Notes to Accounts of Parmeshwar Metal Ltd.

Mar 31, 2025

t Provisions, Contingent Liabilities and
Contingent Assets

A provision is recognized when the company has a
present obligation as a result of past event, it is
probable that an outflow of resources embodying
economic benefits will be required to settle the
obligation and a reliable estimate can be made of
the amount of the obligation. Provisions are not
discounted to their present value and are
determined based on best management estimate
required to settle the obligation at the balance
sheet date. These are reviewed at each balance
sheet date and adjusted to reflect the current best
management estimates.

A contingent liability is a possible obligation that
arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of
one or more uncertain future events beyond the
control of the company or a present obligation that
is not recognized because it is not probable that an
outflow of resources will be required to settle the
obligation. A contingent liability also arises in
extremely rare cases where there is a liability that
cannot be recognized because it cannot be
measured reliably. The company does not
recognize a contingent liability but discloses its
existence in the financial statement.

u Corporate Social Responsibility

As per Section 135 of the Companies Act, 2013, a
company, meeting the applicability threshold,
needs to spend at least 2% of its average net profit
for the immediately preceding three financial years
on corporate social responsibility (CSR) activities.
The areas for CSR activities are eradication of
hunger and malnutrition, promoting education, art
and culture, healthcare, destitute care and
rehabilitation, environment sustainability, disaster
relief and rural development projects. A CSR
committee has been formed by the Company as per
the Act.

v Related Party Disclosure

The disclosure in respect of the related parties and
disclosure in respect of transactions made during
the period along with the details of transactions
giving name of the related party, nature of relation,
nature of transactions, volume of transactions, have
been given in the notes forming part of financial
statements. The disclosures in that respect made by
the management have been relied upon by the
Auditors.

w Prior Period Items

Materials items of income or expenditure
pertaining to one or more prior periods have been
disclosed in the financial statements in a manner
that their impact on the current profit or loss can be
perceived.

As per our report of even date

For Gattani & Associates For and on behalf of the Board of Directors

Chartered Accountants Parmeshwar Metal Limited

Firm''s Registration No. 103097W (Previously known as Parmeshwar Metal Private Limited)

Varun Jajoo

Partner Suchit M. Patel Shantilal K. Shah

Whole Time Director Managing Director

Membership No. 167349 DIN: 06372699 DIN: 03297356

UDIN: 25167349BMJUQQ1779

Place: Ahmedabad Vijay Shah Dhara Motka

Date: 15th May, 2025 Chief Financial Officer Company Secretary

An order Dated 06/03/2025 is issued by Income Tax Department for A.Y 2020-21 for demand of '' 14.21 lacs. Company is of the
view that demand by Income Tax Department is incorrect an hence appeal is filed for the same.

Company has made commitment to various parties for acquisition of new manufacturing facilities worth '' 218.08 lacs and
already paid '' 93.07 lacs as advance and company has outstanding payment obligation of 125.01 lacs which will be paid on the
receipt of such facilities.

Company has made commitment to a party for the capital expenditure for furnance renovation worth '' 186.67 lacs and already
paid '' 40.00 lacs as advance and company has outstanding payment obligation of 146.67 lacs which will be paid on the receipt
of such materials.

Reasons forVariances

i) Positive Variance of Current Ratio is due to increase in sundry debtors, Advance given for the Fixed assets and Raw
materials and decrease in current liabilities.

ii) Negative Variance of Debt-Equity ratio due to repayment of unsecured loans during the period and increase in Equity due
to Initial Public Issue.

iii) Positive Variance of Debt Service Coverage Ratio is due to increase in EBITA and reduction of interest expense on account
of repayment of unsecured loans.

iv) PositiveVarinace of Inventory Turnover Ratio is due to decrease in the inventory level.

v) PositiveVariance in theTrade PayablesTurnover Ratio is due to decrease in Trade payables.

vi) Negative Variance in the Net CapitalTurnover Ratio is due to increase in Net Working Capital.

vii) PositiveVarinace in Net Profit Ratio is due to increase in profitability.

43 Disclosure where company has given loan or invested to other person or entity to lend or invest in another person or

entity

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities

(Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the company (ultimate beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

44 Disclosure where company has received fund from other person or entity to lend or invest in other person or entity

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (funding party)
with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the funding party (ultimate beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries

45 Undisclosed Income

The Company does not have any such transactions which is recorded in the books of accounts that has been surrendered

or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

Corporate Social Responsibility was applicable from the financial year 2020-21 and company does not have any unspent
amount on that account as at the year end.

