Niraj Cement Structurals Limited has informed the Exchange regarding Board meeting held on August 13, 2025.
NIRAJ · price
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Niraj Cement Structurals' board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations rose to Rs. 9,443.88 lakhs from Rs. 8,237.81 lakhs in Q1 FY25, a growth of about 14.6% year-on-year. Standalone net profit climbed to Rs. 109.53 lakhs from Rs. 80.90 lakhs, up roughly 35.4%, with EPS at Rs. 0.18 versus Rs. 0.20 earlier. The company recorded an exceptional loss of Rs. 41 lakhs during the quarter. The statutory auditors issued an unmodified limited review report, but flagged multiple emphasis of matter issues including ongoing GST search-and-seizure litigation (sub-judice in Gujarat High Court with Rs. 108.40 lakhs deposited under protest), prior write-offs and impairments of Rs. 2,888.01 lakhs, unreconciled trade balances, income tax disputes, and uncertified work-in-progress. The board also appointed M/s. Abhay Kumar Pal & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and scheduled the 27th AGM for September 29, 2025 via video conferencing.
The earnings show healthy year-on-year growth in both revenue and profit, which is a positive for shareholders. However, the auditor's multiple emphasis of matter points — especially the unresolved GST case, large historical write-offs, and unreconciled balances — flag lingering governance and disclosure concerns that could weigh on sentiment and warrant caution.