Parmeshwar Metal Ltd

Parmeshwar Metal Limited will seek shareholder approval on August 18, 2026, for the re-appointment of Director Piyush Giriraj Shah and a significant slate of Related Party Transactions (RPTs) valued at over 25,000 Lakhs. The RPTs involve transactions such as sales, purchases, and lease of assets with entities including Parmeshwar Recycling Limited, Yogeshwar Metal Private Limited, and Fortunate Metal Private Limited, among others. Directors Shantilal Shah, Piyush Shah, and Suchitkumar Patel are involved in the transactions, which the Audit Committee recommends approving as commercially beneficial and part of ordinary business operations conducted at arm’s length. Shareholders will be prohibited from voting on the RPT approval, and an explanatory statement detailing the transactions is available for review.

Parmeshwar Metal Limited will seek shareholder approval on August 18, 2026, for the re-appointment of Director Piyush Giriraj Shah, who currently serves as Chairman and Non-Executive Director since 2018, and for a slate of Related Party Transactions (RPTs). Mr. Shah, born October 14, 1982, holds 1233750 shares and brings over eight years of experience in the metal industry, with expertise in legal, management, and operational areas. The RPTs, totaling a substantial estimated value with individual transactions ranging from Rs 500 Lakhs to Rs 20,000 Lakhs, involve dealings with entities including Parmeshwar Recycling Limited and Yogeshwar Metal Private Limited, and are described as ordinary business transactions conducted at arm’s length. Notably, related parties are excluded from voting on the RPT resolution, as per Securities and Exchange Board of India (SEBI) regulations, and full details of the transactions are available for shareholder review.

Parmeshwar Metal announced that the Board of Directors of the Company at its meeting held on 08 May 2026, has recommended a Final Dividend of Rs.1.25 per share (i.e.12.5%), subject to the approval of the shareholders.

Parmeshwar Metal will hold a meeting of the Board of Directors of the Company on 14 November 2025.Powered by Capital Market - Live

Parmeshwar Metal announced that the 9th Annual General Meeting(AGM) of the company will be held on 30 September 2025.Powered by Capital Market - Live

Parmeshwar Metal announced that the Board of Directors of the Company at its meeting held on 15 May 2025, inter alia, have recommended the final dividend of Rs 0.75 per equity Share (i.e. 7.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Parmeshwar Metal will hold a meeting of the Board of Directors of the Company on 15 May 2025.Powered by Capital Market - Live

The scrip was listed at Rs 84.50, at a premium of 38.52% compared with the initial public offer (IPO) price. The stock was currently frozen at an upper limit of 5% over its listing price. The counter hit a high of Rs 88.72 and a low of Rs 81.05. About 16.78 lakh shares of the company changed hands at the counter. Parmeshwar Metal's IPO was subscribed 564.04 times. The issue opened for bidding on 2 January 2025 and it closed on 6 January 2025. The price band of the IPO was set at Rs 57 to Rs 61 per share. The IPO comprised fresh issue of 29,02,000 equity shares. The promoter and promoter group shareholding diluted to 70.81% from 96.33% pre-issue. The company intends to utilize the net proceeds to set up a new manufacturing facility at Gandhinagar, Dehgam, Gujarat for manufacturing of Bunched copper wire and 1.6 MM Copper Wire, funding of capital expenditure for furnace renovation, working capital requirements and general corporate purpose. Ahead of the Parmeshwar Metal on 1 January 2024, raised Rs 7.03 crore from anchor investors. The board allotted 11.54 lakh shares at Rs 61 per share to 6 anchor investors. Parmeshwar Metal is engaged in the business of manufacturing copper wire and copper wire rods by recycling copper scrap. The company manufactures copper wire and copper wire rods that are ideally suited for a wide range of applications. These applications include power cables, building wires, transformers, the automotive industry, household cables, as well as bare and enamelled wires. The company's main objective is to create consistent value for their customers by delivering high-quality products and the best services at an optimal cost. As on 31 October 2024, the company had total 26 employees and 45 contract labour. The company recorded revenue from operations of Rs 755.76 crore and net profit of Rs 5.70 crore for the period as of 31 October 2024. Powered by Capital Market - Live

The equity shares of Parmeshwar Metal (Scrip Code: 544330) are listed effective 09 January 2024 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. Powered by Capital Market - Live