Appointment of M/s. RNCA & Associates, Practicing Chartered Accountants, as Internal Auditor of Company for the F.Y. 2026-27.
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Parmeshwar Metal Ltd held its Board meeting on May 8, 2026, approving multiple items including audited financial results for FY 2026 and H2. The company reported strong growth with revenue from operations of Rs. 19,729.42 Cr (up 43% from Rs. 13,824.34 Cr in FY25) and profit after tax of Rs. 324.94 Cr (up 196% from Rs. 109.78 Cr). The Board recommended a final dividend of Rs. 1.25 per equity share (12.5% on Rs. 10 face value), subject to shareholder approval. M/s. RNCA & Associates was appointed as Internal Auditor for FY 2026-27, replacing the prior firm. The company also appointed M/s. SA & Associates as Cost Auditor for the same period. Regarding IPO proceeds of Rs. 2,474.16 Lakhs, the company reported no material deviation, though Rs. 41.35 Lakhs was reallocated from public issue expenses to working capital as approved by shareholders in September 2025.
Strong financial performance with near-tripling of PAT signals healthy operational growth. The appointment of a new internal auditor is routine and does not indicate any governance concerns. Dividend recommendation provides shareholder returns. No adverse deviations in IPO fund utilization.