Outcome of Board meeting held on 29.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steel Strips Infrastructures Ltd reported audited financial results for FY2026 ending March 31. Standalone net loss improved to Rs 66.28 lakh from Rs 86.43 lakh previous year, though consolidated net loss worsened significantly to Rs 1,684.63 lakh from Rs 1,088.27 lakh. Standalone revenue from operations declined to Rs 128.81 lakh from Rs 136.03 lakh year-over-year. The Board also appointed M/s Gupta Abhinav & Associates as internal auditors for FY 2026-27 to comply with Section 138 of Companies Act 2013. Statutory auditors S.C. Dewan & Co issued an unmodified (clean) opinion on both standalone and consolidated results. The company has substantial accumulated losses with negative other equity of Rs 178.17 lakh (standalone) and Rs 6,978.48 lakh (consolidated).
The company continues to incur losses with consolidated losses nearly tripling year-over-year, indicating deterioration in subsidiary/associate performance. However, the clean audit opinion provides some comfort regarding financial reporting accuracy. The appointment of new internal auditors suggests improved governance focus.