Sharda Ispat Limited held a Board Meeting on 13 August 2026 from 11:30 a.m. to 12:30 p.m. where three key items of business were transacted.

1. Approval of Quarterly Financial Results

The Board approved the unaudited financial results for the quarter ended 30th June 2026. The financial results show:

Income Statement (Rs. in Lakhs):

  • Revenue from operations (Net): 7,115.06 (Q1 FY27) vs 2,781.96 (Q1 FY26)
  • Other income: 74.91 (Q1 FY27) vs 101.05 (Q1 FY26)
  • Total Income: 7,189.96 (Q1 FY27) vs 2,883.02 (Q1 FY26)
  • Total expenses: 6,969.31 (Q1 FY27) vs 2,843.68 (Q1 FY26)
  • Profit before tax: 220.65 (Q1 FY27) vs 30.34 (Q1 FY26)
  • Tax expense: Current Tax (58.73), Deferred Tax 1.58
  • Net Profit after tax: 163.50 (Q1 FY27) vs 28.39 (Q1 FY26)
  • Other Comprehensive Income: 23.38
  • Total Comprehensive Income: 186.88
  • Paid-up Equity Share Capital (Face value Rs.10/- each): 507.68
  • Basic and diluted EPS: 3.22 (Q1 FY27) vs 0.56 (Q1 FY26)

Comparative Figures:

  • Previous quarter (31.03.26): Net Profit 434.61, EPS 8.56
  • Previous year ended (31.03.26): Net Profit 600.04, EPS 12.22

The results were reviewed by the Audit Committee and approved by the Board. The company operates in one segment only (iron and steel) and therefore Indian Accounting Standard (Ind AS) 108 operating segment is not applicable. Previous period figures have been regrouped/reclassified for comparability.

2. Re-appointment of Chairman & Managing Director

The Board re-appointed Shri Nandkishore Sarda (DIN: 00229911) as Chairman & Managing Director for a further term of 5 years with effect from 1st April 2027, subject to approval of members at the ensuing Annual General Meeting. He is not liable to retire by rotation.

Additional Details:

  • A Bachelor of Science by qualification with 59 years of experience in iron and steel industry
  • Relationship disclosure: Father-in-law of Smt. Poonam Sarda, Whole-time Director

3. Re-appointment of Whole-time Director

The Board re-appointed Smt. Poonam Sarda (DIN: 00190512) as Whole-time Director for a further term of 5 years with effect from 1st April 2027, subject to approval of members at the ensuing Annual General Meeting. She is liable to retire by rotation.

Additional Details:

  • Qualifications: CA (Intermediate), L.L.B.
  • Experience: 16 years in Accounting, Finance, Taxation
  • Relationship disclosure: Daughter-in-law of Shri Nandkishore Sarda, Chairman & Managing Director
  • Not debarred from holding office of a Director

Auditor's Review

Panpaliya Taori & Co., Chartered Accountants (FRN No. 125508W) conducted a limited review of the unaudited financial results and issued an unqualified opinion. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI. The auditors concluded that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.