Paramount Cosmetics (India) Ltd — AGM Information 2021

Sep 3, 2021

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September 03, 2021

The Department of Corporate Services Bombay Stock Exchange Limited 1st Floor, P.J. Towers, Dalal Street Mumbai - 400001

Dear Sir/Madam,

Sub: Notice of 36[th] Annual General Meeting Ref: Script ID: PARMCOS-B Script Code: 507970

With reference to above subject, please find attached herewith the Notice of 36[th] Annual General Meeting of the Company scheduled to be held on Thursday, September 30, 2020 at 02.00 P.M. through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Kindly take the above on record.

Thanking you.

For PARAMOUNT COSMETICS (INDIA) LIMITED

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HIITESH TOPIIWAALLA MANAGING DIRECTOR DIN 01603345

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PARAMOUNT COSMETICS (INDIA) LIMITED CIN: L24240GJ1985PLC008282 Regd. Office: Plot No. 165/B-15 & 16, 2[nd] Phase G.I.D.C, Vapi, District Valsad, Gujarat - 396195 Corp. office: 902-904, 9th Floor, Prestige Meridian-1, 29 M.G. Road, Bangalore - 560001 Tel: 080-25320870 / 71 / 25327357Email : compliance.officer@parammount.com / website : www.parammount.com

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NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the Thirty Sixth Annual General Meeting (36[TH] ) of the Members of Paramount Cosmetics (India) Limited (“Company”) will be held on Thursday, September 30, 2021 at 02:00 PM through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”) facility to transact the following business:

ORDINARY BUSINESS:

1. To receive, consider and adopt the Audited Balance Sheet of the Company as at 31[st] March, 2021 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 Ms. Aartii Topiwaala (DIN – 03487105), who retires by rotating and being eligible, offers herself for re-appointment.

SPECIAL BUSINESS:

3. To re-appoint Mr. Hiitesh Topiiwaalla as Managing Director of the Company

To consider and if thought fit, to pass, with or without modification(s),the following resolution as Special Resolution:

“RESOLVED THAT pursuant to the provisions of Section 196, 197, 203 and any other applicable provisions of the Companies Act, 2013 and the rules framed there under (including any statutory modification(s) or re-enactment thereof for the time being in force), read with Schedule V to the Companies Act, 2013 and the Articles of Association of the Company, the consent of the Members of the Company be and is hereby accorded for the reappointment of Mr. Hittesh Topiiwaalla as Managing Director of the Company for a period of five years with effect from April 01, 2021 to March 31, 2026; on the remuneration and other terms and conditions, details of which are given in Explanatory Statement at Item No. 1 annexed hereto;

RESOLVED FURTHER THAT the Board of Directors of the Company or any committee thereof be and is hereby authorized to do all such acts, deeds and things as in its absolute discretion it may think necessary, expedient or desirable; to settle any question or doubt that may arise in relation thereto in order to give effect to the foregoing resolution.”

For Paramount Cosmetics (India) Limited

Hiitesh Topiiwaalla Managing Director DIN 01603345

Place: Bangalore Date: 03-09-2021

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NOTES

1. Due to Covid-19 pandemic, as the AGM is being held through video conferencing (VC)/ Other Audio Visual Means (OVAM), the requirement of attaching Proxy Form does not arise &the same is not attached. Thereby the members may not be able to appoint proxies on their behalf at the 36[th] AGM.

2. Corporate members intending to send their authorised representative to attend the Annual General Meeting (AGM) are requested to send Certified Copy of Resolution authorising their representative to attend and vote on their behalf at the AGM.

3. The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, 25[th] September 2021 to Thursday, 30[th ] September 2021 (both days inclusive), in terms of Section 91 of Companies Act, 2013 and Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015.

4. In accordance with the Companies Act, 2013, one-third of the directors who are liable to retire by rotation, if eligible, offer themselves for re-appointment at the AGM.

5. Members are requested to notify immediately of any change in their address to the Company’s Registrar and Share Transfer Agent. Members holding shares in electronic form are advised to notify any change in their address to the concerned depository participant.

