<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
Awaiting price reaction for this filing.
Satani Bearings Limited (formerly Deccan Bearings Limited) reported audited standalone financial results for Q4 and year ended March 31, 2026. Total revenue for FY26 was Rs. 3,544.47 lakhs. Profit after tax for FY26 stood at Rs. 5.12 lakhs, compared to a loss of Rs. 16.36 lakhs in FY25, showing a return to profitability. Q4 FY26 revenue declined to Rs. 1,642.83 lakhs from Rs. 1,901.63 lakhs in Q4 FY25. The company raised Rs. 17.81 crore through preferential allotment of equity shares during the year. Assets grew significantly with current assets at Rs. 2,505.48 lakhs. However, operating cash flow was deeply negative at Rs. 17.76 crore. The auditor issued an unmodified opinion but flagged heavy related party transactions, concentration of business with one party, and inadequate internal audit and whistleblower procedures.
While the company turned profitable after a loss year, the deeply negative operating cash flow, heavy related party transactions (including Rs. 217.50 crore guarantee to Satani Hot Former), and business concentration risk are concerns for investors. The company also lacks an adequate internal audit system.