Chennai Ferrous Industries Limited reported a net profit of ₹338.22 lakh for the financial year ended March 31, 2026, a decrease from ₹401.08 lakh in the previous year. Revenue from operations for the year stood at ₹13,231.06 lakh, compared to ₹22,242.73 lakh in FY25. The board of directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026, at the company's registered office in Gummidipoondi, Tamil Nadu.

The statutory auditors, M/s. Aayush Bohra A & Co., Chartered Accountants, issued an unmodified opinion on the standalone financial results for the year ended March 31, 2026. The results were reviewed by the audit committee and subsequently approved by the board. The company is engaged in the business of "Sponge Iron and Coal" and operates under a single reportable segment in accordance with Ind-AS 108.

Financial Performance Summary

For the quarter ended March 31, 2026, the company reported a net profit of ₹197.60 lakh, with income from operations at ₹584.57 lakh. Total assets as of March 31, 2026, were recorded at ₹6,941.00 lakh, while equity share capital remained unchanged at ₹360.45 lakh. The trading window for dealing in the company's securities remained closed until 48 hours after the conclusion of the board meeting.

Chennai ferrous Industries Limited has issued a clarification to BSE Limited regarding recent significant price movement observed in its securities. The response, dated April 10, 2026, addresses the exchange's surveillance inquiry about unusual trading activity in the company's stock.

Company's Official Response to Price Movement

In its formal reply to BSE's surveillance department, Chennai Ferrous Industries provided a comprehensive explanation for the recent price volatility. The company categorically stated that no undisclosed material events, price-sensitive information, or corporate developments at the company level contributed to the observed stock movement.

Compliance and Disclosure Status

The company emphasized its adherence to regulatory requirements under SEBI regulations. Chennai Ferrous Industries confirmed full compliance with disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management assured that all necessary disclosures have been made to the exchange in a timely manner.

Key compliance highlights include:

• No pending announcements or material information awaiting disclosure
• All material developments disclosed promptly to the exchange
• Continued commitment to regulatory compliance obligations

Market Factors Attribution

The company attributed the observed price movement to external market dynamics rather than company-specific developments. According to the official response, the price volatility appears to result from market-driven factors and general investor sentiment, which remain beyond the company's control and influence.

Forward Commitment

Chennai Ferrous Industries assured stakeholders of its continued commitment to transparency and regulatory compliance. The company pledged to maintain adherence to all applicable listing and disclosure obligations while promising prompt communication of any future material developments to the exchange as they arise.