Bengal Steel Industries Limited held its Board of Directors meeting on 12th May, 2026, at its registered office in Kolkata, and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March, 2026. The filing was made pursuant to Regulations 30, 33, and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, the company published the results as newspaper advertisements in Financial Express (National English daily) and Ekdin (Vernacular daily) on 14th May, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015. The audit reports issued by statutory auditors M/s. S. Ghose & Co. LLP carry an unmodified opinion, confirming the absence of any qualifications on both standalone and consolidated financial statements.

Standalone Financial Performance

On a standalone basis, Bengal Steel Industries reported a strong improvement in profitability for the year ended March 31, 2026. Total revenue grew to ₹70.79 lakhs from ₹61.54 lakhs in the previous year, driven by revenue from operations of ₹60.00 lakhs and other income of ₹10.79 lakhs. Total expenses declined significantly to ₹30.04 lakhs from ₹40.28 lakhs, resulting in a near-doubling of net profit after tax. The following table summarises the key standalone financial metrics:

Standalone Balance Sheet Highlights

The standalone balance sheet as at 31st March, 2026 reflects a healthy financial position. Total assets stood at ₹1,097.18 lakhs, up from ₹1,059.79 lakhs in the prior year. Cash and cash equivalents increased to ₹143.23 lakhs from ₹106.17 lakhs. Total equity improved to ₹1,040.23 lakhs from ₹1,005.95 lakhs, supported by other equity of ₹550.23 lakhs.

On a standalone cash flow basis, net cash from operating activities was ₹26.28 lakhs for the year ended 31st March, 2026, while net cash from investing activities amounted to ₹10.79 lakhs, primarily on account of interest income on fixed deposits. Cash and cash equivalents at the end of the year stood at ₹143.23 lakhs, compared to ₹106.17 lakhs at the beginning of the year.

Consolidated Financial Performance

The consolidated results include Bengal Steel Industries Limited as the parent company and Tamil Nadu Alkaline Batteries Limited as its subsidiary. On a consolidated basis, total revenue for the year ended 31st March, 2026 was ₹70.79 lakhs, with net profit after tax of ₹34.03 lakhs, compared to ₹17.53 lakhs in the prior year. The subsidiary reported total assets of ₹135.85 lakhs as at 31st March, 2026, with a net loss after tax of ₹(0.25) lakhs for the year.

Consolidated Balance Sheet and Cash Flows

The consolidated balance sheet as at 31st March, 2026 showed total assets of ₹1,123.59 lakhs, up from ₹1,086.46 lakhs in the prior year. Total equity stood at ₹1,038.83 lakhs, including non-controlling interest of ₹3.95 lakhs. Consolidated cash and cash equivalents at year-end were ₹143.51 lakhs, compared to ₹106.44 lakhs at the start of the year. Net cash from operating activities on a consolidated basis was ₹26.28 lakhs, and net cash from investing activities was ₹10.79 lakhs.

Regulatory Compliance and Authorisation

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 12, 2026. The board meeting commenced at 4:30 P.M. and concluded at 5:30 P.M. The Board of Directors authorised Mr. V.N. Agarwal, Director, to sign the results on behalf of the company. The filing was submitted to BSE Limited by Neha Mehra, Company Secretary & Compliance Officer. The declaration confirming unmodified audit opinions was also filed in terms of Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015. In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015, the company published the audited financial results as newspaper advertisements in Financial Express (National English daily) and Ekdin (Vernacular daily) on 14th May, 2026, with the intimation submitted to BSE Limited by Neha Mehra.

Bengal Steel Industries Ltd. has officially communicated to BSE Limited that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India (SEBI) regulations, thereby exempting itself from certain mandatory disclosure requirements for the financial year 2025-26.

Regulatory Compliance Disclosure

The company submitted its disclosure on April 16, 2026, in accordance with SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular establishes specific criteria and obligations for companies classified as 'Large Corporates' under Indian securities regulations.

Impact on Disclosure Requirements

With this confirmation, Bengal Steel Industries Ltd. is not subject to the enhanced disclosure requirements that apply specifically to large corporates. The company stated that the disclosure requirements outlined in the SEBI circular are not applicable for the financial year ended March 31, 2026.

Corporate Communication

The formal communication was signed by Neha Mehra, who serves as both Company Secretary and Chief Financial Officer of Bengal Steel Industries Ltd. The disclosure was digitally signed and submitted to BSE Limited's Department of Corporate Services.

Company Information

Bengal Steel Industries Ltd., incorporated in 1947, operates from its registered office at Godrej Genesis in Kolkata's Salt Lake area. The company maintains its corporate identification number as L70109WB1947PLC015087, reflecting its long-standing presence in the Indian industrial sector.

This regulatory disclosure ensures transparency regarding the company's corporate classification and confirms its compliance with applicable SEBI guidelines for the current financial year.