Board Meeting Details
The Board of Directors meeting was held on November 13, 2026, commencing at 03:35 PM and concluding at 05:50 PM.
Key Approvals and Notings
1. Approved the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026, along with:
- Statement of Assets and Liabilities as at September 30, 2026
- Statement of Cash Flow for the half year ended September 30, 2026
2. Took note of the Limited Review Report on Unaudited Financial Results for the quarter and half year ended September 30, 2026, issued by M/s NLA & Associates, Statutory Auditors of the Company.
Trading Window Update
In terms of SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for trading in Equity Shares of the Company by all Designated Persons and their immediate relatives will be opened from November 15, 2026 onwards.
Financial Results Overview (Half Year Ended September 30, 2026)
Income Statement Highlights:
- Revenue from Operations: ₹10,184.47 lakhs
- Other Income: ₹72.95 lakhs
- Total Income: ₹10,257.42 lakhs
- Profit before tax: ₹282.23 lakhs
- Tax Expense: ₹94.48 lakhs (Current Year: ₹36.61 lakhs, Previous Year: ₹3.20 lakhs, Deferred Tax: ₹54.67 lakhs)
- Profit for the period: ₹187.76 lakhs
- Earnings Per Share (Basic & Diluted): ₹1.84
Comparative Figures:
- Half Year Ended September 30, 2025: Profit of ₹166.21 lakhs, EPS ₹2.40
- Year Ended March 31, 2026: Profit of ₹605.85 lakhs, EPS ₹7.08
Balance Sheet Position (as at September 30, 2026):
- Share Capital: ₹1,018.10 lakhs (unchanged from March 31, 2026)
- Surplus: ₹4,377.70 lakhs (increased from ₹4,189.95 lakhs as at March 31, 2026)
- Total Equity: ₹5,395.80 lakhs
- Long Term Borrowings: ₹1,494.39 lakhs (increased from ₹868.67 lakhs)
- Short Term Borrowings: ₹1,705.48 lakhs (increased from ₹821.67 lakhs)
- Total Assets: ₹10,694.85 lakhs
Cash Flow Statement (Half Year Ended September 30, 2026):
- Net Cash Flow from Operating Activities: (₹2,206.74) lakhs
- Net Cash Flow from Investing Activities: (₹255.07) lakhs
- Net Cash Flow from Financing Activities: ₹1,389.17 lakhs
- Net Decrease in Cash & Cash Equivalents: (₹1,072.64) lakhs
- Cash & Cash Equivalents Closing Balance: ₹376.33 lakhs (down from ₹1,448.98 lakhs)
Business Segment Information
The company is mainly engaged in the business of manufacturing and trading structural steel products like M.S. Channels, Beams, Angles, Squares, Rounds, and Flats. The company is a single segment company, therefore segment information is not applicable.
Basis of Preparation
The financial results have been prepared in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India, and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
IPO and Listing Details
The company completed its Initial Public Offer (IPO) and allotted 32,57,600 equity shares of face value ₹10 each. The shares were listed on the SME Platform of BSE Limited on October 6, 2025.
Auditor's Review Conclusion
The statutory auditors, NLA & Associates, based on their review, stated that nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement or has not disclosed the information required to be disclosed under Regulation 33 of the Listing Regulations.