Parmeshwar Metal Incorporates Subsidiary Parmeshwar Copperx Pvt Ltd

Parmeshwar Metal Ltd announced that its Board of Directors has approved the incorporation of a new wholly-owned subsidiary, "Parmeshwar Copperx Private Limited", under the Companies Act, 2013. The subsidiary will be based in Gujarat, India, and will operate in the metal industry, focusing on manufacturing metal products including copper extrusion. The initial investment in the subsidiary will be Rs. 5,10,000, representing 51% of its total equity share capital. This move signifies the company's strategic expansion into new manufacturing ventures within the metal sector.