Parmeshwar Metal Ltd — Important, 03-01-2026: Company Update

Parmeshwar Metal has received an order from the GST Authority confirming a tax demand of approximately Rs 1.56 Cr, along with applicable interest and penalties of Rs 3.62 Cr. This approximately Rs 5.18 Cr demand stems from alleged inadmissible ITC received from non-existent suppliers. The company plans to file an appeal against this order, believing the demand is without merit and expecting it to be set aside. Management foresees no material impact on the company’s financial or operational activities.