Summary of Key Information:
Reporting Period (Quarter/Year): First Quarter (Q1) ended June 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Clean/Unmodified - Statutory auditors Lodha & Co LLP expressed an unmodified conclusion on both standalone and consolidated financial results.
Key Financial Highlights [₹ lakh]:
Standalone Results:
Revenue from Operations: ₹10,789.5 lakh (Q1 FY26: ₹10,128.1 lakh | Q4 FY26: ₹10,006.9 lakh)
Total Income: ₹10,894.5 lakh (Q1 FY26: ₹10,322.9 lakh | Q4 FY26: ₹10,035.5 lakh)
Net Profit: ₹539.6 lakh (Q1 FY26: ₹620.4 lakh | Q4 FY26: ₹319.5 lakh)
EPS: ₹3.55 (Face value of ₹10 each) (Q1 FY26: ₹3.44 | Q4 FY26: ₹1.88)
Consolidated Results:
Revenue from Operations: ₹10,789.5 lakh (Q1 FY26: ₹10,128.1 lakh | Q4 FY26: ₹10,006.9 lakh)
Total Income: ₹10,894.7 lakh (Q1 FY26: ₹10,323.0 lakh | Q4 FY26: ₹10,036.8 lakh)
Net Profit: ₹650.5 lakh (Q1 FY26: ₹626.1 lakh | Q4 FY26: ₹342.8 lakh)
Attributable to Owners: ₹660.5 lakh
Attributable to Non-controlling Interest: ₹1 lakh
EPS: ₹3.66 (Face value of ₹10 each) (Q1 FY26: ₹3.47 | Q4 FY26: ₹1.90)
Other Comprehensive Income (Standalone):
Items that will not be reclassified to profit or loss: ₹32,321.5 lakh
Tax relating to these items: (₹4,706.0) lakh
Other comprehensive income/(loss): ₹27,615.5 lakh
Total comprehensive income: ₹28,235.1 lakh
Other Comprehensive Income (Consolidated):
Items that will not be reclassified to profit or loss: ₹32,321.5 lakh
Tax relating to these items: (₹4,706.0) lakh
Other comprehensive income/(loss): ₹27,615.1 lakh
Total comprehensive income: ₹28,276.0 lakh
Attributable to Owners: ₹28,276.0 lakh
Attributable to Non-controlling interest: ₹7 lakh
Balance Sheet Items (as of March 31, 2026):
Paid-up equity share capital: ₹1,802.2 lakh (Face value ₹10 each)
Equity excluding revaluation reserve (Standalone): ₹83,562.4 lakh
Equity excluding revaluation reserve (Consolidated): ₹83,633.5 lakh
Segment-wise Performance:
The Company/Group has only one operating segment i.e. 'Iron & Steel Business' and operations are mainly within India.
Corporate Actions:
Dividend: Recommended final dividend for financial year 2025-26, subject to approval at AGM
Record Date: Fixed Friday, 25th September 2026 for determining members eligible for final dividend
Closure of Register: From Saturday, 12th September 2026 to Friday, 25th September 2026 (both days inclusive)
Director Appointments/Reappointments:
1. Appointment of Mr. Mukund Prabhakar Chaudhari (DIN: 05339308) as Additional Director (Non-executive, Independent)
- Recommended for appointment as Independent Director for fixed first term of 40 months (11th August 2026 to 10th December 2029)
- Profile: B.Com, CA with 35+ years experience in accounting, finance, taxation, mining; former CMD of MOIL Limited
2. Reappointment recommendations for AGM approval:
- Mr. Ravi Bhushan Bhardwaj (DIN: 00054700) as Non-executive Director & Promoter (Chairman)
- Mr. Ramchandra Vasant Dalvi (DIN: 00012065) as Director (Technical) and KMP for 3 years effective 14th August 2026
Other Significant Information:
Other comprehensive income mainly due to MTM gain on equity shares held in Lloyds Metal & Energy Limited (LMEL)
Figures for quarter ended March 31, 2026 are balancing figures between audited full year and published unaudited YTD figures
Previous period figures have been re-grouped/re-arranged for comparability
Entities in Consolidation:
Subsidiaries: Sunflag Power Limited, Khappa Coal Company Private Limited
Joint Ventures: CT Mining Private Limited, Daido DMS India Private Limited, Ramesh Sunwire Private Limited, Madanpur (North) Coal Block Private Limited, ReNew Green (MPR Three) Private Limited
Note: Investment in Madanpur (North) Coal Block Private Limited is fully impaired and not consolidated
AGM Details:
Fortieth (40th) Annual General Meeting to be held on Friday, 25th September 2026 at 12:00 Hrs through VC/OAVM