Rules, 2019, Mr. Mukesh Kumar Tyagi and Mr. Vishwaskumar Sharma have registered their names in the data bank of Independent Directors maintained by Indian Institute of Corporate Affairs. Annual Declarations received from both of them for the year 2024-25 contain affirmations regarding registrations in the data bank.

The Board has its opinion with regard to the integrity, expertise, and experience (including proficiency) of the Independent Directors appointed during the year as per the provisions of Companies (Accounts) Rules, 2014.

Securities and Exchange Board of India (Listing Regulations and Disclosure Requirements) Regulations, 2018 ("the Listing Regulations") have changed the evaluation criteria of Independent Directors from April 1, 2019. As per the amendment, evaluation of Independent Directors by the entire Board shall include:

a) Performance of Directors and

b) Fulfilment of independence criteria as specified in the Listing Regulations, and their independence from the management.

The Board has evaluated the Independent Directors and confirms that Mr. Mukesh Kumar Tyagi and Mr. Vishwaskumar Sharma fulfilled the independence criteria as specified in the Listing Regulations and their independence from the management.

The Company has received a necessary declaration from each Independent Director under Section 149(7) of the Companies Act, 2013, that they meet the criteria of Independence laid down in Section 149(6) of the Companies Act, 2013 and Regulation 25 of the Listing Regulations. The same forms part of this report as Annexure I.

Details in terms of appointment of Independent Directors and the familiarization program have been displayed on the website of the Company at https://www.parammount.com/policies

15. DIRECTORS RESPONSIBILITY STATEMENT:

The Directors confirm that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed along with a proper explanation relating to material departures, if any;

b) they have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent, so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profits of the Company for that period;

c) they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) they have prepared the annual accounts on a going concern basis;

e) they have laid down internal financial controls for the Company and such internal financial controls are adequate and operating effectively; and

f) they have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

16. NOMINATION AND REMUNERATION POLICY:

The Board has, on the recommendation of the Nomination and Remuneration Committee, framed a Policy for the selection and appointment of Directors, Senior Management, and for other employees and their remuneration. The same has been disclosed on the website of the Company at https://www.parammount.com/policies.

The Composition, criteria for selection of Directors, and the terms of reference of the Nomination and Remuneration Committee are stated in the Corporate Governance Report.

17. RISK MANAGEMENT POLICY:

The Company has not yet formulated a Risk Management Policy and has in place a mechanism to inform the Board/Audit Committee Members about risk assessment and minimization procedures, and undertakes periodical review to ensure that executive management controls risk by means of a properly designed framework.

18. VIGIL MECHANISM/ WHISTLE BLOWER POLICY:

The Company has established an effective Vigil Mechanism pursuant to the provisions of Sections 177(9) and (10) of the Companies Act, 2013 and as per Regulation 4(2)(d)(iv) of the Listing Regulations which is available on website of the Company at https://www.parammount.com/policies and there were no cases reported during the period under review.

19. PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN OR SECURITY PROVIDED BY THE COMPANY:

During the year under review, the Company has not given any loans or guarantees or made any investments that are covered under the provisions of Section 186 of the Companies Act, 2013.

20. AUDITORS AND AUDITORS REPORT:

M/s. Sharma & Pagaria (Firm Registration No. 008217S), Chartered Accountants, were appointed as Statutory Auditors of the Company at the 39th Annual General Meeting (AGM) of the Company, to hold office for a period of 5 consecutive years, until the conclusion of the 44th Annual General Meeting at a fee upto Rs. 8,00,000/- plus taxes as applicable, and also reimbursement of actual travel and out of pocket expenses incurred incidental to their functions and fixation of remuneration for the relevant period by the Board of Directors in recommendation of the Audit Committee in each of the subsequent years during the aforesaid term of their appointment.

The Auditors have confirmed that they are not disqualified from continuing as Auditors of the Company.

In accordance with the Companies Amendment Act, 2017, enforced on 7th May, 2018 by the Ministry of Corporate Affairs, the appointment of Statutory Auditors is not required to be ratified at every Annual General Meeting.

QUALIFICATIONS IN THE AUDIT REPORT

The Notes on financial statement referred to in the Auditors Report are self-explanatory and do not call for any further comments. The Auditors Report does not contain any qualification, reservation, or adverse remark.

During the year under review, no fraud was reported by the Auditors, pursuant to Section 143(12) of the Companies Act, 2013.

21.COST AUDITOR:

The provision of section 148 of the Companies Act, 2013, read with Rule 14 of the Companies (Audit & Auditors) Rules, 2014, is not applicable to the Company.

Further, maintenance of cost records as specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013, is not required by the Company, and accordingly, such accounts and records are not made and maintained.

22.INTERNAL AUDITOR:

The Company has appointed Mr. Venkatesh P A, Chartered Accountant, as the Internal Auditor of the Company.

