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 a standalone net loss of Rs. 66.28 lakhs for FY2026 (vs Rs. 86.43 lakhs loss in FY2025). Consolidated net loss stood at Rs. 1684.63 lakhs. Revenue from operations was Rs. 128.81 lakhs in Q4. The company has substantial accumulated losses with negative other equity of Rs. (1042.47) lakhs on standalone basis. The Board approved appointment of M/s Gupta Abhinav & Associates as Internal Auditors for FY2026-27 to comply with Section 138 of Companies Act, 2013. Statutory auditors S.C. Dewan & Co. issued an unmodified opinion on the financial statements. The financial figures for corresponding previous periods have been restated/regrouped.
The company continues to incur losses with a negative equity position, indicating stress on the going concern assumption despite the unqualified audit opinion. Investors should monitor the company's ability to turnaround operations and restore equity.