S.A.L. Steel Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
SALSTEEL · price
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S.A.L. Steel's board, meeting on August 14, 2025, approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Total revenue stood at Rs. 127.68 crore, up from Rs. 110.71 crore in Q1 FY25. However, the company reported a net loss of Rs. 9.68 crore, against a marginal profit of Rs. 0.16 crore in the year-ago quarter, with loss per share of Rs. 1.14. The auditor (Parikh & Majmudar) issued a qualified review opinion, flagging non-provision of electricity duty (Rs. 90.40 lakh impact) and non-impairment of capital work-in-progress (Rs. 100.94 lakh impact). The board also approved the 22nd AGM notice for September 26, 2025, and appointed a scrutinizer for e-voting.
Investors should note the widening quarterly losses and the auditor's qualified opinion on regulatory non-compliance, which together signal continued financial stress. The lack of segment reporting and pending provisions further cloud earnings visibility, making this a cautious watch for shareholders.