6. Members are requested to send all correspondence concerning registration of transfers, transmissions, subdivision, consolidation of Shares or any other Share related matters and/or change in address, furnishing of details of their bank accounts or updation thereof, to Company’s Registrar - BgSE Financials Limited, Stock Exchange Towers, No. 51, 1st Cross, J. C. Road, Bangalore – 560027. Ph. No. 080 41329661. E-mail: rta_admin@bfsl.co.in or manager_rta@bfsl.co.in

7. Pursuant to Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended and Regulation 44 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015, the Company is pleased to provide the facility to Members to exercise their right to vote on the resolutions proposed to be passed at AGM by electronic means (e-voting & remote e-voting) .

8. The Members, whose names appear in the Register of Members / list of Beneficial Owners as on Thursday, 23[rd ] September 2021 i.e. the date prior to the commencement of book closure, are entitled to vote on the Resolutions set forth in this Notice.

9. Any person who becomes a member of the Company after dispatch of the Notice of the Meeting and holding shares as on Thursday, 23[rd] September 2021, may obtain the User ID and password by sending a request at helpdesk.evoting@cdslindia.com or compliance.officer@parammount.com.

10. The members may cast their votes on electronic voting system from place other than the venue of the meeting (remote e-voting). The remote e-voting period will commence at 9.00 a.m. on Monday, 27[th ] September 2021 and will end at 5.00 p.m. on Wednesday, 29[th ] September 2021. The e-voting module shall be disabled by CDSL for voting thereafter.

11. The facility for voting, through ballot paper, will not be made available at the AGM, as due to Covid-19 pandemic, the AGM will be held through VC/OAVM means and the members attending the AGM if not cast their votes by remote e-voting, may exercise their right and cast their votes through e-voting at the AGM. Members who have cast their votes by remote e-voting prior to the AGM may attend the AGM but shall not be entitled to cast their votes again. Further, the members may note that there are no such matters at this AGM which requires to be passed through Postal Ballot, thereby they may proceed with voting through e-voting / remote –evoting.

12. The Company has appointed M/s Bhavik Pandit, Chartered Accountants, Surat to act as the Scrutinizer, to scrutinize the entire e-voting process in a fair and transparent manner. The Members desiring to vote through remote e-voting are requested to refer to the detailed procedure given hereinafter.

The Members desiring to vote through electronic mode may refer to the detailed procedure on e-voting given hereinafter.

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PROCEDURE FOR E-VOTING / REMOTE E-VOTING CDSL e-Voting System – Remote & Venue Voting Facility.

1. Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs dated April 08, 2020, April 13, 2020, May 05, 2020 and January13, 2021 the Company is providing facility of remote e-voting to its Members in respect of the business to be transacted at the EGM/AGM. For this purpose, the Company has entered into an agreement with Central Depository Services (India) Limited (CDSL) for facilitating voting through electronic means, as the authorized e-Voting’s agency. The facility of casting votes by a member using remote e-voting as well as venue voting system on the date of the EGM/AGM will be provided by CDSL.

2. In view of the massive outbreak of the COVID-19 pandemic, social distancing is a norm to be followed and pursuant to the Circular No. 14/2020 dated April 08, 2020, Circular No.17/2020 dated April 13, 2020 issued by the Ministry of Corporate Affairs followed by Circular No. 20/2020 dated May 05, 2020 and Circular No. 02/2021 dated January 13, 2021, physical attendance of the Members to the EGM/AGM venue is not required and annual general meeting (AGM) be held through video conferencing (VC) or other audio visual means (OAVM). Hence, Members can attend and participate in the ensuing EGM/AGM through VC/OAVM.

3. Pursuant to the Circular No. 14/2020 dated April 08, 2020, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the members is not available for this EGM/AGM. However, the Body Corporates are entitled to appoint authorised representatives to attend the EGM/AGM through VC/OAVM and participate thereat and cast their votes through e-voting.

4. The Members can join the EGM/AGM in the VC/OAVM mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the EGM/AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the EGM/AGM without restriction on account of first come first served basis.

