Financial Results Summary

Quarter Ended 30 June 2026 (Unaudited):

  • Revenue from operations: ₹0.00 lakh
  • Other Income: ₹0.01 lakh
  • Total Revenue: ₹0.01 lakh
  • Total Expenses: ₹25.91 lakh
  • Employee benefits expense: ₹3.02 lakh
  • Depreciation and amortization expense: ₹17.91 lakh
  • Other expenditure: ₹4.98 lakh
  • Loss before tax: ₹25.90 lakh
  • Tax Expenses: ₹0.00 lakh
  • Net Loss for the period: ₹25.90 lakh
  • Basic & Diluted EPS: (₹0.52)
  • Paid-up equity share capital: ₹495.00 lakh (face value ₹10 per share)

Comparative Figures:

  • Q1 FY26 (30.06.2025): Net Loss ₹29.73 lakh, EPS (₹0.60)
  • Q4 FY26 (31.03.2026): Net Loss ₹28.58 lakh, EPS (₹0.58)
  • Full Year FY26 (31.03.2026): Net Loss ₹117.08 lakh

Auditor's Limited Review Report Qualifications

KR Aggarwal & Associates issued a qualified review report with 8 material concerns:

1. Trade Receivables include certain debtors with no provision made as per IND AS 109 for expected credit loss

2. Unable to comment on inventory valuation, ageing, obsolescence, and impairment due to absence of appropriate stock records

3. No assessment of going concern status provided

4. Actuarial Valuation Reports not provided (non-compliance with IND AS-19 "Employee Benefits")

5. No impairment assessment done for Property, Plant & Equipment as required by IND AS 36

6. Short Term Trade Payables and Other Current Liabilities subject to confirmation

7. Trade receivables, loans and advances, other current assets subject to confirmation

8. Accounts categorized as NPA; all bank balances subject to confirmation

Board Appointment

Mr. Kapil Kumar Jain (DIN: 00755228) appointed as Additional Director in the category of Non-Executive, Non-Independent Director effective 11 August 2026.

Appointment Details:

  • Appointed pursuant to Section 161(1) of Companies Act, 2013
  • Term: Until ensuing Annual General Meeting or last date AGM ought to have been held
  • Appointment will be placed before members for approval at ensuing AGM
  • Age: 76 years
  • Profile: Has vast experience in Business Management
  • Shareholding: 232,000 equity shares (4.69% of paid-up equity share capital)
  • Not related to any Director/Key Managerial Personnel
  • No directorships in other listed entities
  • Not debarred from holding director office by SEBI or any authority

Meeting Details

Board meeting held on 11 August 2026, commenced at 04:00 PM and concluded at 04:45 PM.

Additional Information

  • Company has only one reportable operating segment (steel products manufacturing)
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Previous quarters figures regrouped/rearranged for comparability
  • Company declaration states impact of auditor's qualifications has not been quantified