Parmeshwar Metal Ltd — Important, 15-04-2026: Company Update

Parmeshwar Metal Limited has received an order from the GST Authority confirming a tax demand of Rs. 1.59 Crore, along with applicable interest and penalties of Rs. 6.07 Crore. This action pertains to alleged inadmissible Input Tax Credit received from non-existent suppliers. The company is taking steps to appeal this order, viewing the demand as without merit and expecting it to be set aside during appellate proceedings. Management anticipates no material impact on the company’s financial or operational activities.