Key Decisions Approved

1. Financial Results Approval

  • The Board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
  • The audit was conducted by M/s Kanodia Sanyal & Associates, Statutory Auditors, who issued unmodified opinions on both standalone and consolidated financial results.

2. Dividend Recommendation

  • Recommended dividend of INR 10.00 (200%) per equity share of INR 5/- each for financial year 2025-26.
  • Dividend payment is subject to approval of members (shareholders).

3. Registered Office Shift

  • Approved shifting of Registered Office from the State of Maharashtra to State of Haryana.
  • Requires consequential alteration of the Registered Office clause of the Memorandum of Association.
  • Subject to approval of shareholders by way of postal ballot and approval of Central Government (power delegated to the Regional Director) and/or any other appropriate authorities.

4. Cost Auditor Appointment

  • Appointed M/s R.J. Goel & Co., Cost Accountants as Cost Auditors of the Company for the financial year 2026-27.

Meeting Details

  • Board meeting commenced at 5:15 PM and concluded at 6:31 PM on May 22, 2026.

Financial Results Highlights (Standalone - INR Crores)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹1,279.91
  • Total revenue: ₹1,231.92
  • Profit before tax: ₹155.83
  • Net profit after tax: ₹107.53
  • Total comprehensive income: ₹108.18
  • EPS: Not specified in numerical value

Year Ended March 31, 2026:

  • Revenue from operations: ₹1,415.83
  • Total revenue: ₹1,456.05
  • Profit before tax: ₹299.17
  • Net profit after tax: ₹242.53
  • Total comprehensive income: ₹242.69

Balance Sheet Position (Standalone as at March 31, 2026):

  • Total assets: ₹7,714.15 crores
  • Total equity: ₹6,857.88 crores
  • Paid-up equity share capital: ₹67.00 crores (face value ₹5/- each)

Cash Flow Statement (Standalone for year ended March 31, 2026):

  • Net cash from operating activities: ₹966.01 crores
  • Net cash used in investing activities: ₹(807.26) crores
  • Net cash used in financing activities: ₹(122.76) crores
  • Net increase in cash: ₹35.99 crores

Consolidated Financial Results Notes

  • The consolidated results include subsidiaries: Maharashtra Seamless (Singapore) Pte. Ltd, Maharashtra Seamless Finance Limited, Jindal Premium Connections Pvt Ltd (unaudited), Internovia Natural Resources FZ LLC, Zircon Drilling Supplies and Trading FZE
  • Includes joint ventures: Gondkhari Coal Mining Ltd (unaudited)
  • Includes associates: Jindal Pipe (Singapore) Pte Ltd
  • Auditor's report on consolidated results contains a qualified opinion regarding reliance on other auditors and unaudited financial information of certain entities
  • Foreign operations represent Group's share of total assets of ₹31.78 crores as at March 31, 2026

Audit Opinion

  • Statutory Auditors M/s Kanodia Sanyal & Associates issued unmodified audit opinions on both standalone and consolidated financial results
  • The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013

Additional Information

  • Company CIN: L99999MH1988PLC080545
  • The document includes detailed financial statements with segment-wise reporting for Steel Pipes & Tubes, Power - Electricity, Rig, and Others/Unallocated