Key Decisions and Approvals

1. Approval of Financial Results:

The Board of Directors approved the Un-audited Standalone Financial Results of the Company for the quarter ended June 30, 2026.

2. Appointment of Secretarial Auditor:

The Board approved the appointment of M/s. Reecha Goel and Associates, Practicing Company Secretaries (Peer Review No. 756412025), as Secretarial Auditor of the Company. The appointment is for a term of one financial year (2026-27) and is subject to approval by members at the ensuing Annual General Meeting.

Detailed Financial Results (Unaudited Standalone)

Income Statement for Quarter Ended June 30, 2026 (₹ in Million):

  • Revenue from operations: ₹1,516.74
  • Other Income: ₹21.74
  • Total Income: ₹1,538.48

Expenses:

  • Cost of materials consumed: ₹817.46
  • Purchases of stock-in-trade: ₹16.14
  • Changes in inventories: (₹58.08)
  • Employee benefits expense: ₹121.14
  • Finance costs: ₹4.32
  • Depreciation and amortization: ₹35.48
  • Other expenses: ₹344.48
  • Total Expenses: ₹1,280.94

Profitability:

  • Profit before tax: ₹257.54
  • Total tax expense: ₹65.60 (Current tax: ₹67.26; Deferred tax: (₹1.66))
  • Profit for the period: ₹191.94

Other Comprehensive Income:

  • Net of tax loss: (₹0.50)
  • Total Comprehensive Income for the period: ₹191.44

Earnings Per Share (EPS):

  • Basic and Diluted EPS: ₹4.92 (for the quarter)

Comparative Figures (₹ in Million):

  • Quarter Ended March 31, 2026 (Unaudited): Revenue: ₹1,311.63; Net Profit: ₹213.86; EPS: ₹5.48
  • Quarter Ended June 30, 2025 (Unaudited): Revenue: ₹1,284.96; Net Profit: ₹154.22; EPS: ₹3.95
  • Year Ended March 31, 2026 (Audited): Revenue: ₹5,340.25; Net Profit: ₹646.36; EPS: ₹16.56

Capital Structure:

  • Paid-up equity share capital (face value ₹10 per share): ₹390.39 Million
  • Other equity (Reserves excluding revaluation reserve) as of March 31, 2026: ₹2,670.60 Million

Details of Secretarial Auditor Appointment

Reason for Change: Appointment of a new Secretarial Auditor.

Date of Appointment: Approved by the Board on September 07, 2026, for the financial year 2026-27.

Brief Profile of Appointee: M/s. Reecha Goel and Associates (FCS, M.Com., Registered Valuer). The firm has 22 years of post-qualification experience and provides services in Secretarial Audit, Company Law matters, SEBI and listing compliances, public issues, corporate compliance matters, and valuation services.

Auditor's Review Report

Ashwani & Associates, Chartered Accountants (Firm Registration No.: 000497N), issued a limited review report on the financial results. Based on their review, nothing came to their attention to suggest the statement contains any material misstatement or has not disclosed information as required by SEBI Listing Regulations.

Important Contextual Notes

1. Post-IPO Listing: The company completed its Initial Public Offering (IPO) subsequent to the quarter ended June 30, 2026. The IPO comprised a fresh issue of 32,63,157 equity shares and an offer for sale of 73,20,001 equity shares, both at an issue price of ₹285 per share. The equity shares were listed on BSE Limited and National Stock Exchange of India Limited on August 19, 2026.

2. First Quarterly Disclosure: These are the first quarterly results submitted by the company pursuant to Regulation 33 of the SEBI LODR Regulations following its listing.

3. Figure Preparation: The figures for the quarter ended March 31, 2026 are balancing figures derived from the audited annual figures and prior unaudited quarterly figures. They were not subjected to a limited review by the statutory auditors.

4. Segment Reporting: The company operates as a single primary segment (manufacturing and trading of Iron and Steel products) with no separate geographical segments.

Meeting Logistics

  • The Board meeting was held on Monday, September 07, 2026.
  • The meeting was conducted in hybrid mode.
  • The meeting commenced at 2:00 PM IST and concluded at 4:00 PM IST.