We wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. May 27, 2026, 1. Approved Audited Financial Results for the quarter / financial year ended ....
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Shree Steel Wire Ropes Ltd held its Board Meeting on May 27, 2026, approving the audited financial results for Q4 and FY ended March 31, 2026. The company reported Total Revenue of Rs. 331.15 Lakh for FY2026, a significant decline from Rs. 705.47 Lakh in the previous year. The company posted a Loss Before Tax of Rs. 51.12 Lakh and Loss After Tax of Rs. 34.56 Lakh, compared to profits in the prior year. Total Equity declined from Rs. 1,328.82 Lakh to Rs. 1,276.24 Lakh. The Statutory Auditor, Chandak Agarwal & Co, issued an unmodified (clean) opinion on the financial statements. The Board also appointed Mrs. Jyoti Kashyap Padia as Company Secretary and Compliance Officer, and re-appointed Praveen Chandak & Associates as Internal Auditor for FY 2026-27.
The company has reported a significant revenue decline of approximately 53% and a net loss for FY2026, which signals operational challenges. However, the clean audit opinion provides some comfort regarding financial reporting reliability. Shareholders should monitor if the losses continue in FY2027.