Vedanta Iron and Steel submits first audited financials post listing
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Vedanta Iron and Steel Limited, listed on June 15, 2026, submitted audited FY26 financials. The company reported zero revenue and a net loss of ₹3.66 Lakhs (vs ₹2.85 Lakhs loss in FY25), with negative equity of ₹7.41 Lakhs. Total assets were just ₹1.91 Lakhs with no property, plant, equipment, inventory, or employees. Cash losses continued for a second year and operating cash flow was negative at ₹(2.42) Lakhs. Auditor Haribhakti & Co. issued a clean, unqualified opinion. No dividend was declared.
Negative equity, zero revenue, and continued losses signal financial weakness. Investors should note the company has no operations or employees yet.