Parmeshwar Metal Limited has incorporated a new subsidiary to expand its operations in the metal manufacturing sector. The company confirmed the registration of Parmeshwar Copperx Private Limited with the Ministry of Corporate Affairs on August 17, 2026. The subsidiary is based in Gujarat and will primarily focus on the business of manufacturing metal, including copper extrusion and related activities.

The incorporation follows an earlier intimation issued by the company on June 11, 2026. This move aligns with the firm's strategy to consolidate its presence in specific metal product verticals through dedicated entities.

Subsidiary Details

Parmeshwar Copperx Private Limited was incorporated as a private limited company in India. The authorized and paid-up share capital stands at ₹10,00,000, divided into 100,000 equity shares of ₹10 each. The initial equity subscription was made in cash.

Shareholding Structure

Parmeshwar Metal Limited holds a 51% equity stake in the new subsidiary. The holding company subscribed to 51,000 equity shares of ₹10 each, aggregating to a total investment of ₹5,10,000. This majority stake ensures that Parmeshwar Copperx operates as a controlled subsidiary within the group structure.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to BSE Limited on August 18, 2026, by Shantilal Shah, Managing Director of Parmeshwar Metal Limited. No governmental or regulatory approvals were required for the incorporation of the subsidiary.

Parmeshwar Metal received an order from the GST Authority, Gujarat on June 15, 2026, confirming a tax demand of Rs 1,34,92,864 along with interest and an equal penalty. The order was issued by the Office of the Commissioner (Appeals), Central GST, Appeal Commissionerate-Ahmedabad. The demand pertains to alleged inadmissible or fraudulent input tax credit under the Central Goods and Service Tax Act, 2017 and the Gujarat Goods and Service Tax Act, 2017.

The company disclosed that it is taking appropriate steps to file an appeal before the Appellate Tribunal against the order. Management stated that the demand confirmed in the order is without merits and is expected to be set aside during the appellate proceedings. Consequently, the company does not foresee any material impact on its financial, operational, or other activities.

Details of the GST Order

The following table outlines the key particulars of the order received by the company: