Board Meeting Details
- Meeting Date: Friday, August 14, 2026
- Commencement Time: 3:30 PM IST
- Conclusion Time: 4:30 PM IST
Key Decisions Approved
1. Financial Results Approval
The Board approved:
- Unaudited standalone financial results for the quarter ended June 30, 2026
- Unaudited consolidated financial results for the quarter ended June 30, 2026
- Noted the limited review report issued by statutory auditors M/s. Tolia & Associates
2. Auditor Reappointment
Reappointed M/s. Tolia & Associates, Chartered Accountants (FRN: 111017W) as statutory auditors of the company:
- Effective Date: August 14, 2026
- Term: Financial Years 2026-27 to 2028-29
- Reason: Re-appointment due to end of previous tenure
Standalone Financial Results (₹ lakhs)
Income Statement - Quarter Ended June 30, 2026
- Revenue from operations: ₹432.44 lakhs
- Other income: ₹4.39 lakhs
- Total income: ₹436.83 lakhs
- Cost of materials consumed: ₹374.70 lakhs
- Employee benefits expense: ₹93.21 lakhs
- Finance costs: ₹-0.00 lakhs (negative, indicating income)
- Depreciation expense: ₹20.68 lakhs
- Other expenses: ₹77.04 lakhs
- Total expenses: ₹565.63 lakhs
- Loss before tax: ₹(128.80) lakhs
- Tax expense: ₹0.00 lakhs (no provision made)
- Loss for the period: ₹(128.80) lakhs
- Other comprehensive income/(loss): ₹0.00 lakhs
- Total comprehensive loss: ₹(128.80) lakhs
Comparative Performance
| Period | Revenue | Total Income | Profit/(Loss) | EPS (₹) |
| Jun 2026 | ₹432.44L | ₹436.83L | ₹(128.80)L | (0.04) |
| Mar 2026 | ₹767.17L | ₹773.79L | ₹(326.26)L | (0.11) |
| Jun 2025 | ₹296.66L | ₹1,044.32L | ₹591.91L | 0.20 |
Capital Structure
- Paid up share capital: ₹5,845.39 lakhs (face value ₹2 each)
- Other equity: ₹(2,632.53) lakhs (negative)
Consolidated Financial Results (₹ lakhs)
Income Statement - Quarter Ended June 30, 2026
- Revenue from operations: ₹432.44 lakhs
- Other income: ₹4.39 lakhs
- Total income: ₹436.83 lakhs
- Cost of materials consumed: ₹374.70 lakhs
- Purchase of stock-in-trade: ₹0.03 lakhs
- Changes in inventory: ₹16.92 lakhs
- Employee benefits expense: ₹103.03 lakhs
- Finance costs: ₹0.00 lakhs
- Depreciation and amortization: ₹25.58 lakhs
- Other expenses: ₹87.44 lakhs
- Total expenses: ₹607.67 lakhs
- Loss before tax: ₹(128.88) lakhs
- Tax expense: ₹0.00 lakhs
- Loss before share of associate: ₹(128.38) lakhs
- Share of loss of associate: ₹(6.03) lakhs
- Net loss after taxes: ₹(134.91) lakhs
- Total comprehensive loss: ₹(134.97) lakhs
Entities Included in Consolidation
1. Nitin Fire Protection Industries Limited (Parent)
2. Eurotech Cylinders Private Limited (Wholly owned subsidiary)
3. Worthington Nitin Cylinders Private Limited (Associate)
Subsidiary and Associate Contributions
- Eurotech Cylinders Private Limited: Revenue ₹25.00 lakhs, Net loss ₹0.07 lakh
- Worthington Nitin Cylinders Private Limited: Share of net loss ₹6.03 lakhs
Key Notes to Financial Results
Tax Treatment
No provision for income tax made due to absence of taxable income. No deferred tax asset recognized on unabsorbed losses/depreciation due to uncertainty of future taxable profits.
Share Capital Matter
The company has filed an interlocutory application for cancellation and issuance of fresh equity shares. Pending outcome, the share capital structure remains unchanged.
Segment Information
Fire protection equipment and its allied/operating activities is the only reportable segment for both standalone and consolidated entities.
Previous Period Figures
Figures for quarter ended March 31, 2026 represent balancing figures between audited full year figures and published year-to-date figures up to third quarter of FY2026.
Auditor Profile
M/s. Tolia & Associates, Chartered Accountants:
- Firm Registration Number: 111017W
- Proprietor: CA Kiran P. Tolia (qualified in 1989)
- Specialization: Statutory audits and internal audits across all industries
- Peer reviewed firm with experience in handling audits of listed companies