Financial Performance Summary

FY 2025-26 Financial Results (₹ lakhs):

  • Revenue from Operations: 14,897.55 (FY25: 16,025.02) - Decrease of 7.03%
  • Other Income: 83.84 (FY25: 74.78)
  • Total Income: 14,981.39 (FY25: 16,099.80)
  • Total Expenditure: 14,662.70 (FY25: 15,792.02)
  • Profit Before Tax: 318.69 (FY25: 307.78) - Increase of 3.54%
  • Tax Expense: 78.72 (FY25: 70.82)
  • Current Tax: 91.33 (FY25: 104.70)
  • Deferred Tax: (12.61) (FY25: (33.88))
  • Profit After Tax: 239.97 (FY25: 236.96) - Increase of 1.27%
  • Other Comprehensive Income: 13.34 (FY25: 16.65)
  • Total Comprehensive Income: 253.31 (FY25: 253.61)
  • EPS: ₹3.28 (FY25: ₹3.23)

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

  • Total Assets: 5,636.68 (FY25: 5,306.26)
  • Equity Share Capital: 732.68 (Unchanged)
  • Retained Earnings: 3,496.43 (FY25: 3,316.39)
  • Total Equity: 4,397.00 (FY25: 4,216.96)
  • Borrowings: 352.11 (FY25: 159.64)
  • Trade Receivables: 2,905.90 (FY25: 2,231.34)
  • Inventories: 1,050.27 (FY25: 836.67)

Dividend Declaration

  • Final dividend recommended: 10% (₹1 per equity share of ₹10 face value)
  • Total dividend payout: ₹73.27 lakh (30.53% of PAT)
  • Record Date: August 13, 2026
  • Payment: Within 30 days of AGM approval (AGM date: August 20, 2026)

Annual General Meeting

  • 32nd AGM scheduled: August 20, 2026 at 12:30 PM IST
  • Mode: Video Conferencing/Other Audio-Visual Means
  • Book Closure: August 14-20, 2026

Corporate Actions and Changes

Board Changes:

  • Mrs. Deeksha Keswani ceased as Independent Director effective May 16, 2026 upon completion of tenure
  • Mr. Ramesh Chander Khandelwal retires by rotation and seeks re-appointment

Key Managerial Personnel Changes:

  • Mrs. Vidushi Srivastava resigned as Company Secretary effective December 1, 2025
  • Mrs. Shimpy Goyal appointed as Company Secretary effective December 2, 2025
  • Mr. Yash Khandelwal promoted to Chief Growth Officer effective March 24, 2026

Auditor Appointments:

  • Statutory Auditors: Reappointment of Mehra Goel & Co LLP (formerly Mehra Goel & Co) recommended for second term of 5 years
  • Cost Auditor: Reappointment of Mr. Ramawatar Sunar for FY26-27 at remuneration of ₹60,000 + taxes
  • Secretarial Auditor: M/s CPA & Co. continued for FY25-26

Related Party Transactions

Material transactions with related parties for FY25-26:

  • M/s Khandelwal Busar Industries Pvt Ltd (where directors have substantial interest):
  • Sales: ₹3,669.50 lakh
  • Purchases: ₹29.69 lakh
  • Rent Received: ₹26.40 lakh
  • Cash Discount: ₹70.72 lakh
  • Shareholder approval sought for continuing material RPTs with KBIPL for period until 33rd AGM

Capital Structure

  • Authorized Share Capital: ₹8.00 crore (80 lakh equity shares of ₹10 each)
  • Paid-up Capital: ₹7.33 crore (73,26,800 equity shares of ₹10 each) - Unchanged during year
  • Demat Holding: 97.28% of total shares (71,27,159 shares)
  • Promoter Holding: 70.94% (51,97,282 shares)

Credit Rating

  • Acuite Ratings reaffirmed: Long-term 'ACUITE BBB', Short-term 'ACUITE A3+'
  • Outlook: Stable (reaffirmed January 22, 2026)

IEPF Transfers

  • Transferred to IEPF during FY25-26: 9,125 shares with unclaimed dividend of ₹4,81,330 for FY2017-18
  • Due for transfer in October 2026: Unclaimed dividend for FY2018-19

Corporate Governance

  • Board Composition: 6 Directors (2 Executive, 4 Independent including 3 women directors)
  • Board Meetings: 9 meetings held during FY25-26
  • Committees: Audit Committee (7 meetings), Nomination & Remuneration Committee (3 meetings), Stakeholders Relationship Committee (4 meetings)
  • Whistleblower Policy: No complaints received during FY25-26

Operational Highlights

  • Industry Challenges: Volatility in steel prices, increased competition, subdued demand from certain sectors
  • Global Factors: Middle East conflict impacting energy supply and freight costs
  • Cost Optimization: Focus on operational efficiencies supported marginal profit growth despite revenue decline
  • Employee Strength: 63 permanent employees as of March 31, 2026

Forward-looking Statements

Management cited challenging market conditions in steel industry but maintained stable operational performance through cost optimization measures. No specific financial guidance provided.