Key Approvals

1. Approved the Audited Financial Results of the Company for the Quarter and Year ended on March 31, 2026, along with the Auditor's Report.

2. Approved the Statement of Deviations/Variations for the proceeds of Preferential Issue Convertible Warrants for the Year ended on March 31, 2026, as per Regulation 32 of SEBI (LODR) Regulations, 2015.

Financial Results Highlights (Amount in ₹ Lakhs)

Quarterly Performance (Q4 FY2026)
  • Total Income: ₹205.03 lakhs (compared to ₹5,351.72 lakhs in Q3 FY2026 and ₹1,591.68 lakhs in Q4 FY2025)
  • Revenue from Operations: ₹202.49 lakhs from sale of products and services
  • Other Operating Income: ₹2.54 lakhs
  • Total Expenses: ₹182.75 lakhs
  • Profit Before Tax: ₹22.28 lakhs
  • Tax Expense: ₹4.42 lakhs
  • Net Profit: ₹17.86 lakhs
  • Basic and Diluted EPS: ₹0.07
Annual Performance (FY2026)
  • Total Income: ₹12,910.87 lakhs (compared to ₹12,492.99 lakhs in FY2025)
  • Revenue from Operations: ₹12,908.33 lakhs from sale of products and services
  • Other Operating Income: ₹2.54 lakhs
  • Total Expenses: ₹12,556.39 lakhs
  • Profit Before Tax: ₹354.48 lakhs (compared to ₹142.02 lakhs in FY2025)
  • Tax Expense: ₹91.29 lakhs
  • Net Profit: ₹263.19 lakhs (compared to ₹97.40 lakhs in FY2025)
  • Basic and Diluted EPS: ₹1.00 (compared to ₹0.41 in FY2025)

Segment-wise Performance (FY2026)

The company operates in two reportable segments:

1. Chemicals Segment: Revenue ₹5,819.19 lakhs, Segment Result (Loss) ₹(512.35) lakhs

2. Steel Segment: Revenue ₹7,089.14 lakhs, Segment Result Profit ₹866.83 lakhs

Capital Structure

  • Paid-up Equity Share Capital: ₹2,628.92 lakhs (Face value ₹10 per share)
  • Other Equity (Reserves): ₹1,774.39 lakhs
  • Share Warrant Money Received: ₹1,827.01 lakhs

Cash Flow Statement (FY2026)

  • Net Cash from Operating Activities: ₹(1,832.23) lakhs
  • Net Cash from Investing Activities: ₹(4.07) lakhs
  • Net Cash from Financing Activities: ₹1,880.03 lakhs
  • Net Increase in Cash: ₹43.73 lakhs
  • Cash & Cash Equivalents at year-end: ₹86.30 lakhs

Preferential Issue and Fund Utilization

The company declared no deviation or variation in the utilization of funds raised through preferential issue of convertible warrants:

  • Total funds raised: ₹219.63 lakhs (75% of total consideration received on November 29, 2025)
  • Original allocation for Working Capital: ₹749.77 lakhs, Utilized: ₹158.47 lakhs
  • Original allocation for General Corporate Purpose: ₹249.92 lakhs, Utilized: ₹52.82 lakhs
  • The company received 25% of total consideration (₹189.33 lakhs) for 58,032,500 convertible warrants in September 2025

Additional Information

  • The company has adopted IND AS for the first time during the period
  • No subsidiary companies
  • No investor complaints received, disposed of, or unresolved as of March 31, 2026
  • The audit committee reviewed and the Board of Directors approved the results on July 2, 2026