Appointment of Internal Auditor of the Company for the Financial Year 2025-26
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Awaiting price reaction for this filing.
M P K Steels (I) Ltd announced the outcome of its board meeting held on November 14, 2025. The board approved unaudited standalone financial results for the half year ended September 30, 2025, reporting revenue from operations of Rs. 9,253.10 lakhs (down from Rs. 10,777.92 lakhs in H1 FY25). Profit after tax stood at Rs. 166.21 lakhs (vs Rs. 291.04 lakhs), with EPS of Rs. 2.40 (vs Rs. 8.41). The board also appointed M/s M R M & Company, Chartered Accountants, as the Internal Auditor for FY 2025-26. The company recently completed its IPO on BSE SME platform on October 6, 2025, raising Rs. 2,573.50 lakhs.
The appointment of an internal auditor is routine governance and unlikely to move the stock. However, the sharp decline in both revenue (~14%) and profit (~43%) on a year-on-year basis for H1 FY26 is a concern for shareholders and may draw negative market attention.