23. SECRETARIAL STANDARD OF ICSI:

The Directors state that the applicable Secretarial Standards, i.e., SS-1 and SS-2, issued by the Institute of Company Secretaries of India, relating to the Meeting of the Board of Directors and General Meetings, respectively, have been duly complied with.

24.SECRETARIAL AUDIT REPORT:

Pursuant to provisions of Section 204 of the Companies Act, 2013 and rules made thereunder, the Company has appointed M/s Brajesh Gupta & Co., a firm of Company Secretaries in practice (COP No. 21306) to undertake the Secretarial Audit of the Company. The Secretarial Audit Report is included as Annexure II form part of this Annual Report.

The Comments by the board on every qualification, reservation, or adverse remark of the Secretarial Audit Report are as follows:

Sl. No.	Comments by Secretarial Auditor	Reply by the Board
1	• The Company failed to file e-form IEPF- 2 Pursuant to rule 5(8) and 7(2B) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, e- form IEPF-05 pursuant to Section 125	The said delay was due to the connectivity issue.
	(3) of the Companies Act, 2013, e-form DIR-12 under section 117 of the Companies Act, 2013 for the F.Y. 202425 within prescribed time

Annual Secretarial Compliance Report

Pursuant to the provisions of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements), 2015 (as amended), read with SEBI Circulars and BSE Circular and notices issued thereunder regarding submission of Annual Secretarial Compliances Report. In this connection, it was confirmed that as per the Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the corporate governance provisions as specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V shall not apply to any Company having paid up equity share capital not exceeding rupees ten crore and net worth not exceeding rupees twenty five crore as on last day of the previous financial year. Hence, it is not required to submit the Annual Secretarial Compliance Report for the Financial Year ending March 31, 2024, as our Company is exempted under Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

25. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO:

(A)Conservation of energy:

Steps taken / impact on conservation of energy,	The Company is into selling and distribution activities without any manufacturing business. However, the Company has introduced various measures to conserve and minimize the use of energy wherever it is possible.
(i) Steps taken by the company for utilizing alternate sources of energy including waste generated	Nil
(ii) Capital investment on energy conservation equipment	Not Applicable
Total energy consumption and energy consumption per unit of production as per Form A	Not Applicable

(B)Technology absorption:

Efforts in brief, made towards technology absorption, adaptation and innovation	Nil
Benefits derived as a result of the above efforts, e.g. product improvement, cost reduction, product development, import substitution, etc.	Not Applicable
In case of imported technology (imported during the last 5 years reckoned from the beginning of the financial year), following information may be furnished:	Nil
Technology imported	Not Applicable
Year of Import	Not Applicable
Has technology been fully absorbed	Not Applicable
If not fully absorbed, areas where this has	Not Applicable
not taken place, reasons therefore and
future plan of action

(C) Research and Development (R&D)

Specific areas in which R & D carried out by the company	The Company is into selling and distribution activities without any manufacturing business, and hence, there was no scope for expenditure in respect of Research & Development.
Benefits derived as a result of the above R & D	Not Applicable
Future plan of action	Not Applicable
Expenditure on R & D
(a) Capital	Nil
(b) Recurring	Nil
(c) Total	Nil
(d) Total R&D expenditure as a percentage of total turnover	Nil

(D)Foreign exchange earnings and Outgo

Activities relating to exports	Company had no export activities during the year
Initiatives taken to increase exports	We are putting continuous effort to increase exports and recapture of Export market.
Development of new export markets for products and services	Efforts are on to develop new Export market.
Export plans	Efforts are on to develop new Export market.
Total Exchange used (Cash basis)	As on 31st March, 2025: Rs. 1,07,92,547/-
Total Foreign Exchange Earned (Accrual Basis)	As on 31st March, 2025: Nil

26. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company continued to maintain high standards of internal control designed to provide adequate assurance on the efficiency of operations and security of its assets. The adequacy and effectiveness of the internal control across various activities, as well as compliance with laid- down systems and policies, are comprehensively and frequently monitored by your Companys management at all levels of the organization. The Audit Committee, which met five times a year, actively reviews internal control systems as well as financial disclosures with adequate participation, inputs from the Statutory, Internal, and Corporate Secretarial Auditors.

The Directors have laid down internal financial controls to be followed by the Company and such policies and procedures adopted by the Company for ensuring the orderly and efficient conduct of its business, including adherence to Companys policies, safeguarding of its assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records, and the timely preparation of reliable financial information.

27. MATERIAL ORDER PASSED BY ANY COURT OR REGULATOR, OR TRIBUNAL IMPACTING THE GOING CONCERN STATUS OF THE COMPANY:

No order was passed by any court or tribunal during the period under review which impacts going concern status of the Company.

