Appointment of M/s. Alpesh Vekariya & Associates, Practicing Company Secretaries, as Secretarial Auditor of the company.
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Parmeshwar Metal Ltd's board, meeting on 15th May 2025, approved audited financial results for FY25 with an unmodified (clean) opinion from statutory auditor Gattani & Associates. Revenue from operations rose to Rs. 1,38,243 lakhs (up about 26% from Rs. 1,10,022 lakhs in FY24), while profit after tax grew to Rs. 1,097.81 lakhs from Rs. 712.69 lakhs (~54% growth). The board recommended a final dividend of Rs. 0.75 per equity share (face value Rs. 10) subject to shareholder approval. Three new auditors were appointed: Alpesh Vekariya & Associates as Secretarial Auditor for five years (FY26–FY30), R N C A & Associates as Internal Auditor for FY26, and Borad Sanjay B & Associates as Cost Auditor for FY26. The company also confirmed no deviation in use of public issue proceeds (Rs. 2,474.16 lakhs raised in January 2025), with Rs. 313 lakhs still unutilised as of 31 March 2025.
Strong topline and bottomline growth, a clean audit, and a maiden dividend are positive signals for shareholders. Auditor appointments are routine compliance; the Rs. 313 lakh unutilised IPO proceeds are being deployed for the new copper wire manufacturing facility, supporting future capacity expansion.