A meeting of the Board of Directors of Sharda Ispat Limited was held on Friday, May 29, 2026, starting at 11:00 a.m. and concluding at 1:15 p.m.

The Board considered and approved the following items:

1. Financial Results Approval

  • The audited financial results (standalone) for the fourth quarter and year ended March 31, 2026.
  • The audited financial statement (standalone) for the financial year ended March 31, 2026.

2. Auditor Appointments

  • Re-appointed M/s. LNJ and Associates, Practicing Chartered Accountants (FRN: 135772W) as Internal Auditor of the Company for the financial year 2026-27. The firm was incorporated in 2012 and offers services in Audits, Taxation, Software implementation, Financial Management, Project Financing, Costing, and Business policy Formation.
  • Re-appointed M/s. Narendra Peshne & Associates, Cost & Management Accountants (FRN: 100269) as Cost Auditors of the Company for the financial year 2026-27, subject to ratification of their remuneration by shareholders at the ensuing Annual General Meeting. The firm was incorporated in 1999 and offers services in Cost Audit, Maintenance of Cost Records, Transfer Pricing Services, Income tax, Goods and service tax, and Certification in Statutory Pricing.

3. Financial Performance Highlights (Standalone)

For Quarter Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹671.996 lakh
  • Other income: ₹7.830 lakh
  • Total Income: ₹679.825 lakh
  • Total expenses: ₹620.951 lakh
  • Profit before tax: ₹58.874 lakh
  • Tax expense: ₹15.714 lakh (Current Tax) + (₹0.301 lakh) Deferred Tax = ₹15.413 lakh
  • Net profit after tax: ₹43.461 lakh
  • Other Comprehensive Income: (₹4.144 lakh)
  • Total Comprehensive Income: ₹39.318 lakh
  • Basic and diluted EPS: ₹8.56

For Year Ended March 31, 2026 (Audited):

  • Revenue from operations: ₹1,687.939 lakh
  • Other income: ₹37.868 lakh
  • Total Income: ₹1,725.807 lakh
  • Total expenses: ₹1,641.835 lakh
  • Profit before tax: ₹83.972 lakh
  • Tax expense: ₹224.41 lakh (Current Tax) + (₹4.93 lakh) Deferred Tax = ₹219.48 lakh
  • Net profit after tax: ₹62.024 lakh
  • Other Comprehensive Income: ₹10.59 lakh
  • Total Comprehensive Income: ₹63.083 lakh
  • Basic and diluted EPS: ₹12.22
  • Paid-up Equity Share Capital: ₹50.768 lakh (Face value of ₹10 each)

Comparative Figures (Year Ended March 31, 2025 - Audited):

  • Revenue from operations: ₹1,754.430 lakh
  • Other income: ₹31.101 lakh
  • Total Income: ₹1,785.531 lakh
  • Net profit after tax: ₹75.891 lakh
  • Basic and diluted EPS: ₹14.94

4. Cash Flow Statement (Year Ended March 31, 2026)

  • Net Cash from Operating Activities: (₹7.097 lakh)
  • Net Cash from Investing Activities: ₹85.221 lakh
  • Net Cash from Financing Activities: (₹73.595 lakh)
  • Net Increase in Cash & Cash Equivalents: ₹4.529 lakh

5. Auditor's Report

Statutory Auditors M/s. Panpalia Taori & Co. (FRN No. 125508W) issued an unmodified opinion on the standalone annual financial results for the year ended March 31, 2026. They confirmed that:

  • The statement is presented in accordance with Regulation 33 of SEBI Listing Regulations
  • The statement gives a true and fair view in conformity with Indian Accounting Standards (Ind AS)

The financial results were prepared in accordance with Indian Accounting Standard (IND AS) as prescribed under section 133 of the Companies Act, 2013. The company operates in one segment only (iron and steel) and therefore Indian Accounting Standard (Ind AS) 108 - operating segment is not applicable.

The company has estimated and recognized the impact of implementation of the New Labour Codes under Employee benefits expense for the year ended March 31, 2026, which was not material to the results.

6. Regulatory Compliance

The disclosure is made pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, for the auditor appointments.

A declaration regarding the unmodified audit opinion was submitted pursuant to Regulation 33 of SEBI Listing Regulations.

7. Additional Information

The figures for the quarter ended March 31, 2026, are the balancing figure between the audited figures for the full financial year and the published year-to-date figures up to the third quarter of the relevant financial year.

Previous period figures have been regrouped/reclassified wherever necessary to make them comparable with current period figures.

The results are available on the company website at shardaispat.com.