Statement on Deviation or Variation for Proceeds of Public Issue for Half-Year ended 31st March, 2025.
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Parmeshwar Metal Ltd, listed on BSE SME in January 2025, reported audited FY25 revenue from operations of ₹1,38,243 lakhs, up about 26% from ₹1,10,022 lakhs in FY24. Profit after tax rose nearly 54% to ₹1,097.81 lakhs from ₹712.69 lakhs. The board recommended a final dividend of ₹0.75 per share (face value ₹10) subject to shareholder approval. The company raised ₹2,474.16 lakhs from its public issue and has utilised ₹2,161.13 lakhs so far, with no deviation or variation reported in the use of proceeds. The statutory auditor issued an unmodified opinion, and new Secretarial, Internal, and Cost Auditors were appointed for FY26 onwards.
Strong topline and bottomline growth in the first year post-listing, combined with an unmodified audit report and disciplined IPO fund usage, are positive signals for shareholders. The modest dividend and continued capex suggest management is reinvesting for growth rather than returning excess cash.