Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Meeting of Board of Directors of the Company ....
Awaiting price reaction for this filing.
ND Metal Industries Ltd submitted its Q3 FY26 results, reviewed by Suvarna & Katdare, Chartered Accountants, who issued a clean (unmodified) limited review report with no qualifications. Revenue from Operations stood at effectively zero for Q3 FY26 and 9M FY26, compared to ₹4.29 lakh in the prior nine-month period and ₹5.06 lakh for full-year FY25, indicating no meaningful operating business activity. Total Income for Q3 FY26 was ₹25.65 lakh versus ₹20.02 lakh in Q3 FY25 (about 28% YoY growth), while 9M FY26 total income came in at ₹70.39 lakh versus ₹68.61 lakh in 9M FY25 (roughly 2.6% growth). Essentially all reported income is classified as 'Other Income' (₹5.97 lakh in Q3 FY26), with no visible revenue from sale of products. Total expenses for the quarter included employee costs of ₹21.34 lakh and depreciation of ₹3.57 lakh.
Shareholders should note that the company has no operating revenue, with income dependent entirely on non-operational sources, which raises questions about business continuity. The clean auditor review provides some comfort on reporting quality, but lack of core business activity is a significant red flag for long-term value.