28. ANNUAL BOARD EVALUATION:

Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, the Board has carried out an annual evaluation of its own performance, Board Committees, and individual Directors. The manner in which the evaluation has been carried out has been explained in the Corporate

Governance Report.

29. DETAILS OF HOLDING COMPANY/SUBSIDIARIES/IV:

The Company does not have any holding companies/ subsidiaries or joint ventures. Hence, the necessity to provide such details is not required.

30. RELATED PARTY TRANSACTIONS (RPTs):

All Related Party Transactions are placed before the Audit Committee as also the Board for approval. Prior omnibus approval of the Audit Committee is obtained for the transactions that are of a foreseen and repetitive nature. The transactions entered into pursuant to the omnibus approval so granted are audited, and a statement giving details of all related party transactions is placed before the Audit Committee and the Board of Directors for their approval.

The members of the Company may recall that the prior approval for all the material related party transactions upto 2026-27 was obtained in the 37^th Annual General Meeting (AGM) pursuant to the provisions of Section 188 and all other applicable provisions of the Companies Act 2013. Since, the Company is eligible to exemption from complying with Regulation 23 of SEBI (LODR), 2015, it is not required for the Company to propose the related party transaction for the current financial year 202425 again to the shareholder for their approval in this AGM.

The Policy on Related Party Transactions, as approved by the Board, is uploaded on the Companys website. Web link for the same is https://www.parammount.com/policies. Particulars of Contracts or Arrangements with Related parties referred to in Section 188(1) of the Companies Act, 2013, in Form AOC- 2 annexed to this Report as Annexure - III.

31. CORPORATE SOCIAL RESPONSIBILITY:

Since the Company does not meet the criteria for the applicability of Section 135 of the Companies Act,2013, read with the Companies (Accounts) Rules, 2015, the same is not applicable.

32. RATIO OF REMUNERATION TO EACH DIRECTOR:

Pursuant to Section 197(12) of the Companies Act, 2013 and Rule 5(1)(2)(3) of the Companies (Appointment and Remuneration) Rules, 2014, details/ disclosures of Ratio of Remuneration to each Director to the median employees remuneration is annexed to this report as Annexure-IV.

33. LISTING WITH THE STOCK EXCHANGE:

The Company confirms that it has paid the Annual Listing fees for the Financial Year 2025-26 to BSE Limited, where the Companys Shares are listed.

34. CORPORATE GOVERNANCE AND SHAREHOLDERS INFORMATION:

A separate Report on Corporate Governance in terms of Regulation 34 of the Listing Regulations, along with a Certificate from a Practicing Company Secretary regarding compliance to the conditions stipulated under Chapter IV of the Listing Regulations, is attached to this report as Annexure V.

Pursuant to the provisions of Regulation 15(2) of SEBI (LODR) Regulations, 2015, Compliance with Corporate Governance provisions as specified in the Regulations 17 to 27 and clause (b) to (i) of Regulation 46(2) and Para C, D and E of Schedule V shall not apply to listed entities having Paid-up Equity Share Capital not exceeding Rs.10 Crores and Net Worth not exceeding Rs. 25 Crores as on the last date of previous financial year.

Based on the above-mentioned provisions, the Company falls below the specified limits and hence, the requirement of reporting on the compliance with Corporate Governance for the financial year 2025-26 shall not be applicable.

35. CAPITAL EXPENDITURE:

As on 31st March, 2025, the gross tangible and intangible assets stood at Rs. 24,55,84,629/- and the net tangible and intangible assets stood at Rs. 14,23,50,235/-respectively. Additions during the financial year amounted to Rs. 15,000/-. The Company has not purchased any assets under lease.

36. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION AND REDRESSAL) ACT, 2013:

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. The Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this Policy.

The following is a summary of sexual harassment complaints received and disposed off during the Financial Year 2024-25:

No. of complaints of sexual harassment received in the year: NIL No. of complaints disposed off during the year: NIL No. of cases pending for more than ninety days: Nil

37. MANAGEMENT DISCUSSION AND ANALYSIS:

Managements Discussion and Analysis Report for the year under review, as stipulated under The SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015, is presented in a separate section forming part of the Annual Report.

38. DISCLOSURE REQUIREMENTS:

As per the Listing Regulations, the Management Discussion and Analysis forms part of this report. The Company has devised proper systems to ensure compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India from time to time and that such systems are adequate and operating effectively.

39. MEETING OF INDEPENDENT DIRECTORS:

The Independent Directors of the Company had met on 11^th February 2025 during the year to review the performance of Non-Independent Directors and the Board as a whole, to review the performance of the Non-Executive Directors and other items as stipulated under the Listing Regulations. The Independent Directors have also declared their independence.

