Krupalu Metals FY26 PAT falls 73% to ₹74.10 lakh, auditor confirms IPO fund use

2 min read     Updated on 28 May 2026, 11:11 PM
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Krupalu Metals Limited reported a 73% decline in PAT to ₹74.10 lakh for FY26, with revenue falling to ₹1,663.25 lakh. The statutory auditor confirmed that the ₹1,347.84 lakh raised via an IPO in September 2025 was utilized for capital expenditure, working capital, and general corporate purposes without deviation. The board accepted the resignation of the existing auditor and appointed a new firm subject to shareholder approval.

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Krupalu Metals Limited reported a profit after tax (PAT) of ₹74.10 lakh for the financial year ended March 31, 2026, a decline of 73% from ₹277.23 lakh in the previous year. Revenue from operations for FY26 stood at ₹1,663.25 lakh, significantly lower than the ₹6,225.78 lakh recorded in FY25. The board approved the audited financial results for the half-year and full year on May 28, 2026. The statutory auditors issued an unmodified opinion on the results.

The board took note of the resignation of M/s. K M Chauhan & Associates, Chartered Accountants, from the office of Statutory Auditor effective May 28, 2026. The resignation letter cited pre-occupation and increased audit scope due to recent changes in financial reporting requirements. To fill the casual vacancy, the board appointed M/s. Sunit M. Chhatbar & Co., Chartered Accountants, as the new statutory auditor subject to shareholder approval.

Financial Performance

The company's total income for FY26 was ₹1,663.80 lakh, down from ₹6,226.84 lakh in the previous year. Total expenses for the year were ₹1,565.84 lakh. Basic earnings per share (EPS) for the year decreased to ₹1.85 from ₹5.54 in the prior year. For the half-year ended March 31, 2026, the company reported a PAT of ₹304.55 lakh on revenue of ₹4,277.06 lakh.

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Revenue from Operations 1,663.25 6,225.78
Total Income 1,663.80 6,226.84
Total Expenses 1,565.84 5,838.07
Net Profit 74.10 277.23
Basic EPS 1.85 5.54

Utilization of Issue Proceeds

The company issued 18,72,000 equity shares via a public issue in September 2025, raising ₹1,347.84 lakh. The certificate of utilization of issue proceeds confirmed that funds were utilized for capital expenditure, working capital, and general corporate purposes. There was no deviation or variation in the use of funds raised. The trading window for dealing in the company's securities, which was closed since April 01, 2026, will reopen 48 hours after the declaration of these results.

Object Allocation (₹ in Lakhs) Utilised (₹ in Lakhs) Unutilised (₹ in Lakhs)
Capital Expenditure 518.05 412.00 106.05
Working Capital 570.46 570.46 0.00
General Corporate Purpose 110.00 110.00 0.00
Issue Related Expenses 149.33 129.11 20.22

Historical Stock Returns for Krupalu Metals

1 Day5 Days1 Month6 Months1 Year5 Years
+4.64%+1.77%+6.32%-32.98%-41.88%-41.88%

What strategic initiatives will Krupalu Metals implement to reverse the 73% decline in profit after tax?

How will the company utilize the remaining ₹106.05 lakh in unallocated capital expenditure funds to drive future growth?

Will the appointment of the new statutory auditor lead to significant changes in the company's financial reporting practices?

Krupalu Metals Limited Files Q4FY26 Compliance Certificate Under SEBI Regulation 74(5)

1 min read     Updated on 17 Apr 2026, 06:05 PM
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Krupalu Metals Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on 17th April 2026. The certificate, issued by registrar Cameo Corporate Services Limited, confirms proper processing of securities dematerialisation during the quarter ended 31st March 2026, including timely confirmation to depositories and appropriate handling of security certificates.

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Krupalu Metals Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended 31st March 2026, demonstrating adherence to depositories and participants regulations. The Gujarat-based metals company submitted the mandatory documentation to BSE Limited on 17th April 2026.

Regulatory Compliance Details

The compliance certificate was issued by Cameo Corporate Services Limited, serving as the company's registrar and share transfer agent. The certificate confirms that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed and confirmed to the depositories.

Parameter: Details
Reporting Quarter: Q4FY26 (ended 31st March 2026)
Certificate Date: 03 April 2026
Filing Date: 17th April 2026
Registrar: Cameo Corporate Services Limited
BSE Scrip Code: 544509

Certificate Confirmations

Cameo Corporate Services Limited confirmed several key compliance aspects in their certificate:

  • Securities received from depository participants during Q4FY26 were confirmed (accepted/rejected) to depositories within required timeframes
  • All securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are listed
  • Security certificates received for dematerialisation were mutilated and cancelled after due verification by depository participants
  • Names of depositories were substituted in the register of members as registered owners within stipulated time limits

Company Information

Krupalu Metals Limited, formerly known as Krupalu Metals Private Limited, operates from its registered office at Plot No 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat. The company trades on BSE under the symbol KRUPALU with scrip code 544509. Managing Director Jagdish Parsottambhai Katariya signed the compliance filing on behalf of the company.

The submission of this compliance certificate fulfills the company's regulatory obligations under SEBI's depositories and participants regulations, ensuring transparency in share transfer and dematerialisation processes.

Historical Stock Returns for Krupalu Metals

1 Day5 Days1 Month6 Months1 Year5 Years
+4.64%+1.77%+6.32%-32.98%-41.88%-41.88%

What operational developments or expansion plans might Krupalu Metals announce in their upcoming Q4FY26 financial results?

How will the metals industry regulatory landscape evolve following SEBI's continued emphasis on depositories compliance?

Could Krupalu Metals be considering additional stock exchange listings given their strong compliance track record?

More News on Krupalu Metals

1 Year Returns:-41.88%