Nature of CSR activities

Company has donated the amount as part of CSR activity for Education of Children

47 Details of Crypto Currency

The Company has not traded or invested in any Crypto orVirtual Currency during the financial year.

48 Other Statutory Disclosures as per the Companies Act, 2013

The company has not entered with any scheme of arrangement in terms of sections 230 to 237 of Companies Act, 2013.
The financial statements are presented as per Schedule III of the Companies Act 2013 bifurcating assets and liablities in current
and non-current based on the normal operating cycle identified by the management.

49 Subsequent Events

The Board of Directors of the Company at their meeting held on 15^th May,2025 , has proposed a final Dividend of '' 0.75 per
equity share (Face Value of '' 10/- each). Same is subject to approval of Shareholders in the ensuing Annual General Meeting.

50 Unutilised Proceeds from Initial Public Issue

The Company has unutilised funds of '' 301.90 lakhs from proceeds of initial public issue.

51 Non-monetary items that are measured in terms of historical cost in foreign currency are not re-translated and unrealised loss
on outstanding non-monetary foreign exchange transactions is ''11.94 lacs.

52 Payment of ''1.71 lacs for Import of Stores and Consumables is due since November 2022. Company will initiate the process of
write-back after the completion of 4 years with the approval of RBI.

53 Break up of expenditure on employees who are in receipt of remuneration which in aggregate was not less than '' 102.00 lacs/-
p.a. if not employed throughout the year or '' 8.50 lacs/- p.m. if employed for a part of the year is : None (P.Y. None).

54 Unhedged Foreign Currency as the year End - Nil (PY - Nil).

55 Figures are rounded off to the nearest Rupees in lakhs.

56 Previous year figures have been regrouped, re-arranged and reclassified wherever necessary.

As per our report of even date

For Gattani & AssociatesFor and on behalf of the Board of Directors

Chartered Accountants Parmeshwar Metal Limited

Firm''s Registration No. 103097W (Previously known as Parmeshwar Metal Private Limited)

Varun Jajoo

Partner Suchit M. Patel Shantilal K. Shah

Whole Time Director Managing Director

Membership No. 167349 DIN: 06372699 DIN: 03297356

UDIN: 25167349BMJUQQ1779

Place: Ahmedabad Vijay Shah Dhara Motka

Date: 15th May, 2025 Chief Financial Officer Company Secretary

---

Mar 31, 2024

xl) Provision :

A provision in icoognutcd when the company ho* a present obligation »a n
renuJt of post event, il in probable that an outflow nf rvsmmrcn embodying
economic benefit* will br required to settle the obligation and .1 reliable
estimate cun be mndr of the amount of the oblifluiuin. Piwuuuns me not:
discounted to their present value and are determined hissed un torsi
management estimate required to settle the obligation at th< balance sheet
dale. These arc reviewed at each balance sheet duir and adjusted to reflect the
current best management cstimatr*

xii) Taxes on Income :

Tax expense comprise* of current and deferred tax Current (mxitrii: *.u iti
measured at the amount expeeted ui be paid in the tux .lulhonur* in
accordance with the Income Tux Act. 1961 enacted in India t in tux m(c and
tax Laws uwxJ to compute ilic amount arc tlxiK that arc enacted or
substantially mucted. at the reporting date

Deferred tux reflect* tl\c impact of current pcncid timing dilfrrem between
taxable income and accounting income for the period and reversal of timing
differences of earlier years. Inferred tux in rocoNurcd bused on the tax rates
and llic tax Laws enacted or substantively enacted ut the hula nit sheet date
The drferred titx asset :t« recuRznxed and earned forward cml> tn the extroi that
there is u reasonable or virtual certainty us the ruse mav tn:, that si » .ssei will
be reduced m future.

xlil) Con! indent Liabilities :

A contingent liability ill a pontdblc obligat um that arm-#/iom punt own''* whoM
existence will be confirmed by the occurrence or non uncertain future rwnta beyond the control of I he company or a present
obligation thut :* noi recognized because n is nul probable (but an outflow of
resources will be required to settle the obligation A crmtlngpnt liability uiao
urisch in extremely rnre ease* where there ;n .» liability that ’aennot rx-
recognized because h cunnot ire measured reliably The coropuny does not
recognize n contingent liability but discloses its existence in the financial
statement

xiv) Operating cycle for current and non-current classification:

