As per attached letter

EBITDA margin compressionRelated-party transactionsResults View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+20.3%Reaction day

₹125.00

prior close

₹134.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+20.0% vs market

Iron & Steel Products peers, median of 90sector+0.0%+20.3% vs sector

On the reaction day the stock moved 20.0 pts more than Nifty Microcap 250 and 20.3 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+4.5

10m

+5.2

15m

+3.7

30m

+11.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+20.3+0.3+20.0+0.0+20.3

Next day

+34.4-0.4+34.8-0.4+34.8

+36.0-2.0+37.9-1.8+37.8

+31.0-1.5+32.4-1.9+32.9

+26.0-1.8+27.8-1.5+27.5

+24.8-2.9+27.7-3.1+27.9

+17.0-4.0+21.0-3.4+20.5

15d

+33.6-1.1+34.7-4.0+37.6

+29.1-3.1+32.2-5.7+34.8

+21.6-4.8+26.4-5.7+27.3

+19.2-0.7+19.8-5.2+24.4

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board approved unaudited Q1 FY26 (quarter ended June 30, 2025) results, with revenue from operations at ₹2,661.71 lakhs (up ~15.9% YoY from ₹2,297.14 lakhs) and net profit after tax of ₹21.07 lakhs versus ₹19.65 lakhs in Q1 FY25; EPS stood at ₹0.19. The Board also cleared preferential allotments totalling about ₹24.12 crores at ₹129.33 per share/warrant: 6,69,226 convertible warrants to South Korea-based WSG Co. Limited (~₹8.65 cr), 5,00,000 equity shares to promoter group entity Remi Finance and Investment Pvt Ltd (~₹6.47 cr), and 6,95,893 equity shares to non-promoter allottees (~₹9.00 cr). WSG will invest USD 1 million and license technology/machinery to manufacture Ultra High Purity and titanium stainless steel tubes in India. Cost Auditor Kejriwal & Associates and Internal Auditor SIGMAC & Co. were reappointed for FY26, while Kamlesh Rajoria & Associates was appointed as Secretarial Auditor for five years; the 54th AGM is scheduled for August 28, 2025.

Likely market impact

The preferential issues will dilute existing shareholders but bring in a strategic foreign partner (WSG) and fresh capital for higher-value UHP and titanium tube manufacturing. However, EBITDA margin compressed to ~5.3% in Q1 FY26 from ~6.0% a year ago despite revenue growth, signalling cost pressure that may cap near-term earnings upside.