- Business
- Panchmahal Steel Limited Panchmahal Steel Limited manufactures and sells stainless steel long products including wire rods, bars, and wires in India and internationally. The company offers stainless steel in austenitic, martensitic, ferritic, duplex, and low nickel-high manganese (200 series) grades; provides hot rolled wire rods and bars for forming, drawing, machining, cold heading, and fastener applications; supplies cold finished bars for precise engineering and free machining; and produces welding wires, fine wires, MIG wires, TIG wires, heat resistant wires, and bright bars. Its products serve industries such as engineering, construction and infrastructure, automotive and railways, consumer durables, food processing and dairy, housing, pharmaceuticals, architecture, building and construction, automobile components, ball bearings, bar and wire drawing, braiding, cold heading and fasteners, and cylinder shafts. Panchmahal Steel Limited operates fully integrated facilities from steel melting with a 50 metric ton electric arc furnace, argon oxygen decarburization converter, ladle furnace, and continuous casting to cold finishing; maintains its registered office in GIDC Industrial Estate, Kalol, Dist. Panchmahals, Gujarat, and corporate office in Vadodara, India; and was incorporated in 1972 as a subsidiary of Honeyvick Enterprises Private Limited with approximately 547 employees. In recent developments, the company appointed additional directors Mr. Swapon Lalitmohan Adhikary and Mr. Jaswantkumar Jain as independent directors effective August 12, 2024, ahead of its 51st annual general meeting on September 27, 2024; reconstituted its nomination and remuneration committee; re-appointed statutory auditors M/s CNK & Associates, LLP for a second five-year term; ratified cost auditor remuneration for the financial year ending March 31, 2025; and reported earnings for the first quarter ended June 30, 2025, and full year ended March 31, 2025.