Key Financial Figures - Standalone (Quarter ended March 31, 2026)

  • Revenue from Operations: ₹264.95 crore
  • Other Income: ₹1.55 crore
  • Total Income: ₹266.51 crore
  • Total Expenses: ₹250.13 crore
  • Profit Before Tax: ₹16.38 crore
  • Tax Expense: ₹0.99 crore
  • Net Profit After Tax: ₹15.38 crore
  • Earnings Per Share (Basic): ₹5.18
  • Earnings Per Share (Diluted): ₹5.18

Key Financial Figures - Standalone (Year ended March 31, 2026)

  • Revenue from Operations: ₹1,207.98 crore
  • Other Income: ₹7.00 crore
  • Total Income: ₹1,214.99 crore
  • Total Expenses: ₹1,164.25 crore
  • Profit Before Tax: ₹50.74 crore
  • Tax Expense: ₹0.69 crore
  • Net Profit After Tax: ₹50.05 crore
  • Earnings Per Share (Basic): ₹16.85
  • Earnings Per Share (Diluted): ₹16.85
  • Paid-up Equity Share Capital: ₹29.70 crore (Face Value ₹10 each)

Key Financial Figures - Consolidated (Quarter ended March 31, 2026)

  • Revenue from Operations: ₹264.95 crore
  • Other Income: ₹1.56 crore
  • Total Income: ₹266.51 crore
  • Total Expenses: ₹250.09 crore
  • Profit Before Tax: ₹16.42 crore
  • Tax Expense: ₹1.04 crore
  • Net Profit After Tax: ₹15.37 crore
  • Earnings Per Share (Basic): ₹5.17
  • Earnings Per Share (Diluted): ₹5.17

Key Financial Figures - Consolidated (Year ended March 31, 2026)

  • Revenue from Operations: ₹1,207.98 crore
  • Other Income: ₹7.01 crore
  • Total Income: ₹1,214.99 crore
  • Total Expenses: ₹1,164.12 crore
  • Profit Before Tax: ₹50.87 crore
  • Tax Expense: ₹0.73 crore
  • Net Profit After Tax: ₹50.14 crore
  • Earnings Per Share (Basic): ₹16.87
  • Earnings Per Share (Diluted): ₹16.87
  • Paid-up Equity Share Capital: ₹29.70 crore (Face Value ₹10 each)

Board Decisions and Approvals

1. Financial Results Approval: Considered and approved Standalone and Consolidated Audited Financial Results for quarter and year ended March 31, 2026, with unmodified audit opinion.

2. Dividend Recommendation: Recommended final dividend of ₹0.30 per equity share (3% of face value) for FY26, subject to shareholder approval at ensuing AGM. Total dividend payout: ₹89.10 lakhs.

3. Auditor Appointments:

  • Appointed M/s. S S Rawat & Co. (FRN: 147356W) as Internal Auditor for FY26-27
  • Appointed M/s. V. M. Patel & Associates (FRN: 101519) as Cost Auditor for FY26-27

4. Direct Listing Proposal: Approved proposal for direct listing on BSE Limited Main Board, subject to regulatory approvals.

5. Management Change: Changed designation of Mr. Chanakya Prakash Mangal (DIN: 06714256) from Managing Director to Director (Non-Executive Non-Independent Director) effective April 29, 2026.

Debt Securities Information

  • Issued 50,000 Rated, Listed, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (NCDs) of face value ₹10,000 each aggregating to ₹50 crore
  • Issued on Private Placement basis on March 17, 2026
  • Interest rate: 9.75% per annum payable quarterly
  • Rating: 'ACUITE A+' with Stable Outlook assigned by Acuite Ratings & Research Limited
  • Security cover: Mortgage over company assets, hypothecation over MSPL's Property Plant & Equipment, pledge of 15,00,000 equity shares by promoters
  • Security cover ratio: 1.45 times (on market value)
  • Full utilization of issue proceeds with no material deviations

Pending Corporate Action

  • Scheme of Amalgamation of Mangalam Saarloh Private Limited (subsidiary) with the Company approved by Board on April 25, 2023
  • Appointed Date: April 1, 2023 (subject to NCLT direction)
  • Exchange ratio: 245 equity shares of Company for every 100 equity shares of MSPL
  • Awaiting in-principle approval from NSE under Regulation 37 of SEBI LODR

Meeting Details

  • Board meeting commenced at 3:30 PM and concluded at 8:30 PM on April 29, 2026
  • Audit Committee reviewed and recommended financial results before Board approval

Additional Information

  • Company engaged in manufacturing of Stainless Steel products and trading of steel scrap and ferro alloys
  • Single operating segment as per Ind AS 108