Paramount Speciality Forgings Limited reported a revenue of ₹11,995.97 lakh for the year ended March 31, 2026, compared to ₹10,993.26 lakh in the previous year. The company posted a net profit of ₹425.53 lakh for FY26, down from ₹446.57 lakh in FY25, as total expenses rose to ₹11,606.47 lakh from ₹10,503.10 lakh in the prior year. The Board of Directors approved the audited financial results for the half year and year ended March 31, 2026, during a meeting held on May 29, 2026.

The statutory auditors, M/s. Kalyaniwalla & Mistry LLP, issued an unmodified opinion on the standalone financial results. The company noted that the figures for the half year ended March 31, 2026, are balancing figures between the audited full-year results and the published unaudited year-to-date figures.

Financial Performance

For the year ended March 31, 2026, the company's total income stood at ₹12,176.73 lakh, an increase from ₹11,090.10 lakh in the prior year. The basic and diluted earnings per share (EPS) for FY26 were ₹2.16, compared to ₹2.57 in the previous year.

IPO Proceeds Utilisation

The company raised ₹2,833.18 lakh through its Initial Public Offer (IPO) in the previous year. As of March 31, 2026, the total amount utilised was ₹2,197.16 lakh, leaving an unutilised balance of ₹636.02 lakh. The funds were primarily allocated towards capital expenditure for the Khalapur Plant expansion and general corporate purposes.

Key Appointments

The board approved the appointment of M/s. Jitendrakumar & Associates as Cost Auditors and M/s. Pipalia Singhal & Associates as Internal Auditors for FY 2026-27. Furthermore, Mr. Zubin Chandul Shah was appointed as the Company Secretary and Compliance Officer effective May 29, 2026, pursuant to Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESG Initiatives

Paramount Speciality Forgings Limited has implemented a 1,050 kWp Solar Power Project across its manufacturing facilities in partnership with Voltstar Solar. Phase I (150 kW) and Phase II (750 kW) have been commissioned, while Phase III (150 kW) is under implementation and scheduled for commissioning by June 2026. This initiative aims to reduce carbon emissions and increase renewable energy adoption.

Paramount Speciality Forgings Limited disclosed that its promoters and promoter group have not created any encumbrance on the equity shares held by them during the financial year ended March 31, 2026. The declaration was submitted to the National Stock Exchange of India Limited on April 4, 2026, by Aliasgar Roshan Hararwala on behalf of all promoters and the promoter group. This disclosure is mandated under Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency regarding the pledging or hypothecation of shares by key stakeholders.

The filing confirms that neither the promoters nor persons acting in concert (PACs) have directly or indirectly encumbered their shareholding in the company during FY26. The declaration covers the entire promoter group, comprising 41 entities and individuals. This compliance provides assurance to investors regarding the unencumbered status of the shares held by the controlling shareholders during the specified period.

Promoter and Promoter Group Details

The disclosure lists 41 individuals categorized as promoters and promoter group members who have confirmed the absence of encumbrance on their holdings. The list includes key promoter names such as Aliasgar Roshan Hararwala, Abdulla Aliasgar Bhagat, and Zahid Mohamadi Hararwala.

The declaration was signed by Aliasgar Roshan Hararwala, a promoter of the company, and submitted to the exchange for record purposes. A copy of the disclosure was also forwarded to the Audit Committee of the Board of Directors of Paramount Speciality Forgings Limited.