Outcome of the Board Meeting for the approval of Financial result for the period ended on 31.03.2026
RATNAVEER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 5.0 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board approved audited standalone and consolidated financial results for FY2026 (year ended March 31, 2026). Revenue grew 19.8% to ₹10,687 million from ₹8,919 million, while profit after tax surged 37.4% to ₹643 million from ₹468 million. EPS improved to ₹11.11 from ₹8.21. The Board also approved allotment of 34,31,446 equity shares (face value ₹10 each) at ₹159.25 per share to promoters Vijay Sanghavi and Seema Sanghavi upon warrant conversion, raising ₹41 crore. The paid-up equity capital increased to ₹71.43 crore. Auditors Pankaj Shah & Associates issued an unqualified opinion with no going concern or emphasis of matter. Operating cash flow was ₹482 million despite heavy CAPEX of ₹1,145 million. Net cash position increased significantly to ₹2,692 million.
Strong operational performance with 37% PAT growth and healthy margins signals positive momentum. Promoter conversion increases their stake to ~45.5%, diluting public shareholders marginally but aligning promoter interests. Positive sentiment expected for the stock.