Outcome of the Meeting of Board of Directors held on 29th May, 2026 at 03:30 P.M.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Rishabh Digha Steel & Allied Products Ltd approved audited financial results for FY2026 (year ended March 31, 2026). Revenue from operations declined to Rs 98.03 lakhs from Rs 105.27 lakhs in FY2025 (about 7% drop). However, profitability improved significantly with profit before tax jumping to Rs 60.27 lakhs from Rs 6.58 lakhs, and net profit rising to Rs 24.53 lakhs from Rs 7.79 lakhs - a 215% PAT growth. The company also appointed M/s Yogesh Bhuva & Co. as Internal Auditor for FY2026-27. Statutory auditors issued an unmodified (clean) opinion. Current borrowings increased substantially to Rs 287.95 lakhs from Rs 0.03 lakhs, while operating cash flow remained negative at Rs -63.88 lakhs.
Positive signal from strong profit growth and clean audit, but revenue decline and negative operating cash flow warrant caution. Significant increase in debt levels may concern lenders and investors.