5. The attendance of the Members attending the EGM/AGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

6. Process for those shareholders whose email ids are not registered:

7. a) For Physical shareholders- please provide necessary details like Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) by email to Company/RTA email id .

8. b) For Demat shareholders -, please provide Demat account details (CDSL-16 digit beneficiary ID or NSDL-16 digit DPID + CLID), Name, client master or copy of Consolidated Account statement, PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) to Company/RTA email id .

THE INSTRUCTIONS FOR SHAREHOLDRES FOR REMOTE VOTING ARE AS UNDER:

• (i) The voting period begins on September 27, 2021 (09.00 A.M.) and ends on September 29, 2021 (05.00 P.M.). During this period shareholders’ of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date (record date) of September 23, 2021 may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.

• (ii) Shareholders who have already voted prior to the meeting date would not be entitled to vote at the meeting venue.

• (iii) The shareholders should log on to the e-voting website www.evotingindia.com.

• (iv) Click on Shareholders.

• (v) Now Enter your User ID

• a. For CDSL: 16 digits beneficiary ID,

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b.	For NSDL: 8 Character DP ID followed by 8 Digits Client ID,
c.	Members holding shares in Physical Form should enter Folio Number registered with the Company.
(vi)	Next enter the Image Verification as displayed and Click on Login.
(vii)	If you are holding shares in demat form and had logged on towww.evotingindia.com and voted on an earlier voting
	of any company, then your existing password is to be used.
(viii)	Ifyou are a first time user follow the stepsgiven below:
	For Members holding shares in Demat Form and Physical Form
	PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department (Applicable
	for both demat shareholders as well as physical shareholders)
	● Members who have not updated their PAN with the Company/Depository
	Participant are requested to use the sequence number which is printed on Postal
	Ballot / Attendance Slipindicated in the PAN field.
	Dividend Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as recorded
	Bank Details in your demat account or in the company records in order to login.
	ORDate of ● If both the details are not recorded with the depository or company please enter
	Birth (DOB) the member id / folio number in the Dividend Bank details field as mentioned
	in instruction(v).
(ix)	After entering these details appropriately, click on “SUBMIT” tab.
(x)	Members holding shares in physical form will then directly reach the Company selection screen. However,
	members holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to
	mandatorily enter their login password in the new password field. Kindly note that this password is to be also used
	by the demat holders for voting for resolutions of any other company on which they are eligible to vote,	provided
	that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password
	with any other person and take utmost care to keep your password confidential.
(xi)	For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained
	in this Notice.
(xii)	Click on the EVSN for the relevant on which you choose to vote.
(xiii)	On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for
	voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and
	option NO implies that you dissent to the Resolution.
(xiv)	Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.
(xv)	After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation box will be
	displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and
	accordingly modify your vote.
(xvi)	Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.
(xvii)	You can also take a print of the votes cast by clicking on “Click here to print” option on the Voting page.
(xviii)	If a demat account holder has forgotten the login password, then Enter the User ID and the image verification code
	and click on Forgot Password & enter the details as prompted by the system.
(xix)	Shareholders can also cast their vote using CDSL’s mobile app m-Voting. The m-Voting app can be
	downloaded from Google Play Store. Apple and Windows phone users can download the app from	the App
	Store and the Windows Phone Store respectively. Please follow the instructions as prompted by the mobile
	app while voting on your mobile.

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THE INSTRUCTIONS FOR SHAREHOLDERS VOTING ON THE DAY OF THE EGM/AGM ON e-VOTING SYSTEM ARE AS UNDER: -

1. The procedure for e-Voting on the day of the EGM/AGM is same as the instructions mentioned above for Remote e-voting.

2. Only those Members/ shareholders, who will be present in the EGM/AGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system available in the EGM/AGM.

3. If any Votes are cast by the members through the e-voting available during the EGM/AGM and if the same members have not participated in the meeting through VC/OAVM facility , then the votes cast by such members shall be considered invalid as the facility of e-voting during the meeting is available only to the members participating in the meeting.

4. Members who have voted through Remote e-Voting will be eligible to attend the EGM/AGM. However, they will not be eligible to vote at the EGM/AGM.

INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE EGM/AGM THROUGH VC/OAVM ARE AS UNDER:

1. Member will be provided with a facility to attend the EGM/AGM through VC/OAVM through the CDSL e-Voting system. Members may access the same at https://www.evotingindia.com under shareholders/members login by using the remote e-voting credentials. The link for VC/OAVM will be available in shareholder/members login where the EVSN of Company will be displayed.

2. Members are encouraged to join the Meeting through Laptops for better experience.

3. Further Members will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.

4. Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.

5. Shareholders who would like to express their views/ask questions during the meeting may register themselves as a speaker may send their request 12 days prior to meeting (i.e., latest by September18, 2021) mentioning their name, demat account number/folio number, email id, mobile number at (compliance.officer@parammount.com).

6. Shareholders who would like to express their views/have questions may send their questions in advance 12 days prior to meeting(i.e., latest by September18, 2021) mentioning their name demat account number/folio number, email id, mobile number at (compliance.officer@parammount.com). The same will be replied by the company suitably.

7. Those shareholders who have registered themselves as a speaker will only be allowed to express their views/ask questions during the meeting.

8. (xx) Note for Non – Individual Shareholders and Custodians

9. Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporates.

10. A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to helpdesk.evoting@cdslindia.com.

11. After receiving the login details a Compliance User should be created using the admin login and password. The Compliance User would be able to link the account(s) for which they wish to vote on.

12. The list of accounts linked in the login should be mailed to helpdesk.evoting@cdslindia.com and on approval of the accounts they would be able to cast their vote.

13. A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

14. Alternatively, Non Individual shareholders are required to send the relevant Board Resolution/ Authority letter etc.

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together with attested specimen signature of the duly authorized signatory who are authorized to vote, to the Scrutinizer and to the Company, if voted from individual tab & not uploaded same in the CDSL e-voting system for the scrutinizer to verify the same.

In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com, under help section or write an email to helpdesk.evoting@cdslindia.com or call 1800225533.

All grievances connected with the facility for voting by electronic means may be addressed to Mr. Rakesh Dalvi, Manager, (CDSL, ) Central Depository Services (India) Limited, A Wing, 25th Floor, Marathon Futurex, Mafatlal Mill Compounds, N M Joshi Marg, Lower Parel (East), Mumbai - 400013 or send an email to helpdesk.evoting@cdslindia.com or call 1800225533.

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EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013 The following Statement sets out all material facts relating to the Special Business mentioned in the accompanying Notice: Item No 3: Re-appointment of Mr. Hiitesh Topiiwaalla as Managing Director of Company

Mr Hiitesh Topiiwaalla was appointed Managing Director and his term and approval of Central Government to pay remuneration in excess of amount specified in Schedule V of the Companies Act, 2013 expires on March 31, 2020.

The Board of Directors of the Company (the “Board”), at its meeting held on September 03, 2021 has, subject to the approval of the members, approved the appointment and revision in terms of remuneration to be paid to Mr. Hiitesh Topiiwaalla as Managing Director, for a period of Five years effective from April 01, 2021 to March 31, 2026 as recommended by the Nomination and Remuneration Committee. The Board further can decide from time to time on the remuneration paid to the Managing Director within the below prescribed and approved amounts, basis recommendation from Nomination & Remuneration Committee.

• A. BASIC SALARY: Rs. 2,26,00,000/- per annum

• B. PERQUISITES AND ALLOWANCES: Rs. 74,00,000/- per annum

• C. Commission – 5% of the net profit of the Company

D. OTHER BENEFITS:

• (i) Earned / privilege leave: As per the rules of the Company

(ii) Contribution to Provident Fund, Superannuation Fund or annuity fund as per the Company’s rules and applicable provisions of the relevant statues. Gratuity payable should not exceed half month’s salary for each completed year of service subject to maximum prescribed limit.

(iii) Use of Company’s car and telephone at residence for official purposes.

E. The Managing Director, so long as he functions as such, shall not be paid any sitting fee for attending meetings of the Board of Directors or any committee(s) thereof.