All assets rtnd luibilitir* arc classified us current and nun-current as iwr the
normul operating cycle of the Company Hased on the nature of service*
rendered to live vustomcra and time elapsed between rlcplnymem oi n source*
nml realization in cash and cash equivalent of the cottnidemtion thereto f the
Company ban ennui dered un operating cycle of 12 mimth*. The clavtUU.titan
has been mjide based on the Management''s perception about reftii-m tat try time
line in runjicct of such unset*

xv) Corporate social reaporisibilitys

As per Section 135 of the Companies Art, 2013, a company, tnrrting the
applicability threshold, needs U> spend ul lean? 2% of Us .»v»t»rc tie? pruftt tot
the immediately preceding three financiui year* un corporate social
responsibility (CSK) activities The arc,is for CSR activities are eradication ttf
hunger and malnutrition, promoting edheauim. an lincl culture. healthcare,
destitute care ond rrhabtiitotum. environment uusUtnability dnui iUJ? rclicl
and rural development projects. A CSK conimiiicc has been formed by he
Company as per the Act

xvi) Segment accounting:

The company is engaged in single segment nf business l.r manufacturing and
trading in Copper related products As regard* geographical m*mcnl company
operate* in single segment i.c India only. IJcner the management hms not
identified any reportable segment.

xvll) Related party disclosure:

The disclosure in irwpcct of the related pu/ticx tind dlai lostin* m crajxxt of
transactions mode durum the period along wth the detail* of transittiont.
giving name of the related party, nature of rchitlun, nature of trail*:mama,
volume of transactions. have been given in Ihc notes farming part of financial
statement*. The disclosure* in that respect made by tbr manngnncni lim*
been relied upon b> the Auditors

xviii) Prior period items:

Materials items of income or expenditure pertaining to one »ir mote prior
periods have been disclosed m the financial statement* in a manner that their
impact on the current profit or loss can be perceived.

xix) Investments:

hong Term investment* are Mated at o>M at acquisition

Shan term investment arc stated at lower «f tost or it* fair market value us
on the Balance Sheet date

Met* 40 »(—T»«*« *****

1%^ —_r — ''---»- ‘«¦----''!¦-» —-ut ttW TMl*tU* *w» *** * #» d/Ott

Sr-»at-*i S-r- « tititnsiii Cu ter mp*l-n *wl/ «r tspcra* t< *07 rf U»te *ad tnum^f»-na Ut!ba

- ,4* » #-»..r f:''•* .*¦• r« iMjMfltil •-:.x,::.i :.«.» ''liir* n r-r⁷:)? <•".: MfftfftQl MM llWi *''•''•¦ • ^,: ¦¦ ¦''¦•¦•¦; •'' • ''^,f ''•

trf upto 41.00.000 rquttjr tiuuw of ft* 10 **eb at * praxua to ba 4*ci4»d

fb^kai a( ™w*uia an at- art to m** <* mBuiau.D-n *hkh a '' ^ *•• than *“• 1 tf.00.OC/-

_rx D nut emojrxi ihrvufr** Uu rc«r or K*. 4,50,000,''•• P-~ * -afi^l tea a part af tht y«r t. RM *"*-

n»*« 48: Detail* arf 0—»*t tULi

tfo ptecr''ili*** hat* bon b*n*!td <* prauUn* a^*:r—I th* tamp**? tee b»J«M« 1*7 tflMt ?up- - jnArr tfca

IWanrtm (45 * 1 MSI kM tfeft v«£m Md* IMtuitdir

5ota 43: WUfal DvUulUt

Tin rwiilij Trr net barn glared wVArt Aafeullt* byanj UAiikt or L-mmtfkjn* m oU-r X^nr a «h

it- ptukpOnat m «0ftii aatanttm Unuaft fej rraar* bcaa 9/ tiulia

Nut* 43: MagUtratlna «f>Urp« or aattateatle* *Mh KaOatraJ «l Cempettle#

Tha CWVJOB7 .loot n*t tetia 19 shai^e or aaUotetXio -Web la 7* ** U* r*#»tmel *Uft «f tieoipuiMa bayaai

hl-tij!—Of prtud

Kata 44 Coa^UaaM a4Ul aaathrr arf irtyaaa at CvmTtalat

Thf Craw? ha* rnf“-‘‘ wlih ft* prrM-ont rf aUuaa IfT) * «f (ft* Art »«ul «Uft Cw I f^rlai .RraHWUoo a.

