Board Meeting Details

The Board of Directors meeting was held on Wednesday, 27th May 2026, commencing at 04:00 PM and concluding at 06:15 PM.

Key Approvals and Outcomes

1. Audited Standalone Financial Statements: Approved the audited standalone financial statements for the year ended March 31, 2026.

2. Audited Standalone Financial Results: Approved the audited standalone financial results for the quarter and financial year ended March 31, 2026 along with Audit Report. (Annexure-A)

3. Annual Secretarial Compliance Report: Approved the Annual Secretarial Compliance Report for FY2026 issued by Dabas S & Co., Company Secretaries, pursuant to Regulation 24A(2) of SEBI LODR Regulations.

4. Internal Auditor Reappointment: Upon recommendation of the Audit Committee, reappointed M/s Shyam Goel & Associates, Chartered Accountants (Firm Registration No. 011046N) as Internal Auditors for Financial Year 2026-27. (Annexure-C)

Financial Results Highlights (Standalone)

Year Ended March 31, 2026 (Audited) vs March 31, 2025 (Audited)

  • Total Income: ₹9,745.20 lakhs (FY2025: ₹9,967.46 lakhs)
  • Revenue from Operations: ₹9,724.33 lakhs (FY2025: ₹9,745.20 lakhs)
  • Total Expenses: ₹9,763.22 lakhs (FY2025: ₹9,869.38 lakhs)
  • Profit Before Tax: ₹(18.02) lakhs (FY2025: ₹98.08 lakhs)
  • Total Tax Expense: ₹27.03 lakhs (Current tax: ₹24.85 lakhs, Deferred tax: ₹2.18 lakhs) (FY2025: ₹64.36 lakhs)
  • Net Profit/(Loss) for the Period: ₹(45.05) lakhs (FY2025: ₹33.71 lakhs)
  • Total Comprehensive Income: ₹(45.05) lakhs (FY2025: ₹33.71 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹(0.05) (FY2025: ₹0.12)

Quarter Ended March 31, 2026 (Audited)

  • Total Income: ₹2,014.81 lakhs
  • Revenue from Operations: ₹2,059.86 lakhs
  • Total Expenses: ₹2,060.15 lakhs
  • Profit Before Tax: ₹(45.34) lakhs
  • Total Tax Expense: ₹0.29 lakhs (Current tax: ₹0.27 lakhs, Deferred tax: ₹0.02 lakhs)
  • Net Profit/(Loss) for the Period: ₹(45.63) lakhs
  • Total Comprehensive Income: ₹(45.63) lakhs
  • Earnings Per Share (Basic & Diluted): ₹(0.20)

Key Financial Metrics

  • Depreciation, Depletion and Amortization Expense: ₹48.24 lakhs (FY2026)
  • Employee Benefit Expense: ₹83.58 lakhs (FY2026)
  • Finance Costs: ₹12.67 lakhs (FY2026)
  • Other Income: ₹20.87 lakhs (FY2026)

Balance Sheet Position (as at March 31, 2026)

  • Total Assets: ₹4,448.82 lakhs (March 2025: ₹5,226.14 lakhs)
  • Non-current Assets: ₹20.25 lakhs (including Property, Plant and Equipment: ₹2.16 lakhs)
  • Current Assets: ₹4,428.57 lakhs (including Inventories: ₹0, Trade Receivables: ₹19.83 lakhs, Cash and Cash Equivalents: ₹519.31 lakhs, Loans: ₹2,791.53 lakhs)
  • Total Equity: ₹4,218.17 lakhs (Equity Share Capital: ₹1,396.00 lakhs, Other Equity: ₹2,822.17 lakhs)
  • Current Liabilities: ₹230.65 lakhs (including Borrowings: ₹67.57 lakhs, Trade Payables: ₹155.07 lakhs)

Audit Details

  • Statutory Auditors: M/s. Gaur & Associates, Chartered Accountants (ICAI Firm Registration number 005354C)
  • Audit Opinion: Unmodified opinion issued on standalone audited financial results for quarter and year ended March 31, 2026
  • Audit Committee: Reviewed the financial results before board approval

Large Corporate Status Disclosure

Pursuant to SEBI Circular dated November 26, 2018:

  • Outstanding long-term borrowings at start of FY: Nil
  • Outstanding long-term borrowings at end of FY: Not disclosed
  • Highest credit rating: Not Applicable
  • Incremental borrowing during year: Nil
  • Borrowings via debt securities during year: Not disclosed
  • Conclusion: Company does not fall under Large Corporate (LC) category

Additional Information

  • Business Segment: Only one business segment - Ferrous/Non Ferrous Metals and its products
  • Figures for quarter ending March 31, 2026 are balancing figures between audited full year figures and published unaudited year-to-date figures up to third quarter
  • Trading Window: Closed until 48 hours after results are made public on May 27, 2026
  • Face Value of Equity Shares: ₹2
  • Paid-up Equity Share Capital: ₹1,396.00 lakhs

Annexures Submitted

1. Annexure-A: Audited Standalone Financial Results and Auditor's Report

2. Annexure-B: Declaration regarding unmodified audit opinion

3. Annexure-C: Details of internal auditor reappointment under Regulation 30