Summary of Key Information:
Reporting Period (Quarter/Year): First quarter ended 30th June 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI (LODR) Regulations 2015
Audit Opinion:
The Statutory Auditors, Ashok Kumar Goyal & Co., carried out a 'Limited Review' of the Unaudited Standalone and Consolidated Financial Results. Their report stated: "Based on our review conducted... nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."
Key Financial Highlights [All amounts in Indian Rupees Lacs]:
Standalone Results:
Revenue from Operations: ₹29,368.69
Total Income: ₹29,398.36
Profit before Tax: ₹261.52
Tax Expense: ₹68.58 (Current Tax: ₹100.98, Deferred Tax Credit: ₹(32.40))
Net Profit: ₹192.94
Other Comprehensive Income: ₹3.16
Total Comprehensive Income: ₹196.10
Paid Up Equity Share Capital: ₹1,896.24 (Face Value: ₹10 each)
Earnings per Equity Share (Basic): ₹1.02
Earnings per Equity Share (Diluted): ₹1.02
Consolidated Results:
The consolidated financial results include the Company's wholly owned subsidiary, Viyom Steel Infra Private Limited (incorporated on 17th June 2026).
Revenue from Operations: ₹29,368.69
Total Income: ₹29,398.36
Profit before Tax: ₹261.52
Tax Expense: ₹68.58 (Current Tax: ₹100.98, Deferred Tax Credit: ₹(32.40))
Net Profit: ₹192.94
Other Comprehensive Income: ₹3.16
Total Comprehensive Income: ₹196.10
Paid Up Equity Share Capital: ₹1,896.24 (Face Value: ₹10 each)
Earnings per Equity Share (Basic): ₹1.02
Earnings per Equity Share (Diluted): ₹1.02
Comparative Performance:
The subsidiary, Viyom Steel Infra Private Limited, is in the process of setting up operations and incurred borrowing costs of ₹24,465 during the quarter, which were fully capitalized as Capital Work-in-Progress (CWIP). As no income or expense was recognized in the subsidiary's Statement of Profit and Loss, the standalone and consolidated financial results for the quarter are identical.
Segment-wise Performance:
The company operates in one reportable operating segment: manufacturing of ERW Pipes, GI Pipes, Crash Barriers, Transmission Line Towers, and Octagonal Poles, as per IND AS 108.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities were announced.
Auditor Appointments:
- Re-appointment of M/s S.K Agarwal & Associates, Cost Accountants, Mumbai (Registration No. 100322) as Cost Auditor for FY 2026-27
- Re-appointment of M/s VD & CO., Chartered Accountants, Gurgaon, as Internal Auditors for FY 2026-27
Director Remuneration Revisions:
The Board approved revisions in remuneration for four executive directors, effective 28th August 2026, subject to shareholder approval at the upcoming AGM:
- Mr. Vibhor Kaushik (Managing Director): Not exceeding ₹2.40 Crores per annum
- Mr. Vijay Kaushik (Executive Director & Chairman): Not exceeding ₹2.35 Crores per annum
- Ms. Vijay Laxmi Kaushik (Whole Time Director): Not exceeding ₹2.30 Crores per annum
- Ms. Pratima Sandhir (Whole Time Director): Not exceeding ₹2.40 Crores per annum
All four directors are related to each other. The revised remuneration is for the balance period of their existing tenure ending on 28th August 2028.
Committee Reconstitution:
The Board reconstituted the Nomination & Remuneration Committee with effect from August 06, 2026, comprising:
- Mr. Sanjeev Gupta (Non-Executive Independent Director) - Chairman
- Mr. Ashwani Kumar Garg (Non-Executive Independent Director) - Member
- Mr. Vikram Grover (Non-Executive Independent Director) - Member
Annual General Meeting:
Approved notice of the 23rd Annual General Meeting to be held on Wednesday, 16th September 2026 at 12.30 P.M.
Other Significant Information:
The company has manufacturing units in:
- Maharashtra: Pipe Nagar (Vill. Sukeli), NH-17 BKG Road, Via – Nagothane, Teh. Roha, Distt. Raigad, Maharashtra – 402126
- Telangana: SY No. 515 & 516, Udithyala (V), Balanagar (M), Mahabubnagar (Dist.), Telangana – 509202
- Odisha: Plot No. 45, Podbahal, Bhasma-42, Sadar Sundargarh, Sundargarh, Odisha – 770019