Parmeshwar Metal Ltd — Updates, 01-05-2025: Company Update

Parmeshwar Metal Limited has announced a demand from the Deputy Commissioner of State Tax related to Input Tax Credit and tax liability from GST returns for FY 2018-19, totaling Rs. 292.16 lakh in tax, Rs. 346.22 lakh in interest, and Rs. 43.82 lakh in penalty. The company plans to respond to this communication and states there is no material financial impact on its operations or results at this stage. This issue relates to past GST filings and does not currently affect ongoing business performance or shareholder value.