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.

Earthstahl & Alloys Limited has announced the appointment of Mr. Ankit Kumar Dewangan as Company Secretary & Compliance Officer, marking a key addition to the company's leadership team. The appointment comes as part of the company's ongoing efforts to strengthen its corporate governance framework.

Board Approval and Timeline

The Board of Directors approved the appointment during their meeting held on April 30, 2026, which commenced at 06:00 p.m. IST and concluded at 07:30 p.m. IST. The appointment was made based on the recommendation of the Nomination & Remuneration Committee and will be effective from May 1, 2026.

Professional Background

Mr. Ankit Kumar Dewangan brings relevant professional credentials to his new role. He is an associate member of the Institute of Company Secretaries of India, holding membership number A-77306. His educational background includes a commerce graduate degree, providing him with the foundational knowledge necessary for corporate secretarial functions.

Regulatory Compliance

The appointment has been communicated to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015. The company has provided all required disclosures pursuant to SEBI circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Company Information

Earthstahl & Alloys Limited operates from its registered office located in Duldula Village, Simga Tehsil, Baloda Bazar, Chhattisgarh. The company trades on BSE under scrip code 543765 and maintains its corporate communication through established channels for investor relations and regulatory compliance.