This is to inform that pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 as amended by SEBI (Prohibition of Insider Trading) Amendment Regulations, 2018 and in accordance with Company's Insider Trading Code to regulate, monitor and report trading by Designated Persons of the company, the trading window for dealing in the securities of Paramount Cosmetics (India) Limited (the 'Company') shall remain closed with effect from 01st July, 2022 till 48 hours of declaration of the financial results of the Company for the quarter ended on 30th June, 2022 for all the designated persons of the company. We request you to take the above on record and acknowledge the receipt of the same.

Pursuant to compliance of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached disclosure of related party transactions for the half year ended on 31st March, 2022.

With reference to above subject, we enclose herewith 2 copies of e-Newspapers, where Standalone Audited Financial Results of the Company for the Quarter & Year ended March 31, 2022 are published in the said newspaper pursuant to Regulation 33 & 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is to inform you that the meeting of the Board of Directors of the Company was held on 27th May, 2022 wherein appointment of M/s K.P Ghelani & Associates, Company Secretaries to act as Secretarial Auditor & Mr. Dhanavel Munian to act as an Internal Auditor of the company was approved.

Consider and approved the audited Financial Results of the company for the Quarter/Year Ended on March 31, 2022.

We hereby inform you that the Meeting of Board of Directors of the Company is held on Friday May 27, 2022 at 05.00 P.M via Video Conferencing (VC) and the following business decisions have been taken on record: 1) Consider and approved the audited Financial Results of the company for the Quarter/Year Ended on March 31, 2022. 2) Considered and taken a note on the resignation of Mr. Rajesh Bhan from the position of the CEO of the Company. 3) Considered and approved the appointment of M/s K.P Ghelani & Associates as Secretarial Auditor of the company for the F.Y 21-22. 4) Considered and approved the appointment of Mr. Dhanavel Munian as Internal Auditor of the company for the F.Y 22-23. 5) Considered and approved the authorization of filling E-forms with various authorities for the F.Y 2022-23. 6) Considered and approved the related party transactions at arm's length basis for the F.Y 22-23 and Ratification for the F.Y 21-22.

In compliance with the provision of Regulation 24A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the secretarial compliance report from M/s. K. P. Ghelani & Associates, Practising Company Secretaries, for the year ended March 31, 2022.

PARAMOUNT COSMETICS (INDIA) LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2022 ,inter alia, to consider and approve 1) To consider, approve and take on record the audited financial results of the company for the quarter/year ended on 31st March, 2022. 2) To take a note on resignation of Mr. Rajesh Bhan as the Chief Executive Officer (CEO) of the company. 3) To appoint M/s. K.P. Ghelani & Associates as Secretarial Auditor of the Company for the F.Y 2021-22. 4) To appoint Mr. Dhanavel Munian as an Internal Auditor of the company for the F.Y 2022-23. 5) To approve the related party transactions at arm's length basis for the F.Y 2022-23. 6) Any other matter with the permission of the chair.

Pursuant to the provisions of Regulation 30(2) read with Schedule III of the SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that Mr. Rajesh Bhan vide his letter dated 02nd May, 2022 tendered his resignation from the position of Chief Executive Officer (CEO) of the company with immediate effect from 02nd May, 2022.

In compliance with the provision of Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the compliance certificate from M/s. K. P. Ghelani & Associates, Practising Company Secretaries, for the year ended March 31, 2022.