Board approves Q1 results, re-appoints CMD, continues director past age 75
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Panchmahal Steel Q1 FY27 revenue rose 7.3 percent YoY to Rs 93.97 crores. Net profit was Rs 4.34 crores (EPS Rs 2.27) versus a loss of Rs 1.92 crores last year. Board re-appointed CMD Ashok Malhotra for 3 years from April 2027 and approved continuation of non-executive director Suchita Shah past age 75. AGM set for September 25, 2026.
Strong profit turnaround signals operational improvement. Stable leadership continuity.