jrumlrrr tf layer* Rulr*. 30iT

jy Tfaa Caanpss/ ha* set aoTaac—i or leaned v inwaiai ?— - • ta *ixj ^ber pri*«3e»!a! rnDTrO** . lnt£uLu4 ¹"^r ''ft¹ *nt:t»*a

OaternteOknaai Mth tha utatatuatttnt tSuti Uta IntanatUiai^ tltAU-

f4i treaty «r WtifeacSy ta5 or tan^; .Y.s^Vrr ar Ur.airt a 4*7 e-^*f -Su^«s«aa Ujr «* t*. 1 ibm.

•.

(bl pwrtSa a«7 «ua«hlro. ar. ufto st—i*»**on bchaS UBmata bw*.*—

; jj Thf Cat.pmstr *»• OM nemo a;iy hwid B* *flj jwra^l «f *nrttr<*4l mrrurtft* fcr**i #n«-»-a lUatlaf i-ftyt *«h the
uruic-auadtr* t-tuUKrt mo>Mtu «rtiiu« — 4t>«ral*rt ''^k-«t (ha C

¦at flimiJyartodliact^Umftaa laraat to oO-r fo/aaoa or antmaa l InrrtftaB la wqr^acaar aftataaa^aa by <* p.* e»

r^adiftc r-«m IllttMi teorte-urta*} ar

RM per*!* acw coanmfta. aartwtty w ttea JJto on IriaJrfBU ultur.4l« banjrfr«r»w
.nett *• Ua41a«Jea«4 Uca-o

rb* Ciaepeny eloea t»e hart auy each Uona af_dn is raesnta^ in ibr bo<=*a erf anewata that r—• baan r=rr*wi*rtd ar

ttwfaoail u »-obb» ftaMf d« yaar tr.UaUi aiMiiwrU ex»rfw 1l»a lux** Tt« Art. 1 Wit

Note 4* Cam|Ul«a*a ertth apprarad »cJi»bw n>yM»l

THU itatmty Xa§ n« taw* *nf «rrj act— */ BUMp-a-ir *••«** «< * *“> *»^{w 1} Af 1 -<»I»

••U ®0 IWtalla «f Crypto Cwtiwy •• Virtual Currant,

ThaGmuutfty TwmdPt umbn* *♦ im<—itift *^nrC*r^» ¦• WtualCu»m-.y d ui it*I*'' ''•*'' l^rx''

i«i« Sir

ft,%¦---- am - tt arr px*=ted*4per M =tomua* • - * liafiftnm .n

i .trrtll act.-Ill •-UT,rj tm~4;m tl»«Mn»-»>-i-rmmd oV**H*iMnts »nr «- • ----- «• a team *«••

n-rr TtmpmX . nH«*>T*—* «herm ?«*ean » tviapul «uil ifer luitrtil yna t ca^mXaWW . *t<* -*md#

Kata O''

I''e-iir* wf r-ar_twi nil =» tW hmm*! lfcp*** in Mi*

Mtrt*

, . PM^V wHfaraa t-m bam nsmaped r» **d *«l*-ifcarf at*rattr nMVMarr

ru end on behalf of th« Do»*d Of Dlnwlot
Chartered Accountant* Pmjroecharar Mrtal Limited

Finn Ha* Bo 109O97W |!»r**tou*ly Kooao a* Pariarul.arar Mmal Frtvida LimlMdt

r*j Vft&u Jaktt # ''->¦ < »L--^£«85wt W INitel Hbaotllal K Bhoh \

Partner /£ • (Whoi# Ttma DUertm) |Ma**cmt Duetto*}

au>ta«M»lt^l«7M* MS, OMTSSU* «** OJWTJM.

• vsshtk ''*•*-

COI» auiMmu^rtf JciuiimiuotUI MBr«r1 llT»in»inT SMWHtfTl

’^=ⁱ'' Data. 061b Scp««tuber.303<»

Place: Atimadabad