Announcement under Reg-30_Change in Management Appointment of CFO
BEEKAY · price
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Beekay Steel Industries announced unaudited financial results for Q3 and 9 months ended Dec 31, 2025. Standalone revenue from operations stood at Rs 28,792.39 lakhs for Q3 FY26 (vs Rs 27,099.27 lakhs in Q3 FY25), while profit after tax dropped to Rs 1,324.55 lakhs (vs Rs 2,248.88 lakhs). For 9M FY26, total comprehensive income fell to Rs 5,552.75 lakhs from Rs 8,491.17 lakhs in the same period last year, with EPS at Rs 29.11 (vs Rs 44.52). Separately, Mr. Manav Bansal resigned as CFO effective Feb 14, 2026 to focus on his role as Whole-time Director, and Mr. Ashok Agarwal (ex-CFO of Manaksia Aluminium, 26+ years' experience) has been appointed as the new CFO.
Profit pressure is notable — standalone PAT declined roughly 41% YoY for Q3 and about 35% for 9M FY26 despite modest revenue growth, which may weigh on the stock. The CFO transition appears orderly since Mr. Manav Bansal remains on the board as Whole-time Director, and the incoming CFO brings listed-company experience, so no major governance disruption is expected.