Management Changes

  • Mr. Vankina Sri Rakesh appointed as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective May 25, 2026. He is a Chartered Accountant with over 40 years of experience in finance, accounts, and commercial functions across private and public sector organizations.
  • Mr. Suresh Kumar Bandi (DIN: 00206473), Whole-Time Director designated as Joint Managing Director, assigned additional responsibility of finance function. His designation changed to "Whole-Time Director designated as Joint Managing Director & Director – Finance" effective May 25, 2026.
  • Mr. Anirudh Misra (DIN: 03101359) appointed as Additional Non-Executive & Non-Independent Director effective May 25, 2026, subject to shareholder approval. He is Founder of IMR Group with over 40 years of experience in metals, mining, and international trade sectors.

Financial Results Approval

Board approved Audited Financial Results for quarter and financial year ended March 31, 2026 along with Audit Report pursuant to Regulation 33 and Regulation 52 of SEBI LODR Regulations.

Financial Performance Highlights (₹ in Lakhs)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹28,732.75
  • Other Income: ₹37.14
  • Total Income: ₹28,769.89
  • Profit before tax: ₹2,562.44
  • Tax expense: ₹1,325.40 (Deferred Tax)
  • Net profit: ₹1,237.04
  • Basic EPS: ₹0.10

Year Ended March 31, 2026:

  • Revenue from operations: ₹105,943.99
  • Other Income: ₹697.85
  • Total Income: ₹106,641.84
  • Profit before tax: ₹4,024.50
  • Tax expense: ₹1,325.40 (Deferred Tax)
  • Net profit: ₹2,699.10
  • Basic EPS: ₹0.22
  • Other Equity: ₹44,807.71

Segment Performance (Year Ended March 31, 2026)

  • Steel Business: Revenue ₹95,971.42, Segment Profit ₹11,071.16
  • Power Business: Revenue ₹9,623.48, Segment Loss ₹(422.57)
  • Logistics Business: Revenue ₹348.09, Segment Profit ₹322.30

Key Financial Ratios (Year Ended March 31, 2026)

  • Debt Service Coverage Ratio: 1.97 times
  • Interest Service Coverage Ratio: 2.26 times
  • Current Ratio: 0.71 times
  • Total Debt to Total Assets: 0.24
  • Operating Margin: 12%
  • Net Margin: 3%

Capital Structure

  • Paid-up Equity Capital: ₹12,472.21 lakhs (Face value ₹1 per share)
  • Securities Premium: ₹39,379.76 lakhs
  • Other Equity: ₹44,807.71 lakhs
  • Net Worth: ₹49,740.69 lakhs

Debt Position

  • 14.06% Listed Non-Convertible Debentures: 3,828 NCDs of reduced face value ₹5,09,438 each (from original ₹10,00,000) after part payments
  • Working capital demand loan of ₹2,500 lakhs from Unity Small Finance Bank at 12.45% p.a.
  • Kotak Mahindra Bank enhanced working capital limits from ₹5,000 lakhs to ₹7,500 lakhs at 13.25% p.a.

Subsidiary Update

SEIL Infra Logistics Limited incorporated on June 29, 2025 as wholly owned subsidiary. Not commenced business operations as of reporting date.

Labour Code Impact

The Company recognized financial impacts from implementation of Labour Codes based on Ind AS 19 - Employee Benefits.

Audit Certifications

  • Auditors M/s Pavuluri & Co issued unmodified opinion on financial results
  • Certified security cover for Non-Convertible Debentures, noting compliance with all financial covenants except DSCR covenant
  • Asset Coverage Ratio: 2.91 times for secured borrowings

Meeting Details

Board Meeting commenced at 11:30 a.m. and concluded at 2:48 p.m. on May 25, 2026.