National General Industries Ltd reported a net loss of ₹47.93 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹94.29 lakh recorded in the previous year. The company's revenue from operations fell to ₹1,095.44 lakh in FY26 from ₹1,198.22 lakh in FY25. For the quarter ended March 31, 2026, the company posted a net loss of ₹16.69 lakh, contrasting with a net profit of ₹31.26 lakh in the corresponding quarter of the previous year.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board.

Financial Performance

The company's total income for FY26 stood at ₹1,095.44 lakh, down from ₹1,198.22 lakh in the previous year. Total expenses increased to ₹1,138.98 lakh from ₹1,077.06 lakh in FY25. The basic earnings per share (EPS) for FY26 was reported at a loss of ₹0.93, compared to a profit of ₹1.99 in the previous year.

Segment Reporting

The company operates primarily in two segments: Steel and Others (investment activities). The Steel segment reported a revenue of ₹895.30 lakh for FY26, down from ₹1,034.72 lakh in the previous year. The Others segment reported revenue of ₹200.14 lakh, an increase from ₹163.49 lakh in FY25. The Steel segment incurred a loss before interest and tax of ₹79.03 lakh, while the Others segment reported a profit of ₹41.82 lakh.

Auditor's Report

M/s. R K Govil & Co., Chartered Accountants, audited the financial results and issued an unmodified opinion. The report confirms that the financial results give a true and fair view of the company's financial performance for the period. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013.

National General Industries Ltd has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, issued by M/s. Deepak Bansal & Associates, confirms the company's compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Status

The practicing company secretary examined the entity's documents, records, and filings for the review period. The report confirms that the listed entity has complied with the provisions of the specified regulations and circulars. No deviations or violations were reported during the audit period.

Key Observations

The report highlights several specific compliance areas and actions taken by the company during the year:

Share Forfeiture Details

The Board of Directors, at their meeting held on November 14, 2025, approved the forfeiture of amounts received against partly paid shares. This decision was made due to the non-payment of the remaining call money.

The forfeiture was approved in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2025. BSE Limited, CDSL, and NSDL also accorded their respective approvals for the same.

Additional Disclosures

The report notes that there were inter-se transfers amongst promoter shareholders during the year based on gifts to immediate relatives. These transfers were conducted in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and the SEBI (Prohibition of Insider Trading) Regulations, 2015. No statutory auditors resigned during the financial year, and no actions were taken by SEBI or stock exchanges against the entity or its promoters.