Newmalayalam Steel has confirmed that its promoters and persons acting in concert have not created any encumbrance over the shares held by them during the financial year ended March 31, 2026. This disclosure ensures that the shareholding structure of the promoter group remains unencumbered, which is a key compliance requirement under market regulations.

The company submitted the annual disclosure to the National Stock Exchange of India on April 7, 2026. The filing was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. This regulation mandates listed companies to provide yearly confirmations regarding the status of encumbrances on shares held by promoters.

Varghese Vazhappily Davis, Managing Director and Promoter of Newmalayalam Steel Limited, signed the declaration on behalf of himself, the promoter, and the promoter group. The confirmation explicitly states that no shares were encumbered, directly or indirectly, throughout the specified period.

The following table outlines the key details of the regulatory filing:

The disclosure was addressed to the Listing Compliance Department of the exchange. The company requested the exchange to acknowledge the receipt of the document and place it on record.

newmalayalam steel reported a 60.5% increase in net profit to ₹707.75 lakh for the financial year ended March 31, 2026, compared to ₹440.98 lakh in the previous year. Revenue from operations for the year grew 5.2% to ₹31,993.01 lakh from ₹30,416.43 lakh in FY25. The company’s board approved the audited standalone and consolidated financial results at a meeting held on May 27, 2026.

The company’s basic and diluted earnings per share (EPS) for the year stood at ₹4.09, up from ₹3.19 in the corresponding period last year. For the half-year ended March 31, 2026, net profit was ₹286.08 lakh, while revenue from operations was ₹15,768.82 lakh. The statutory auditor, Kumar & Biju Associates LLP, issued an unmodified opinion on the financial results.

Financial Performance

The total income for FY26 increased to ₹32,256.28 lakh from ₹30,581.48 lakh in the previous year. Total expenses rose to ₹31,287.33 lakh from ₹29,979.84 lakh. The company’s profit before tax for the year was ₹968.95 lakh, compared to ₹601.64 lakh in FY25. The finance cost for the year decreased to ₹261.49 lakh from ₹342.98 lakh in the prior year.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹703.49 lakh for the year ended March 31, 2026. Revenue from operations for the consolidated entity was ₹31,993.01 lakh. The company acquired a 60% stake in Prime NMS Private Limited on November 7, 2025, which became a subsidiary. Consequently, comparative consolidated figures for the previous year are not available.

Fund Utilization

The company had raised ₹4,176.00 lakh through an initial public offering (IPO) which listed on the NSE Emerge platform on December 27, 2024. As of March 31, 2026, the company had utilized ₹4,127.52 lakh of the net proceeds. The unutilized amount stood at ₹48.48 lakh. Funds were utilized for purposes including working capital, general corporate purposes, advertising, and civil construction.