Parmeshwar Metal concluded its 10th Annual General Meeting on September 19, 2026, declaring a final dividend of ₹1.25 per equity share for FY26.

The meeting, held via video conferencing, saw the adoption of audited financial statements for the year ended March 31, 2026. Members also approved the re-appointment of Chairman Piyush G. Shah and ratified cost auditor remuneration.

Meeting Proceedings

The AGM commenced at 11:00 am with 33 members present through VC. Company Secretary Dhara Motka confirmed the quorum and noted that statutory registers were available for electronic inspection. No qualifications or observations were recorded in the Auditor’s or Secretarial Auditor’s reports for FY26.

Key Resolutions

Members voted on ordinary and special business items:

• Adoption of audited financial statements for FY26
• Declaration of final dividend at ₹1.25 per share (12.5%)
• Re-appointment of Piyush G. Shah as director
• Ratification of remuneration for M/s. S A & Associates, Cost Auditor
• Approval of related-party transactions

Remote e-voting was conducted from September 15 to September 18, 2026. Results were to be announced within two working days.

Board and Management

Directors present included Chairman Piyush G. Shah, Managing Director Shantilal K. Shah, Whole-time Director Suchitkumar M. Patel, and Independent Directors Mayura D. Marathe and Dipak S. Jagetiya. CFO Vijay Shah provided an overview of the company’s financial performance for FY26.

Parmeshwar Metal has scheduled its 10th Annual General Meeting (AGM) for Saturday, September 19, 2026, at 11:00 am. The meeting will be conducted via Video Conferencing or Other Audio Visual Means.

The Board of Directors has proposed a final dividend of ₹1.25 per equity share of face value ₹10 each for the financial year ended March 31, 2026. This represents a payout ratio of 12.5%. Shareholders on record as of Friday, September 4, 2026, will be eligible for the dividend if approved by members at the meeting.

Key Dates and Voting

The cut-off date for determining eligibility for e-voting is Saturday, September 12, 2026. The remote e-voting period begins on Tuesday, September 15, 2026, at 9:00 am and ends on Friday, September 18, 2026, at 5:00 pm. Central Depository Services (India) Limited (CDSL) is the authorized e-voting agency.

If approved, the dividend will be paid on or before October 16, 2026. The company has appointed M/s. Alpesh Vekariya & Associates as the scrutinizer for the voting process.

Board Resolutions

Apart from the dividend declaration, shareholders will consider several ordinary and special business items:

• Adoption of Financial Statements: Approval of audited financial statements for FY26.
• Director Re-appointment: Re-appointment of Mr. Piyush Giriraj Shah, who retires by rotation. He has been associated with the company since 2018.
• Cost Auditor Ratification: Ratification of remuneration of ₹50,000 to M/s. S A & Associates for auditing cost records for FY27.
• Related Party Transactions: Approval for entering into transactions with related parties for FY27.

Related Party Transactions

The company seeks shareholder approval for related party transactions with entities where key management personnel or promoters exercise significant influence. The proposed aggregate annual value of these transactions is detailed below.

The Audit Committee has reviewed these proposals and confirmed that the transactions are in the ordinary course of business and on an arm’s length basis. Related parties are required to abstain from voting on this resolution.