Parmeshwar Metal Ltd

Parmeshwar Metal Ltd – Trading Window Closed from October 01, 2026 to 48 Hours after the Half Year ending September 30, 2026 results

AGM Details

• 10th AGM held on September 19, 2026 at 11:00 a.m. via VC/OAVM.
• Record date: September 12, 2026; total on record: 666.
• Attendance: Promoter group 7, Public 26 via video.
• Five ordinary resolutions were put to vote and passed.

Key Resolutions and Outcomes

• Adoption of Audited Financial Statements for the year ended March 31, 2026 approved.
• Final dividend declared at Rs 1.25 per equity share.
• Re-appointment of director by rotation approved.
• Remuneration of Cost Auditor approved.
• Approval of related party transactions approved.

AGM Details

• Date and time: 19 September 2026, 11:00 a.m.
• Mode: via Video Conferencing / OAVM with no physical venue.
• Remote e-Voting: Sep 15–18, 2026; results to be announced within two working days.

Ordinary Business

• Adopt Audited Financial Statements for the year ended March 31, 2026.
• Declare final dividend of Rs 1.25 per equity share (12.5%).
• Re-appoint Director on rotation (Piyush Giriraj Shah).
• Voting results to be announced within two working days.

Special Business

• Ratify remuneration of Cost Auditor (M/s. S A & Associates).
• Approve related party transactions.
• Voting results to be announced within two working days.

Financial highlights

• Revenue from operations: 197294.16 Lakhs in FY26.
• Profit after tax: 3249.37 Lakhs in FY26.
• EBITDA: 4619.96 Lakhs in FY26.
• Earnings per share: 21.23 (basic and diluted).
• Net profit margin (on revenue from operations): 1.65%.
• Return on equity: 31.84%.
• Current ratio 3.36; debt-equity 0.23.
• Cash flow from operations: 2163.63 Lakhs.

Dividend & capital allocation

• Final dividend proposed: 1.25 per equity share; record date 04-Sep-2026.
• Profit retained in P&L; no transfer to general reserves.
• IPO proceeds fully utilized for working capital.
• Paid-up equity share capital: 1,530.60 Lakhs (1,53,06,000 shares).
• Bonus issue completed in 2024: 1 new for every 2 existing shares.

Capital structure & liquidity

• Short-term borrowings: 2,334.07 Lakhs (as at 31-03-2026).
• Cash & cash equivalents: 64.71 Lakhs; total cash/bank balance: 218.46 Lakhs.
• IPO proceeds: 2,474.16 Lakhs; utilized for working capital.

Business developments

• Single-segment business: copper wire and copper wire rods.
• Revenue growth YoY: from 138,243.37 to 197,294.16 Lakhs.
• Subsidiary: Parmeshwar CopperX Private Limited incorporated on 17-08-2026.
• New manufacturing facility planned at Gandhinagar/Dehgam; furnace renovation project.

Governance & controls

• Board includes Piyush Shah (Chairman), Shantilal Shah (MD), Suchit Patel (WTD), Mayura Marathe (Independent), Dipak Jagetiya (Independent).
• Statutory auditors: Shah & Shah; Internal auditors: R N C A & Associates; Secretarial auditors: Alpesh Vekariya & Associates.
• 4 board meetings held during 2025-26.
• Internal control system deemed adequate; Audit Committee oversight mentioned.

Related party transactions

• RPTs for 2026-27 are material; approvals obtained via Audit Committee/Board.
• Largest proposed RPTs: Parmeshwar Recycling Ltd 25,000 Lakhs; Shree Mahadev Metal 20,000; Parmeshwar CopperX Pvt Ltd 12,500.

Regulatory, risk & disclosures

• GST disputes and other tax matters disclosed; contingent liabilities include 4,554.02 Lakhs.
• Bank guarantees outstanding: 134.75 Lakhs.
• Company has risk management policy; CSR & compliance structures in place.

CSR disclosures

• CSR expenditure: 25.11 Lakhs; average net profit: 24.49 Lakhs; CSR obligation: 24.49 Lakhs.
• CSR committee: Piyush Shah (Chairman), Dipak Jagetiya, Mayura Marathe.
• CSR projects focus on Education, Health, Environment; policy on website.

AGM Details

• AGM date/time: 19 Sep 2026 at 11:00 IST via VC/OAVM.
• Mode: VC/OAVM.
• Record date for dividend: 04 Sep 2026.
• E-voting cut-off date: 12 Sep 2026.
• Remote e-voting period: 15–18 Sep 2026.
• Dividend, if approved, payable by 16 Oct 2026.

Ordinary Resolutions

• Adopt audited financial statements for year ended 31 Mar 2026.
• Declare final dividend at ₹1.25 per share.
• Re-appoint director retiring by rotation: Piyush Giriraj Shah.

Special Resolutions

• Ratify Cost Auditor remuneration of ₹50,000 plus taxes.
• Approve related party transactions with listed parties; aggregate ₹76,500 Lakhs.

RPT & Governance Details

• Related party details include nine counterparties totaling ₹76,500 Lakhs.

Subsidiary incorporation

• MCA approved incorporation of Parmeshwar Copperx Private Limited as subsidiary on Aug 17, 2026.
• Authorized share capital Rs 10 lakh; paid-up Rs 10 lakh.
• Initial subscription: 51,000 equity shares at Rs 10 each (Rs 5.10 lakh).
• Ownership: Parmeshwar Metal Ltd holds 51% equity stake.
• Incorporated in Gujarat; business: copper extrusion and metal products.
• Holding relation: subsidiary of Parmeshwar Metal Ltd.

Processing status and listing confirmation

• Securities for dematerialisation in quarter ended 30 June 2026 were accepted/rejected by MUFG Intime India to the depositories.
• Securities dematerialised have been listed on stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name updated as registered owner within timelines.