The Board considered and approved the following matters:

1. Audited Financial Results for Q4 and FY Ended March 31, 2026

The Board approved the audited financial results for the quarter and financial year ended March 31, 2026. The following documents were enclosed:

  • Statement of Audited Financial Results for quarter and year ended March 31, 2026
  • Audited Statement of Assets and Liabilities as on March 31, 2026
  • Statement of Cash Flow for financial year ended March 31, 2026
  • Auditors' Report on Audited Financial Results for quarter and year ended March 31, 2026
  • Statement on Impact of Audit Qualification for financial year ended March 31, 2026

Financial Performance Highlights (₹ in lakhs):

Quarter Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹24,702.82
  • Other income: ₹72.02
  • Total income: ₹24,774.84
  • Total expenses: ₹24,549.14
  • Profit before tax: ₹225.70
  • Tax expense: ₹82.22
  • Current tax: ₹33.65
  • Current tax pertaining to earlier years: ₹1.94
  • Deferred tax: ₹46.63
  • Net profit: ₹143.48
  • Other comprehensive income: ₹10.43
  • Total comprehensive income: ₹153.91
  • Earnings per share (basic & diluted): ₹0.40

Financial Year Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹78,288.86
  • Other income: ₹139.00
  • Total income: ₹78,427.86
  • Total expenses: ₹78,241.54
  • Profit before tax: ₹186.32
  • Tax expense: ₹81.21
  • Current tax: ₹33.65
  • Current tax pertaining to earlier years: ₹1.94
  • Deferred tax: ₹45.62
  • Net profit: ₹105.11
  • Other comprehensive income: ₹10.53
  • Total comprehensive income: ₹115.64
  • Earnings per share (basic & diluted): ₹0.30

Comparative Figures (FY25 Audited):

  • Revenue from operations: ₹71,723.22
  • Net loss: ₹(609.36)
  • Earnings per share: ₹(1.72)

Balance Sheet Position as at March 31, 2026 (₹ in lakhs):

  • Total assets: ₹38,629.76 (Previous year: ₹42,777.46)
  • Property, plant and equipment: ₹16,256.94
  • Capital work-in-progress: ₹1,137.69
  • Inventories: ₹18,568.55
  • Trade receivables: ₹138.25
  • Cash and cash equivalents: ₹1,007.38
  • Total equity: ₹17,521.95
  • Equity share capital: ₹709.92 (Face value ₹2 per share)
  • Other equity: ₹16,812.03
  • Borrowings (non-current): ₹563.73
  • Borrowings (current): ₹9,700.24
  • Trade payables: ₹5,385.29 (including ₹11.61 dues to micro and small enterprises)

Cash Flow Statement for FY Ended March 31, 2026 (₹ in lakhs):

  • Net cash flow from operating activities: ₹4,312.32
  • Net cash flow used in investing activities: ₹(712.96)
  • Net cash flow used in financing activities: ₹(3,099.69)
  • Net increase in cash and cash equivalents: ₹499.67
  • Opening cash balance: ₹507.71
  • Closing cash balance: ₹1,007.38

2. Re-appointment of Independent Director

The Board, based on the recommendation of the Nomination & Remuneration Committee, approved the re-appointment of Mrs. Ishita Bose (DIN: 01088890) as Non-Executive Independent Director for a second term of five consecutive years effective August 6, 2026, subject to approval of members of the Company.

Profile of Mrs. Ishita Bose:

Seasoned LLB professional with 15+ years in civil litigation and conveyance, specializing in real estate registration. No relationships between directors disclosed.

3. Re-appointment of Auditors

The Board, based on the recommendations of the Audit Committee, approved:

a) Re-appointment of M/s. Sharad Patangi & Co., Cost Accountants, as Cost Auditors for FY 2026-27 (subject to member approval)

Profile: Professional services firm in cost accountancy, cost audit, systems development and GST. Founder Mr. Sharad Patangi is a postgraduate in commerce and Member of the Institute of Cost Accountants of India.

b) Re-appointment of M/s. B.N. Agrawal & Co., Chartered Accountants, as Internal Auditors for FY 2026-27

Profile: Firm has over 21 years of experience in Income Tax and Audits under Companies Act, Bank Branch Audit, Internal Audit, DP Audit, and audit under Income Tax Act and other statutory requirements. Handles GST & TDS compliances.

Notes to Financial Results:

1. The Financial Results were reviewed by the Audit Committee and approved by the Board on May 26, 2026

2. The Company has only one reportable business segment: "Iron & Steel and allied products"

3. Quarterly figures are balancing figures between audited full year and published unaudited year-to-date figures

4. The Company has restructured wages to align with the newly implemented Labour Codes (notified November 21, 2025) and awaits government clarifications

5. Previous period figures have been re-arranged/re-grouped for current period classification

6. Financial Results are available on company website www.kicmetaliks.com and BSE website www.bseindia.com