Paramount Speciality Forgings confirms no encumbrance on promoter shares in FY26

3 min read     Updated on 30 Jun 2026, 10:01 AM
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Paramount Speciality Forgings Limited disclosed that its promoters and promoter group have not encumbered any equity shares during the financial year ended March 31, 2026. The declaration, submitted to the NSE under SEBI SAST regulations, covers 41 individuals and entities.

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Paramount Speciality Forgings Limited confirmed that its promoters and persons acting in concert (PACs) have not created any encumbrance, directly or indirectly, on the equity shares held by them during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure remains free of pledges or charges, which is critical for maintaining governance standards and shareholder confidence. The declaration was submitted by Aliasgar Roshan Hararwala on behalf of all promoters and the promoter group.

The filing was made to the National Stock Exchange of India Limited on April 4, 2026, in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations mandate periodic disclosures regarding any encumbrance on promoter shares to ensure transparency in ownership and control. The document was also copied to the Audit Committee of the Board of Directors of the company.

The declaration encompasses a total of 41 entities and individuals associated with the company. The list includes eight individuals classified as promoters and 33 members classified as the promoter group. The list details specific names such as Abdulla Aliasgar Bhagat, Aliasgar Roshan Hararwala, and Zahid Mohamadi Hararwala under the promoter category, while the promoter group includes family members and related entities like Saeeda Roshan Hararwala and Arfana Aliasgar Hararwala.

Promoter and Promoter Group Details

Sr. No. Name of the Entity/Person Category
1 Abdulla Aliasgar Bhagat Promoter
2 Aliasgar Roshan Hararwala Promoter
3 Zahid Mohamadi Hararwala Promoter
4 Aliasgar Abdulla Bhagat Promoter
5 Roshan Alihusain Hararwala Promoter
6 Mohammed Salim Hararwala Promoter
7 Abbasali Hararwala Promoter
8 Hoozefa Saleem Hararwala Promoter
9 Saeeda Roshan Hararwala Promoter Group
10 Arfana Aliasgar Hararwala Promoter Group
11 Abdul Qadir Aliasgar Hararwala (Minor) Promoter Group
12 Tayyebi Mohamedbhai Gittham Promoter Group
13 Masooma Tayyebi Gittham Promoter Group
14 Arif Shafakat Hussain Sinnarwala Promoter Group
15 Munira M Hararwala Promoter Group
16 Tehseen Arif Sinnarwala Promoter Group
17 Kauser A Bhagat Promoter Group
18 Rukhsana Abbas Chanasmawala Promoter Group
19 Nuruddin Lokhandwala Promoter Group
20 Munira Nuruddin Lokhandwala Promoter Group
21 Taher M. Hararwala (Minor) Promoter Group
22 Tasneem Hararwala Promoter Group
23 Arwa Abdulla Bhagat Promoter Group
24 Hamza Abdulla Bhagat (Minor) Promoter Group
25 Moiz Asgarali Tinwala Promoter Group
26 Jumana Moiz Tinwala Promoter Group
27 Taha Gulam Husein Promoter Group
28 Jamila Taha Husein Promoter Group
29 Maria H. Hararwala (Minor) Promoter Group
30 Habib Rashiq Promoter Group
31 Amtuzehra Rashiq Promoter Group
32 Alefiya Habib Rashiq Promoter Group
33 Qurratul Ain Hararwala Promoter Group
34 Ammar Hararwala (Minor) Promoter Group
35 Zahra Hararwala (Minor) Promoter Group
36 Fazal Abbas Mohammed Hussain Adib Promoter Group
37 Alifia Adib Promoter Group
38 Hutaib Adib Promoter Group
39 Nazifa Mohamadi Hararwala Promoter Group
40 Alifiya A Hajee Promoter Group
41 Abdeali Haji Promoter Group

Historical Stock Returns for Paramount Speciality Forgings

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+4.88%+7.50%+17.49%-24.91%-62.99%

How might the absence of encumbrances on promoter shares influence institutional investor confidence and potential future capital raising plans?

Does this clean shareholding structure position Paramount Speciality Forgings as a potential acquisition target or facilitate strategic partnerships in the near term?

How will the company utilize this strong governance standing to differentiate itself from competitors in the capital-intensive forging sector?

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Paramount Speciality Forgings targets ₹200 crore revenue by FY28

1 min read     Updated on 15 Jun 2026, 10:21 PM
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Paramount Speciality Forgings Limited released the transcript of its H2 & FY26 earnings call, detailing a capacity expansion plan to install a 10-ton forging hammer and a 2,000-ton forging press. The management targets a revenue of ₹150-160 crore for FY27 and ₹200 crore for FY28, driven by increased efficiency and new customer acquisitions in sectors like defense and aerospace. The company also commissioned a solar power plant to reduce electricity costs by 25-30% and applied for NABL accreditation for its internal laboratory.

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Paramount Speciality Forgings Limited has released the transcript of its H2 & FY26 Post Earnings Investor Conference Call held on June 9, 2026. The management outlined strategic expansion plans, including the installation of a 10-ton forging hammer and a 2,000-ton forging press at its Khalapur facility, which is expected to increase production capacity to 6,000-8,000 tons per annum. The company targets revenue of ₹150-160 crore for FY27 and approximately ₹200 crore for FY28, post-expansion. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational and Financial Performance

During the call, Aliasgar Roshan Hararwala, Managing Director, stated that the company performed 10-12% better revenue-wise in the current year. The current order book stands between ₹45-50 crore, with a pipeline expected to reach ₹60-70 crore over the next 3-4 months. The management aims to improve manufacturing efficiency to 55-60% from installed capacities. For FY27, the company projects EBITDA margins of 8-10% in H2, with sustainable margins targeted at 14-15% in the long term.

Expansion and Sustainability Initiatives

The company is commissioning a solar power plant with a total capacity expected to reach 1.3-1.4 megawatts, following the initial 750 kilowatts. This initiative is projected to reduce electricity costs by 25-30% with a payback period of 3.5 to 4 years. Additionally, an internal testing laboratory commissioned in February 2026 has applied for NABL accreditation, which is expected to open new business avenues for third-party testing.

Strategic Outlook

Paramount Speciality Forgings is diversifying its product mix beyond oil and gas into petrochemicals, heavy engineering, railways, and infrastructure. The company is pursuing registrations with international entities such as ADNOC, Qatar Oil, and Saudi Aramco, and aims to enter the aerospace and defense sectors by the end of H2 FY27. The export mix is currently 25%, with key markets including Europe and Canada.

Key Financial and Operational Metrics

Metric Value/Target
Current Order Book ₹45-50 crore
FY27 Revenue Target ₹150-160 crore
FY28 Revenue Target ₹200 crore
H2 FY27 EBITDA Margin Target 8-10%
Solar Power Capacity 1.3-1.4 megawatts
Production Capacity (Post-Expansion) 6,000-8,000 tons per annum

The transcript is available on the company's website. The filing was digitally signed by Aliasgar Roshan Hararwala, Managing Director, on June 13, 2026.

Historical Stock Returns for Paramount Speciality Forgings

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+4.88%+7.50%+17.49%-24.91%-62.99%

What are the potential risks to achieving the targeted 14-15% long-term EBITDA margins given the current 8-10% projection?

How will the capital expenditure for the new forging hammer and press impact the company's free cash flow and leverage ratios in the near term?

What is the likelihood of securing approvals from international entities like ADNOC and Saudi Aramco within the stated timeline?

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