Parmeshwar Metal Ltd — Important, 11-06-2026: Company Update

Parmeshwar Metal Limited's Board has approved the incorporation of a new subsidiary, "Parmeshwar Copperx Private Limited." This strategic move aims to expand the company's operations into manufacturing various metal products, specifically focusing on copper extrusion. Parmeshwar Metal will hold a 51% stake in the new entity, with an initial cash investment of 0.051 Cr. This expansion highlights the company's commitment to strengthening its presence and product offerings within the metal industry, potentially opening new revenue streams and diversifying its business.