Board Meeting Details
The Board of Directors meeting was held on Friday, 29th May, 2026, commencing at 12:30 p.m. and concluding at 4:15 p.m.
Matters Approved
1. Approved the audited annual financial statements including audited consolidated financial statement for financial year ended 31st March, 2026
2. Approved auditors' reports thereon
3. Transacted other businesses as per the agenda
Audit Opinion
Unmodified opinion issued on both standalone and consolidated financial results for quarter and year ended 31st March 2026
Consolidated Entity Structure
The consolidated financial results include:
- IST Limited (Holding company)
- Gurgaon Infospace Limited (Wholly owned subsidiary)
- IST Steel & Power Limited (Associate company)
Subsidiary Financial Information (Gurgaon Infospace Limited)
- Total assets: ₹1,46,884.10 lakhs as at 31st March 2026
- Total income: ₹1,378.00 lakhs (quarter ended), ₹18,186.50 lakhs (year ended)
- Net profit/(loss) after tax: ₹(-)312.31 lakhs (quarter ended), ₹11,612.68 lakhs (year ended)
- Total comprehensive income: ₹(-)2,249.89 lakhs (quarter ended), ₹17,719.07 lakhs (year ended)
- Net cash flow: ₹(-)247.91 lakhs for year ended 31st March 2026
Associate Company Financial Information (IST Steel & Power Limited)
- Group's share of net profit/(loss) after tax: ₹(-)39.80 lakhs (quarter ended), ₹27.70 lakhs (year ended)
- Group's share of total comprehensive income: ₹(-)359.08 lakhs (quarter ended), ₹53.96 lakhs (year ended)
Financial Results Overview
Standalone Position (as at 31st March 2026):
- Total assets: ₹34,255.14 lakhs
- Total equity: ₹32,059.59 lakhs
- Equity share capital: ₹584.68 lakhs
- Other equity: ₹31,749.1 lakhs
Consolidated Position (as at 31st March 2026):
- Total assets: ₹1,82,241.91 lakhs
- Total equity: ₹1,69,221.69 lakhs
- Equity share capital: ₹584.68 lakhs
- Other equity: ₹1,68,637.01 lakhs
Segment Reporting
The Group has two reportable segments:
1. Manufacturing segment (manufacturing of high precision engineering components/assemblies)
2. SEZ segment (SEZ Operations)
On standalone basis, there is no separate reportable segment.
Labour Code Implementation Note
The Government of India consolidated 29 existing labour laws into four labour codes effective 21st November, 2025. The incremental impact of changes, as assessed by the company, is not material and has been recognized in the financial results for quarter and year ended 31st March 2026.
Other Income Note
Other income for the quarter ended 31st March 2026 is negative due to loss on fair value of investments measured at FVTPL.
Cash Flow Information
Consolidated Cash Flows (Year ended 31st March 2026):
- Net cash generated from operating activities: ₹8,482.76 lakhs
- Net cash used in investing activities: ₹(8,574.18) lakhs
- Net cash used in financing activities: ₹(3,614.59) lakhs