Key Financial Figures

Income Statement (₹ in Lakhs)

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹4,744.05
  • Other income: ₹42.93
  • Total income: ₹4,786.98
  • Total expenses: ₹4,628.26
  • Profit before tax: ₹158.72
  • Tax expense: ₹47.56
  • Profit after tax: ₹111.16
  • Other comprehensive income: (₹2.25)
  • Total comprehensive income: ₹108.86
  • Basic EPS: ₹1.26
  • Diluted EPS: ₹1.26

Year Ended March 31, 2026:

  • Revenue from operations: ₹14,162.20
  • Other income: ₹129.68
  • Total income: ₹14,291.88
  • Total expenses: ₹13,918.94
  • Profit before tax: ₹372.94
  • Tax expense: ₹98.69
  • Profit after tax: ₹274.25
  • Other comprehensive income: (₹2.25)
  • Total comprehensive income: ₹272.00
  • Basic EPS: ₹2.37
  • Diluted EPS: ₹2.37

Balance Sheet Position (₹ in Lakhs)

  • Total assets: ₹13,761.76
  • Total equity: ₹1,261.45
  • Total liabilities: ₹13,761.76

Cash Flow Statement (₹ in Lakhs)

Year Ended March 31, 2026:

  • Cash flow from operating activities: (₹2,214.05)
  • Cash flow from investing activities: (₹3,447.11)
  • Cash flow from financing activities: ₹5,638.38
  • Net change in cash: (₹22.78)

Board Meeting Details

The Board of Directors meeting was held on Friday, May 29, 2026, commencing at 3:00 PM and concluding at 5:05 PM. The meeting approved:

1. Audited Financial Results for the quarter and year ended March 31, 2026

2. Appointment of new Independent Director

3. Acceptance of resignation of existing Independent Director

Director Changes

Appointment

Shri Ankur Mehta (DIN: 02590984), age 47, has been appointed as Non-Executive Independent Director effective June 1, 2026, for a first term of 5 consecutive years, subject to shareholder approval. He is not related to any Directors/KMP/Promoters and is not debarred from holding director office.

Resignation

Shri Mahabir Prasad Sharma has resigned from the position of Independent Director due to health issues effective June 1, 2026.

Auditor Report

Sundarlal, Desai & Kanodia, Chartered Accountants issued an unmodified opinion on the audited financial results pursuant to Regulation 33(3)(D) of SEBI LODR Regulations. The audit report confirmed:

  • No key audit matters identified
  • Audit conducted in accordance with Standards on Auditing
  • Company maintains accounting software with audit trail feature operational throughout the year
  • No material misstatements detected

Business Segments

The Company is engaged in manufacturing of Stainless Steel Tubes & Pipes and Wind Power Generation, with stainless steel tube & pipes identified as the only reportable segment.

Project Update

The Company is implementing a project to manufacture Ultra High Purity (UHP) tubes to cater to Semiconductor projects being set up in India. The Company is awaiting announcement of the full scheme under Indian Semiconductor Mission (ISM 2.0) to ascertain potential benefits.

Related Party Transactions

Disclosed transactions totaling ₹4,641.96 lakhs with various related parties including:

  • Purchase/sale of goods and services with associate companies
  • Loans given to multiple associate companies at 0.07% interest for working capital purposes
  • Remuneration payments to directors and KMPs
  • Rent payments and sitting fees to directors

Additional Information

  • The company has no subsidiaries or joint ventures as of March 31, 2026
  • Previous period figures have been regrouped/reclassified where necessary
  • The figures of last quarter are balancing figures between audited FY26 and unaudited published figures up to December 31, 2025