Financial Results Approval

The Board considered and approved the Unaudited Financial Results of the Company, both Standalone & Consolidated for the first quarter ended June 30, 2026. The financial results were reviewed by the Audit Committee and Statutory Auditors M/s. Ashok Kumar Goyal & Co., who provided an unmodified limited review report.

Standalone Financial Results (Q1 FY27):

  • Revenue from Operations: ₹20,463.00 lakh
  • Other Income: ₹79.70 lakh
  • Total Income: ₹21,789.20 lakh
  • Total Expenses: ₹19,737.40 lakh
  • Profit before tax: ₹805.30 lakh
  • Tax Expense: ₹243.20 lakh (Current tax) and ₹(32.70) lakh (Deferred tax)
  • Profit for the period: ₹594.80 lakh
  • Basic EPS: ₹2.73
  • Diluted EPS: ₹2.73

Comparative Performance:

  • Q1 FY27 Profit declined 39% YoY from ₹982.40 lakh in Q1 FY26
  • Revenue declined 5% YoY from ₹21,630.80 lakh in Q1 FY26

Segment-wise Performance (Standalone):

  • Steel Pipe & Strips: Profit before tax and finance cost of ₹604.60 lakh
  • Lighting & Consumer Durables: Profit before tax and finance cost of ₹253.40 lakh

Dividend Declaration

The Board fixed Friday, August 21, 2026 as the Record Date for determining entitlement of Members for payment of Final Dividend of ₹2.50 per share for the Financial Year 2025-26.

Annual General Meeting

The 53rd Annual General Meeting (AGM) will be held on Tuesday, September 15, 2026 at 12:00 Noon through Video Conferencing/Other Audio-Visual Means.

Management Reappointments

The Board approved the re-appointment of key management personnel:

Mr. Jai Prakash Agarwal (DIN: 00041119)

  • Reappointed as Whole-time Director, designated as Executive Chairman
  • Term: January 1, 2027 to December 31, 2031 (5 years)
  • Not liable to retire by rotation
  • Profile: Padma Shri awardee, Promoter and Chairman, instrumental in company's growth from modest steel manufacturing to diversified conglomerate
  • Relationships: Spouse of Mrs. Urmil Agarwal, Father of Mr. Vinay Surya, Father-in-law of Mrs. Puja Surya
  • Not debarred from directorship by SEBI or any competent authority

Mr. Vinay Surya (DIN: 00515803)

  • Reappointed as Managing Director
  • Term: October 26, 2026 to October 25, 2031 (5 years)
  • Liable to retire by rotation
  • Profile: 27 years experience in marketing, export, domestic, commercial and operational fields, MBA from Swinburn University, Australia

Both reappointments are subject to approval of Shareholders through Special Resolution in the ensuing AGM.

Share Capital Changes

During the quarter ended June 30, 2026, 21,080 stock options were exercised under employee stock option schemes (cumulative 35,29,275 options exercised up to June 30, 2026). No treasury shares were held as of June 30, 2026.

Consolidated Financial Results

The consolidated results show similar performance trends with Profit for the period of ₹596.00 lakh and Basic/Diluted EPS of ₹2.74 for Q1 FY27.