Proceeding of 09th Annual General Meeting of Company held on 30th September, 2025 at 11.00 A.M through Video Conferencing.
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Awaiting price reaction for this filing.
Parmeshwar Metal Limited held its 9th AGM on September 30, 2025 at 11:00 AM through video conferencing, with 16 members attending. The meeting lasted only 15 minutes (concluded at 11:15 AM) and was conducted smoothly with all quorum requirements met. Key business items included adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 0.75 per share (7.5%) on equity shares of Rs. 10 each, appointment of M/s. Shah & Shah as new Statutory Auditor, re-appointment of Mr. Suchitkumar Patel as Director, and approval of related party transactions. Shareholders were also asked to approve a variation in the objects/terms of utilization of the company's IPO proceeds, which is a notable item. No qualifications or adverse comments were reported in the auditors' or secretarial auditors' reports for FY25.
The AGM confirms a modest 7.5% final dividend for shareholders and a clean audit report, both neutral-to-positive signals. The change of statutory auditor from Gattani & Associates to Shah & Shah, along with the proposed variation in IPO proceeds utilization, are items worth watching as they may affect future capital allocation and transparency.