The board of directors has approved un-audited standalone financial results for the quarter/nine months ended 31st December, 2025. The meeting of Board of Directors commenced at 20:00 ....

Vallabh Steels Limited reported virtually zero revenue from operations (Rs. 0.01 lakh) for Q3 FY26, while total expenses stood at Rs. 29.23 lakhs, resulting in a net loss of Rs. 29.22 lakhs (EPS of -Rs. 0.59). For the nine-month period, the company posted a net loss of Rs. 88.50 lakhs on total revenue of Rs. 0.03 lakhs, slightly better than the Rs. 104.52 lakh loss in the same period last year. The statutory auditor issued a qualified conclusion, flagging serious concerns: no expected credit loss provisioning on trade receivables, inadequate inventory records, missing actuarial valuation (IND AS-19), no impairment assessment of plant & machinery (IND AS-36), and critically, the company's bank accounts have been classified as Non-Performing Assets (NPA). The auditor also noted that no going concern assessment was conducted, casting doubt on the company's ability to continue operations. The company acknowledged that the financial impact of these qualifications has not been quantified.