Voting Result of AGM held on 30th September, 2025 and Scrutinizer Report thereon.
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Parmeshwar Metal Limited held its 9th AGM on September 30, 2025 via video conferencing, where all 8 resolutions were passed with overwhelming support. Key items included adoption of FY25 audited financials, declaration of a final dividend of Rs. 0.75 per share (7.5%), reappointment of Mr. Suchitkumar Patel as director, and appointment of Shah & Shah as statutory auditor. A related-party transactions resolution was approved with 99.79% support (promoters with 17.25 lakh shares abstained due to interest). The most notable item was a Special Resolution to vary the objects/terms of utilization of IPO proceeds, passed with 99.94% support. Overall, about 69.85% of total outstanding shares (1.07 crore out of 1.53 crore) participated in voting, with 13 promoter representatives and 3 public shareholders attending via VC.
Routine AGM outcomes with all resolutions passing cleanly — the dividend of Rs. 0.75/share is the most tangible shareholder benefit. The approval to vary IPO fund utilization is worth watching as it signals a change in the company's stated deployment plan for the money it raised from the public issue.