Paramount Cosmetics (India) Limited announced that Mr. Shishir B. Desai vide his letter dated 04 November, 2022 and received on 08 November, 2022 tendered resignation from the position of Independent Director of the company with effect from 04 November, 2022 . Reason of Resignation: Due to personal and avoidable circumstances. There are no other reasons of resignation other than mentioned aforesaid.