Parmeshwar Metal has scheduled its 10th Annual General Meeting (AGM) for Saturday, September 19, 2026. The event 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.

Parmeshwar Metal posted a net profit of ₹324.9 crore for FY26, marking a 196% increase from the previous year’s ₹109.8 crore. Revenue from operations climbed 43% to ₹19,729.4 crore, reflecting robust volume growth in copper wire and rod manufacturing.

The company’s operating performance improved significantly alongside top-line expansion. Profit before tax reached ₹434.3 crore, up from ₹149.2 crore in FY25. This surge was supported by higher operational efficiency and favorable market conditions in the base metals sector.

Financial Highlights

What the Numbers Show

Revenue growth outpaced the rise in total expenses, which increased by 41% to ₹19,327.1 crore. Cost of materials consumed rose 42% to ₹19,175.5 crore, aligning with revenue trends. However, other income contributed ₹32.3 crore, including ₹59.0 crore from state government subsidies under the Industries Department incentive scheme. This non-operational support bolstered the bottom line despite rising input costs.

Dividend and Corporate Actions

The Board of Directors recommended a final dividend of ₹1.25 per equity share, representing a 12.5% payout on the face value of ₹10. The total dividend outflow is estimated at ₹19.1 crore, subject to shareholder approval at the upcoming Annual General Meeting.

The company also incorporated Parmeshwar Copperx Private Limited as a subsidiary in August 2026 to expand its manufacturing capabilities. The AGM is scheduled for September 19, 2026, where shareholders will vote on the dividend, re-appointment of directors, and ratification of related party transactions.