Kanishk Steel Industries Limited reported a net profit of ₹510.01 lakh for the financial year ended March 31, 2026, compared to ₹832.10 lakh in the previous year. The company's total revenue from operations for FY26 stood at ₹40,657.00 lakh, an increase from ₹37,164.23 lakh in FY25. The Board of Directors approved the audited standalone financial results during a meeting held on May 27, 2026, and the results were subsequently published in newspapers on May 28, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The approval follows a review by the Audit Committee and is in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting, which commenced at 3.00 P.M. and concluded at 7.00 P.M., also considered the Auditor's Report issued by the Statutory Auditors, M/s. Chaturvedi & Partners. The auditors issued an unmodified opinion on the financial results.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹125.09 lakh, a turnaround from the net loss of ₹160.58 lakh in the corresponding quarter of the previous year. Total revenue from operations for Q4FY26 was ₹11,416.87 lakh, up from ₹9,857.04 lakh in Q4FY25. The Basic Earnings Per Share (EPS) for FY26 was reported at ₹1.79, compared to ₹2.93 in the prior year.

Financial Highlights for FY26

The company recognised an exceptional item of ₹8.96 lakhs during the quarter ended March 31, 2026, related to a provision for the impact of new Labour Codes notified by the Government of India. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and are available on the company's website.

Kanishk Steel Industries Limited has disclosed its related party transactions for the half year ended March 31, 2026, to BSE Limited. The submission, made pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines financial dealings with key management personnel (KMP) and specific enterprises. The disclosure provides transparency on transactions conducted during the period from October 2025 to March 2026.

The related parties identified include KMP such as Vishal Keyal, Chairman and Managing Director, and Ashok Bohra, Whole Time Director and CFO. Additionally, the list includes directors, promoters, and relatives of promoters. Enterprises where KMP or their close family members hold significant influence or control are also listed, specifically Indian Corporate Business Centre Limited, OPG Business Centre Private Limited, and Kanishk Metal Recycling Private Limited.

Transactions with Enterprises

Transactions with these enterprises primarily involved operational expenses. OPG Business Centre Private Limited received ₹271.63 lakh for the purchase of power and ₹0.71 lakh for rent. An outstanding balance of ₹200.00 lakh was recorded as on October 1, 2025, which was cleared by the end of the period.

Kanishk Metal Recycling Private Limited was paid ₹3.54 lakh for rent. Transactions with Indian Corporate Business Centre Limited included ₹90.28 lakh for import handling service charges and ₹1.62 lakh in sales. An outstanding amount of ₹4.77 lakh as of October 1, 2025, increased to ₹9.21 lakh by March 31, 2026.

Remuneration to Key Management Personnel

The company disclosed remuneration and sitting fees paid to its KMP and directors during the half year. Vishal Keyal received ₹4.50 lakh, while Ashok Bohra received ₹10.50 lakh. Directors Munuswamy Sathiyamoorthy, Rangaswamy Ramesh, and Manju Meenakshi each received ₹0.08 lakh. Company Secretary Hena Singh was paid ₹1.50 lakh. No remuneration was paid to promoters Alok Gupta and Ravikumar Gupta during this period.