Key Decisions and Approvals

  • The Board of Directors approved and took on record the Unaudited Financial Results of the Company for the quarter ended 30th June, 2026, along with the Limited Review Report of the Statutory Auditor.
  • The Board decided that the 47th Annual General Meeting (AGM) of the Company will be held on Friday, September 18, 2026, at 02:30 P.M. through Video Conferencing/Other Audio Visual Means (VC/OAVM).
  • The Board approved the appointment of M/s. Sudhir Kumar Jain & Associates, Chartered Accountants (Firm Registration No. 318016E) as Statutory Auditor of the Company for a term of 5 consecutive years. The appointment is effective from the conclusion of the 47th AGM until the conclusion of the 52nd AGM in 2031, subject to member approval. This replaces the existing auditor, R. Gopal & Associates, Chartered Accountants (Firm Registration No. 000846C).

Financial Results for Quarter Ended June 30, 2026 (Unaudited)

All figures in ₹ lacs except for EPS:

Income Statement:

  • Revenue From Operations: ₹21,303.49
  • Other Income: ₹30.67
  • Total Income: ₹21,334.16

Expenses:

  • Cost of Materials Consumed: ₹18,590.60
  • Changes in Inventories: ₹958.61
  • Employee Benefits Expense: ₹220.64
  • Finance Costs: ₹71.35
  • Depreciation and Amortization: ₹96.21
  • Other Expenses: ₹860.93
  • Total Expenses: ₹20,804.34

Profitability:

  • Profit Before Tax: ₹529.82
  • Current Tax (Current Year): ₹140.36
  • Deferred Tax: (₹6.79) [credit]
  • Profit for the Period: ₹396.25
  • Other Comprehensive Income (after tax): ₹8.76
  • Total Comprehensive Income: ₹405.01

Capital Structure:

  • Paid-up Equity Share Capital (Face Value ₹10/share): ₹4,676.38

Earnings Per Share (₹):

  • Basic EPS: 0.87 (not annualized)
  • Diluted EPS: 0.87 (not annualized)

Comparative Financial Data

Quarter Ended June 30, 2026 vs. Previous Periods:

  • Revenue From Operations: ₹21,303.49 (Q1 FY27) vs. ₹21,943.49 (Q4 FY26) vs. ₹21,975.69 (Q1 FY26)
  • Net Profit: ₹396.25 (Q1 FY27) vs. ₹452.11 (Q4 FY26) vs. ₹371.51 (Q1 FY26)

Full Year Reference (Audited):

  • Year Ended March 31, 2026: Revenue ₹84,029.78, Net Profit ₹1,151.64, EPS ₹2.54

Auditor Information

New Auditor Profile - M/s. Sudhir Kumar Jain & Associates:

  • Firm Registration No.: 318016E
  • Experience: 39 years in Statutory Audit, Concurrent Audit, Internal Audit, Transaction Audit, Taxation, and Company Law Matters
  • Industry Expertise: Steel & Metals, Sponge Iron, Seamless Steel Tubes, Aluminium, Forging & Automotive, Mining, Power, Transmission, Cement, Infrastructure & Highways, Banking & Financial Services, Trading, Government & Public-Sector Organisations, Service Sector
  • Valid Peer Review certificate held

Reason for Change: Mandatory rotation for appointment of Statutory Auditor as per Section 139 of the Companies Act, 2013.

Meeting Details

  • The Board meeting commenced at 02:30 P.M. and concluded at 03:55 P.M. on August 10, 2026.
  • The financial results were reviewed by the Audit Committee and approved by the Board of Directors.

Additional Notes from Financial Statements

  • The company operates in a single primary business segment: "Iron & Steel Products"
  • The company does not have any subsidiary/associate/joint venture companies as of June 30, 2026
  • There are no exceptional or extraordinary items
  • Figures have been regrouped and rearranged where necessary