Paramount Speciality Forgings Approves Key Appointments, Sets AGM Timeline
Paramount Speciality Forgings Limited, formerly Paramount Speciality Forgings LLP, has finalized several corporate decisions following its Board meeting on August 25, 2026. The Board meeting included the approval of the annual reports and the re-appointment of a key executive director.During the meeting, the company approved the draft Board’s Report and the Annual Report for the Financial Year ended March 31, 2026. Additionally, the Board reviewed and accepted the Cost Audit Report, which was received from M/s. Jitendrakumar & Associates, Cost Accountants, for the same financial period.
Key operational and corporate actions approved at the meeting include the appointment of M/s. Dipesh Jain & Co., a practicing Company Secretary, who will scrutinize the e-voting process during the upcoming General Meeting.
AGM Schedule and Corporate Timelines
The company announced the details for its upcoming 3rd Annual General Meeting (AGM) of its members. The AGM is scheduled to be held on Saturday, September 26, 2026, at 01:00 P.M. (IST) via Video Conferencing/Other Audio-Visual Means (VC/OAVM).To facilitate the AGM, the Board set the Record Date for Friday, September 18, 2026, to determine the eligibility of members for voting. The Book Closure period for the Register of Members and Share Transfer Book has been set from Saturday, September 19, 2026, to Saturday, September 26, 2026.
Executive Director Re-appointment
The Board meeting considered and approved the re-appointment of Mr. Mohammed Salim Hararwala (DIN: 00335357), who serves as an Executive Director and retires by rotation.Mr. Hararwala, who is not related to any other directors of the company, holds over 25 years of experience in the current business. His qualifications include a Diploma in Computer Technology from Maharashtra State Board of Technical Education (1995). As part of his responsibilities, he leads manufacturing operations, ensuring alignment with organizational goals and customer needs. He is proficient in ISO standards, drives process improvements and lean manufacturing, and fosters innovation in problem solving.
Details regarding the director are provided below:
| Particulars | Details |
|---|---|
| Name of Director | Mr. Mohammed Salim Hararwala (DIN: 00335357) |
| Reason for Change | Reappointment as Director liable to retire by rotation |
| Term of Appointment | September 26, 2026 (Date of ensuing Annual General Meeting), liable to retire by rotation |
| Brief Profile | Over 25 years of experience in the current business, with expertise in manufacturing operations, ISO standards, and process improvements. |
| Relationship to Directors | Not related |
PSFL Stock Price Movement
Paramount Speciality Forgings Limited shares settled flat at ₹31.05 today following the market close. The stock saw a traded volume of 8,000 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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