40. RECEIPT OF ANY COMMISSION BY MD / WTD FROM A COMPANY OR FOR RECEIPT OF COMMISSION / REMUNERATION FROM ITS HOLDING OR SUBSIDIARY:

No Director has received any commission from your Company.

41 .DISCLOSURE RELATING TO REMUNERATION OF EMPLOYEES:

There are no employees receiving remuneration more than Rs. 1,02,00,000/- (Rupees One Crore Two Lakhs only) per annum and /or Rs. 8,50,000/- (Rupees Eight Lakhs Fifty Thousand only) per month. Therefore, a statement/disclosure pursuant to Sub Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not required.

There are no employees posted and working in a country outside India, not being Directors or relatives, drawing more than Rs. 60,00,000/- (Rupees Sixty Lakhs only) per financial year or Rs. 5,00,000/- (Rupees Five Lakhs only) per month as the case may be. Therefore statement/disclosure pursuant to Sub Rule 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not required to be circulated to the members and is not attached to the Annual Report.

42.INVESTORS EDUCATION AND PROTECTION FUND:

In terms of the provisions of Sections 124 and 125 of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund)

Rules, 2016, the Company is required to transfer the unpaid or unclaimed dividend and corresponding shares, if any, to the Investor Education and Protection Fund (IEPF) after the completion of seven years.

During the year under review, the Company has not declared any dividend in the last seven financial years. Accordingly, no amount or shares are liable to be transferred to the IEPF during the financial year.

43. REPORTING OF FRAUD:

The Auditors of the Company have not reported any fraud as specified under Section 143(12) of the Companies Act, 2013. Further, no case of Fraud has been reported to the Management from any other sources.

44. REVISION OF FINANCIAL STATEMENT OR THE REPORT:

As per the Secretarial Standards-4 in case the company has revised its financial statement or the Report in respect of any of the three preceding financial years either voluntarily or pursuant to the order of a judicial authority, the detailed reasons for such revision shall be disclosed in the Report of the year as well as in the Report of the relevant financial year in which such revision is made.

In your Company, there is no revision of the Financial Statement in any of the three preceding financial years under consideration.

45. CORPORATE INSOLVENCY RESOLUTION PROCESS INITIATED UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (IBC):

There is no such process initiated during the year, therefore said clause is not applicable to the Company.

46. FAILURE TO IMPLEMENT ANY CORPORATE ACTION:

There were no such events that took place during the year under consideration.

47. CREDIT RATING OF SECURITIES:

Your Company has not obtained any rating from the credit rating agency for the securities during the year. Therefore, the said clause is not applicable to the Company.

48. DISCLOSURE UNDER RULE 2(1)(C)(VIIn OF THE COMPANIES (ACCEPTANCE OF DEPOSITS) RULES, 2014:

During the year under review, the Company has received an amount of T7,00,000 (Rupees Seven Lakhs only) as an unsecured loan from its Managing Director, Mr. Hiitesh Topiiwaalla (DIN: 01603345). The said loan has been provided out of the directors own funds and not out of borrowed funds. Accordingly, the loan is classified as an exempted deposit in terms of Rule 2(1)(c)(viii) of the Companies (Acceptance of Deposits) Rules, 2014.

49. A STATEMENT BY THE COMPANY WITH RESPECT TO COMPLIANCE WITH THE PROVISIONS RELATING TO THE MATERNITY BENEFITS ACT, 1961:

The Company has duly complied with the provisions of the Maternity Benefit Act, 1961, as amended from time to time. All eligible women employees have been granted maternity leave and other benefits as prescribed under the Act. The Company remains committed to ensuring a safe, inclusive, and supportive working environment for women and adheres to all applicable provisions related to maternity leave.

50. THE DETAILS OF THE DIFFERENCE BETWEEN THE AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE-TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING A LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS, ALONG WITH THE REASONS THEREOF:

During Financial Year 2024-25, there was no instance of one-time settlement with Banks or Financial Institutions. Therefore, as per rule 8(5)(xii) of Companies (Accounts) Rules, 2014, reasons for the difference in the valuation at the time of one-time settlement and the valuation done while taking a loan from the Banks or Financial Institutions are not reported.

51. ACKNOWLEDGEMENTS:

Your Directors wish to take this opportunity to express their appreciation and gratitude for the continued support extended by its Customers, Investors, Partners, Vendors, Financial Institutions, Bankers, Suppliers and various Government and Statutory Authorities for the Companys growth.

Your Directors also express sincere appreciation for the commitment and dedicated services rendered by each employee of the Company at all levels.

For and on behalf of the Board of Directors
Paramount Cosmetics (India) Limited
Sd/-	Sd/-
Hiitesh Topiiwaalla	Aartii Topiwaala
Managing Director	Director
DIN:01603345	DIN:03487105
Place: Bangalore
Date: 14.08.2025