Q1 profit up 26%, statutory auditor and CFO resign

Auditor Resigned MidtermCfo ResignedManagement Changes View source PDF Explain this filing

SBCL · price

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

+19.9%Reaction day

₹767.90

prior close

₹850.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+19.9% vs market

Iron & Steel Products peers, median of 98sector-0.2%+20.1% vs sector

On the reaction day the stock moved 19.9 pts more than Nifty Microcap 250 and 20.1 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

-0.5

10m

+1.6

15m

+4.2

30m

+4.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+19.9+0.0+19.9-0.2+20.1

Next day

+43.9-0.0+43.9+0.1+43.8

+35.3-0.2+35.5+0.0+35.3

+33.7+0.2+33.5-0.4+34.0

+31.6+0.3+31.3-0.9+32.5

+35.2+0.4+34.8-1.0+36.3

+33.2+0.9+32.3-1.6+34.8

15d

+36.2+1.6+34.7+1.5+34.8

+43.0+2.0+40.9-0.2+43.2

+42.6+0.6+42.1+0.3+42.3

—————

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 98Pending

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

AI summary

Shivalik Bimetal posted strong Q1 FY27 results: standalone net profit up 26 percent to Rs 26.4 crore on revenue of Rs 131.8 crore; consolidated net profit up 45 percent to Rs 33 crore. Statutory auditor Arora Gupta and Co resigned mid-term citing expanded audit scope and resource constraints, replaced by Walker Chandiok and Co LLP for a proposed 5-year term. CFO Rajeev Ranjan also resigns effective Oct 31, 2026. AGM set for Sept 2, 2026; Aug 26 is record date for FY26 final dividend.

Likely market impact

Strong Q1 earnings are positive; auditor exit was amicable with no governance flags, but CFO change adds near-term uncertainty. Watch AGM outcome.