Earthstahl & Alloys Limited has appointed M/s Himanshu R & Co. as its Internal Auditor and M/s S.G. Kankani & Associates as its Secretarial Auditor for the financial year 2026-27. The Board of Directors approved these appointments at a meeting held on May 30, 2026, ensuring compliance with the applicable provisions of the Companies Act, 2013.

M/s Himanshu R & Co., a Chartered Accountancy firm based in Raipur, Chhattisgarh, will serve as the Internal Auditor. The firm, led by CA Himanshu Jain, holds core expertise in statutory audits, internal and management audits, and provides a range of financial services.

M/s S.G. Kankani & Associates has been appointed as the Secretarial Auditor. The firm, comprising Company Secretaries, brings experience in secretarial audit, corporate laws, advisory services, FEMA compliances, and project consultancy. It is recognized as a leading firm of Company Secretaries in the State of Chhattisgarh.

There are no disclosed relationships between the directors of Earthstahl & Alloys Limited and the appointed audit firms. The appointments are effective from May 30, 2026, and cover the duration of the financial year 2026-27.

Details of Appointments

Earthstahl & Alloys Limited reported a net loss of ₹489.81 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹53.37 lakh recorded in the previous year. The company's revenue from operations fell to ₹6,159.01 lakh in FY26 from ₹7,227.64 lakh in FY25. The financial performance was impacted by adverse market conditions, leading the company to operate only one submerged arc furnace out of two starting November 1, 2025.

The board of directors approved the audited standalone financial results for the year and half-year ended March 31, 2026, at a meeting held on May 30, 2026. Total expenses for the year stood at ₹6,887.93 lakh, slightly lower than the ₹7,202.23 lakh reported in the previous year. The basic and diluted earnings per share (EPS) for the year were recorded at (₹4.00) compared to ₹0.44 in FY25.

Segment Performance

The company operates across two primary segments: Cast Iron Lumps and Casting Articles (Foundry). The Cast Iron Lumps segment reported a loss before tax and interest of ₹718.73 lakh for the year, while the Casting Articles segment posted a profit of ₹252.63 lakh. Total assets as of March 31, 2026, stood at ₹5,727.96 lakh, a decrease from ₹6,761.44 lakh in the prior year.

Financial Highlights

OP Bagla & Co. LLP, Chartered Accountants, audited the financial results and issued an unmodified opinion. The trading window for designated persons, which closed on April 1, 2026, will remain shut until 48 hours after the declaration of these results.