National General Industries reported a net loss of ₹47.93 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹94.28 lakh in the previous year. The company’s revenue from operations contracted by approximately 13% to ₹895.30 lakh, driven primarily by a sharp decline in job work services.

The engineering steel manufacturer faced headwinds in the steel sector, with lower business volumes and competitive pressures impacting realizations. While sales of finished goods nearly doubled to ₹304.16 lakh from ₹164.50 lakh, this growth was more than offset by a drop in job work service revenue to ₹591.14 lakh from ₹870.22 lakh.

Financial Performance

Total income stood at ₹1,095.44 lakh, supported by other income that rose to ₹200.14 lakh from ₹163.49 lakh. However, total expenses increased to ₹1,138.96 lakh from ₹1,077.06 lakh. Cost of materials consumed rose to ₹654.10 lakh from ₹603.80 lakh, while employee benefit expenses climbed to ₹207.86 lakh.

Profit before tax swung to a loss of ₹43.53 lakh. The company recorded deferred tax expenses of ₹4.40 lakh against nil current tax, contrasting with ₹26.00 lakh in current tax and ₹0.87 lakh in deferred tax during the prior year.

What the Numbers Show

The divergence between operating performance and investment returns is notable. While the core steel manufacturing segment posted an operating loss of ₹79.03 lakh, the investments segment generated an operating profit of ₹41.82 lakh. Other income, which includes gains from investments, constituted roughly 46% of total income, highlighting the company's reliance on non-operating revenues to cushion operational losses.

Corporate Actions

The Board did not recommend any dividend for the year. Additionally, the company announced the forfeiture of 10,47,600 equity shares due to non-payment of calls, resulting in a reduction of share capital and securities premium by ₹26.19 lakh each. The Annual General Meeting is scheduled for September 30, 2026.

National General Industries will hold its 40th Annual General Meeting on September 30, 2026. The session is scheduled for 1:30 pm and will be conducted exclusively through Video Conferencing or Other Audio Visual Means.

Meeting Details

The company issued a public notice regarding the upcoming AGM, complying with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in national and regional newspapers to inform shareholders.

Shareholders can participate remotely as per MCA and SEBI directives. No physical attendance is permitted. The company secretary, Vandana Gupta, signed the communication dated September 3, 2026.

Shareholder Instructions

Members whose email addresses are registered with the company or their Depository Participant will receive the AGM notice and the Annual Report for FY25-26 electronically. This aligns with the government’s Go-Green initiative.

• Physical holders must register email IDs with Skyline Financial Services Private Limited.
• Demat holders should update details with their respective Depository Participants.

E-voting and remote e-voting facilities are available. Login credentials will be sent to registered email addresses. The annual report will also be accessible on the company website and BSE Limited.