Sambhv Steel Tubes Limited has informed the Exchange regarding Change in Auditors of the company.
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Sambhv Steel Tubes Limited held a Board Meeting on May 09, 2026 and approved multiple items. The company reported strong FY2026 consolidated net profit of Rs 1,901.87 million, up significantly from Rs 781.79 million in FY2025. Total income for the year stood at Rs 24,204.61 million. The Board approved a major capacity expansion at its Sarora facility, adding 150,000 MTPA pipe mill capacity (investment Rs 500 million) and a 30 MW captive power plant (investment Rs 1,500 million), targeting completion by December 2027. New appointments include Mr. Bikash Agrawal as Additional Executive Director, Mr. Shashank Goyal as Vice President-Project Management, and Mr. Suresh Kumar Goyal re-designated as Chairman cum Managing Director. New Internal Auditor (M/S Agrawal Jain & Co) and Cost Auditor (M/s AS Rao & Co) were appointed for FY 2026-27. The statutory auditor remained S S Kothari Mehta & Co. LLP with an unmodified opinion on financials.
The expansion plans and strong profit growth indicate positive operational momentum. The additional pipe capacity (43% increase) and captive power plant should improve operational efficiency and reduce energy costs. The appointment of a promoter family member (Shashank Goyal - son of MD) to senior management and new board appointments show continuity of governance.