F. TERMINATION:

The Appointment of Managing Director may be terminated by either party by giving a notice in writing to the other party at least six calendar months before the date of termination. In the event of termination of appointment of Managing Director by the Company, he shall be entitled to receive compensation in accordance with provisions of Section 202 of Companies Act, 2013 and rules made there under for the time being in force.

G. MINIMUM REMUNERATION IN CASE OF INADEQUECY OF PROFITS:

The remuneration payable to Mr. Hiitesh Topiiwaalla shall be subject to the provisions of Section 197 and 198 and Schedule V of the Companies Act, 2013 and rules framed there under for the time being in force.

If any financial year during tenure of his service, the Company has no profits or its profits are inadequate, the Company shall pay to Mr. Hiitesh Topiiwala, Managing Director, a minimum remuneration, not exceeding the higher of the limits under (A) and (B) below;

• A. Remuneration as approved by Central Government,

• B. Maximum remuneration permitted to be paid without the approval of the Central Government, in accordance with the provisions of Part II of Schedule V of the Companies Act, 2013, read with the Rules and Regulations as may be applicable for the time being in force, subject to minimum remuneration as may be approved, if any, by shareholders in General Meeting.

Pursuant to the provisions of Section 196(4) and any other applicable provisions, if any, of the Companies Act, 2013 and the rules framed thereunder read with Schedule V of the Companies Act, the re-appointment of Managing Director requires approval of the Members in General Meeting by a Special Resolution.

The details of Mr. Hiitesh Topiiwaalla in pursuance of the provisions of the SEBI (LODR) Regulations, 2015 have been given as under:

The other Disclosures as required under Schedule V Part II Section II-Paragraph B (iv)is provided hereunder:

I. GENERAL INFORMATION

• (1) Nature of Industry: Manufacturing of Traditional Cosmetics.

• (2) Date or expected date of commencement of commercial production: N.A., since the Company has already commenced its business activities.

• (3) In case of new companies, expected date of commencement of activities as per project approved by financial institutions appearing in the prospectus: N.A.

• (4) Financial performance based on given indicators: Financial performance of the Company during last three years:

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(Amt Rs. In Lakhs)

Financial Parameters	**Financial Year **	**Financial Year **	**Financial Year **
	2020-21	2019-20	2018-19
Total Revenue	1750.40	2417.95	2186.29
Depreciation	106.36	124.67	142.53
Total Expenses (ExcludingDepreciation)	1722.45	2251.60	1997.03
Net Profit	34.28	(11.78)	(12.77)
Paid upCapital	485.50	485.50	485.50
Reserves & Surplus	1464.65	1451.19	1462.96
EarningPer Share	0.71	(0.24)	(0.26)

(5) Foreign Investments or collaborations, if any: There is no direct foreign investment in the Company except to the extent sharesheld. There is no foreign collaboration in the Company.

II Information about the Appointee

II Information about the Appointee
Particulars	Mr. Hiitesh Topiiwaalla
Background details	Rich Experience of more than 25 years in cosmetic Industry
Job profile and suitability	He was working as Chairman & Managing Director of the Company, to manage the whole business and affairs of the Company. Proposed to be re-appointed for same job profile.
Past Remuneration	Rs. 57.42 Lakhs
Remuneration proposed to be paid	As mentioned in the resolution and Explanatory Statement
Pecuniary relationship directly or indirectly with the Company, or relationship with the managerial personnel, if any.	Apart from receiving Managerial Remuneration, he does not have any other pecuniary relationship with the Company except his relationship with managerial personnel as, Mrs. Aartii Topiwaala is the wife of Mr. Hiitesh Topiiwaalla. Further, he holds 2562990 equity shares in the Company.

III. Other information:

1. Reasons of loss or inadequate profits

Raw Material

There has been an increase in key raw material prices and other cost of packaging & printing segment, international market conditions for cosmetics affecting raw material prices, and general slowdown of Indian economy due to COVID 19 pandemic.

