Please find enclosed disclosures on Un-audited Financial Results for the quarter and half year ended on 30th September, 2025 and Forefeiture of partly paid equity shares
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National General Industries Ltd (steel re-rolling company) announced its Q2 FY26 and H1 FY26 results along with forfeiture of 10,47,600 partly paid-up equity shares for non-payment of balance allotment money. Total income declined to Rs. 254.22 lakhs in Q2 FY26 from Rs. 255.54 lakhs in Q2 FY25, and fell to Rs. 451.08 lakhs in H1 FY26 from Rs. 570.49 lakhs in H1 FY25, a drop of about 21%. The company swung to a net loss of Rs. 20.86 lakhs in Q2 (vs profit of Rs. 25.67 lakhs YoY), taking H1 FY26 net loss to Rs. 46.09 lakhs against a profit of Rs. 42.62 lakhs last year. The steel segment, which is the core business, saw its revenue fall to Rs. 372.67 lakhs in H1 FY26 from Rs. 495.89 lakhs. Basic EPS for H1 was negative at Rs. (0.97). Operating cash flow was significantly negative at Rs. (137.15) lakhs for H1 FY26.
The company is facing clear operational stress with declining revenues, a return to losses after being profitable last year, and negative operating cash flows, which is a negative signal for shareholders. The forfeiture of partly paid shares has no major financial impact but highlights governance/collection issues.