JKB Financial Services Ltd.

As on : 27-Aug-2026

Corporate News
27-Aug-2026 20:59

Parmeshwar Metal seeks shareholder approval August 18 for director reappointment and RPTs

Parmeshwar Metal Limited will seek shareholder approval on August 18, 2026, for the re-appointment of Director Piyush Giriraj Shah, who currently serves as Chairman and Non-Executive Director since 2018, and for a slate of Related Party Transactions (RPTs). Mr. Shah, born October 14, 1982, holds 1233750 shares and brings over eight years of experience in the metal industry, with expertise in legal, management, and operational areas. The RPTs, totaling a substantial estimated value with individual transactions ranging from Rs 500 Lakhs to Rs 20,000 Lakhs, involve dealings with entities including Parmeshwar Recycling Limited and Yogeshwar Metal Private Limited, and are described as ordinary business transactions conducted at arm’s length. Notably, related parties are excluded from voting on the RPT resolution, as per Securities and Exchange Board of India (SEBI) regulations, and full details of the transactions are available for shareholder review.

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