Key Financial Figures (FY 2025-26)

  • Revenue from Operations: ₹1,972.94 Crores (Previous year: ₹1,382.43 Crores)
  • Other Income: ₹3.23 Crores (Previous year: ₹2.59 Crores)
  • Total Income: ₹1,976.17 Crores (Previous year: ₹1,385.03 Crores)
  • Profit Before Tax: ₹43.43 Crores (Previous year: ₹14.92 Crores)
  • Tax Expense: ₹10.93 Crores (Previous year: ₹3.94 Crores)
  • Profit After Tax: ₹32.49 Crores (Previous year: ₹10.98 Crores)
  • Earnings Per Share (Basic & Diluted): ₹21.23 (Previous year: ₹9.03)

Dividend Declaration

  • Final dividend recommended at the rate of ₹1.25 per equity share (12.5%) on face value of ₹10 each
  • Total dividend outflow: ₹1.91 Crores (subject to TDS deduction)
  • Record Date: September 4, 2026 for determining entitlement to dividend
  • Dividend payment to be made within 30 days from declaration date

Annual General Meeting Details

  • Date: September 19, 2026
  • Time: 11:00 AM (IST)
  • Mode: Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Cut-off date for e-voting: September 12, 2026
  • Voting period: September 15, 2026 (9:00 AM) to September 18, 2026 (5:00 PM)

AGM Agenda Items

Ordinary Business

1. Adoption of Audited Financial Statements for year ended March 31, 2026

2. Declaration of final dividend of ₹1.25 per equity share

3. Re-appointment of Mr. Piyush Giriraj Shah (DIN: 00286242) as Director retiring by rotation

Special Business

4. Ratification of remuneration of ₹50,000 plus applicable taxes to M/s. S A & Associates as Cost Auditor for FY 2026-27

5. Approval for Related Party Transactions with nine related parties for aggregate value of ₹750 Crores for FY 2026-27

Related Party Transactions Details

The company seeks approval for transactions with the following related parties for FY 2026-27:

  • Parmeshwar Recycling Limited: ₹250 Crores
  • Shree Mahadev Metal: ₹200 Crores
  • Parmeshwar Copperx Private Limited: ₹125 Crores
  • Yogeshwar Metal Private Limited: ₹75 Crores
  • Fortunate Metal Private Limited: ₹50 Crores
  • Avirat Metal Private Limited: ₹50 Crores
  • Parmeshwar Cold Storage Private Limited: ₹5 Crores
  • Royal Regina Habitat Private Limited: ₹5 Crores
  • Shree Dev Metal: ₹5 Crores

Corporate Structure and Leadership

Board of Directors

  • Mr. Piyush Shah (Chairman, Non-Executive Director)
  • Mr. Shantilal Shah (Managing Director)
  • Mr. Suchit Patel (Whole-time Director)
  • Mr. Dipak Jagetiya (Independent Director)
  • Mrs. Mayura Marathe (Independent Director)

Key Managerial Personnel

  • Ms. Dhara Motka (Company Secretary & Compliance Officer)
  • Mr. Vijay Shah (Chief Financial Officer)

Professional Appointments

  • Statutory Auditors: M/s. Shah & Shah (FRN: 131527W)
  • Secretarial Auditors: M/s. Alpesh Vekariya & Associates (FRN: S2018GJ652400)
  • Internal Auditors: M/s. R N C A & Associates (FRN: 0131593W)
  • Cost Auditors: M/s. S A & Associates (FRN: 000347)
  • Registrar & Transfer Agent: M/s. MUFG Intime India Private Limited

Capital Structure

  • Issued, Subscribed and Paid-up Capital: ₹15.31 Crores (15,306,000 equity shares of ₹10 each)
  • All shares are in dematerialized form

Significant Operational Highlights

  • Company manufactures and trades copper wire and copper wire rods by recycling copper scrap
  • Main products include copper wire and copper wire rods for power cables, building wires, transformers, automotive industry, household cables, and bare/enameled wires
  • Employee strength: 36 employees as of March 31, 2026
  • Credit Rating: CRISIL BBB-/Stable (Long Term), CRISIL A3 (Short Term)

Subsidiary Information

  • Parmeshwar Copperx Private Limited (CIN: U24201GJ2026PTC182470) incorporated on August 17, 2026 as subsidiary

Utilization of IPO Proceeds

  • Unutilized proceeds of ₹41.35 Lakhs reallocated to working capital requirements
  • Shareholders approved this utilization at the 9th AGM held on September 30, 2025

Corporate Social Responsibility

  • CSR expenditure of ₹25.11 Lakhs against requirement of ₹24.49 Lakhs
  • Focus areas: Education, Skill Development, Health and Wellness, Environmental Sustainability

Legal and Regulatory Matters

  • Pending GST disputes: ₹44.05 Crores across multiple periods from 2017-2022
  • Pending Income Tax dispute: ₹0.14 Crores for AY 2020-21
  • Bank guarantees outstanding: ₹1.35 Crores
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013

Internal Financial Controls

Auditors confirmed adequate internal financial controls system was operating effectively as at March 31, 2026.

Important Dates

  • AGM Date: September 19, 2026
  • Record Date for Dividend: September 4, 2026
  • E-voting Period: September 15-18, 2026
  • Last date for Form 15G/15H/10F submission: September 12, 2026