Marketing Difficulties

The demand for the Companies principal products has been declining for the last two years, due to COVID 19 pandemic, etc. The company faces aggressive competition from other players.

Financial Cost

The Company has been facing inflated financial cost.

2. Steps taken or proposed to be taken for improvement

To mitigate the adverse impact, the Company took various measures such as making alternate arrangements to operate to it full production capacity. The Company is also exploring the new markets for sale.

3. Expected increase in productivity and profits in measurable terms

The management has adopted focused and aggressive business strategies in all spheres of functions to improve the sales and profitability of the Company. Considering the present business scenario, the Company is expecting increase in revenue and profitability. The Management is confident of keeping a higher growth ratio in the period to come and strong belief that business improvement will sustain in future.

IV Disclosures

The remuneration packages of all the managerial persons are given in the respective resolutions. The required information about the service contract, notice period, severance fees etc. is given in Explanatory Statement annexed to this Notice.

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The above explanatory statement (together with Annexure thereto) shall be construed to be memorandum setting out the terms of the appointment/re-appointment as specified under Section 190 of the Companies Act, 2013 and will be available for inspection at the Registered office of the Company by any Member of the Company during the e-voting period on all days except Sunday and Bank Holidays during 10.00 A.M. to 1P.M.

The Board of Directors therefore recommends the resolution as set out in Item No. 3 of the Notice for approval of members of the Company by way of a Special Resolution.

None of the Directors and Key Managerial Personnel of the Company and their relatives except Mr. Hiitesh Topiiwaalla and Mrs. Aartii Topiwaala are concerned or interested, financially or otherwise, in the said resolution.

For Paramount Cosmetics (India) Limited

Hiitesh Topiiwaalla Managing Director DIN 01603345

Place: Bangalore Date: 03-09-2021

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ANNEXURE A TO NOTICE

Details of Directors seeking appointment / re-appointment in forthcoming Annual General Meeting (In pursuance of Regulation 36(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)

(In pursuance of Regulation 36(3) of	SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)	SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)
Particulars	Details
Name of Director	Ms. Aartii Topiwaala	Mr. Hiitesh Topiiwaalla
DIN	03487105	01603345
Date of Birth	18.07.1972	24.03.1972
Age	49	49
Date of Appointment	14.02.2018	01.08.2005
Qualification	B. Com	B.Com
Expertise in specific functional area	Rich experience of more than 25 years in Fashion Design Industry	Rich Experience of more than 25 years in cosmetic Industry
Shareholding in the Company	2600 Equity shares of INR 10/- each	2562990 Equity shares of INR 10/- each
Relationshipwith Other Directors	Wife of Mr. Hiitesh Topiiwaalla	Husbund of Mrs. AartiiTopiwaala
List of Companies in which Directorship held (including this Company)	- Paramount Cosmetics (India) Limited - Paramount Personal Care Private Limited - Paramount Kum Kum Pvt Ltd - Petl Exports Private Limited - Ar Dall (India) Private Limited - Parcos Brands Investment Private Limited - Parcos Brands Private Limited - Parcos Brands Communication Private Limited - Sepio Innovations Private Limited	- Paramount Cosmetics (India) Limited - Paramount Personal Care Private Limited - Paramount Kum Kum Pvt Ltd - Petl Exports Private Limited - Ar Dall (India) Private Limited - Parcos Brands Investment Private Limited - Parcos Brands Private Limited - Parcos Brands Communication Private Limited - Farmous Foods Private Limited - Sepio Innovations Private Limited - Aiyon Innovations Private Limited - Ayurastic Health Private Limited - Infectionshield Biotech Private Limited
List of Chairmanship/ Membership of the Committees of Board of Public Companies as on March 31, 2020 (including this Listed Entity)	Paramount Cosmetics (India) Limited: • Nomination & Remuneration Committee –Member • Stakeholders Relationship Committee – Member	Paramount Cosmetics (India) Limited: • Audit Committee – Member • Stakeholders Relationship Committee –Member

For Paramount Cosmetics (India) Limited

Hiitesh Topiiwaalla Managing Director

Place: Bangalore Date: 03-09-2021

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