Niraj Ispat Industries niraj ispat industries has scheduled its 41st Annual General Meeting (AGM) for August 20, 2026. During a Board meeting held on July 25, 2026, the company’s directors also approved the reappointment of M/S Vipin Kumar & Company as its internal auditor for the financial year 2026-27 and signed off on the Board Report for the year ended March 31, 2026. These approvals ensure regulatory compliance under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provide shareholders with clear timelines for upcoming corporate governance proceedings.

The Board of Directors concluded its meeting at 1:00 P.M. at the company’s registered office in North Delhi. In addition to the auditor reappointment and AGM notice, the Board appointed Mr. Vivek Kumar, Proprietor of V Kumar & Associates, as the Scrutinizer for the 41st AGM. The disclosures were made in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013. The company also referenced SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Board Approvals

The Board’s decisions focus on maintaining robust internal controls and preparing for shareholder engagement. The reappointment of M/S Vipin Kumar & Company ensures continuity in the internal audit function, leveraging the firm’s extensive experience. Mr. Vipin Kumar, a Chartered Accountant registered with the Institute of Chartered Accountants of India (ICAI), New Delhi, brings 36 years of professional experience to the role. There is no disclosed relationship between the appointed auditor and the company’s directors.

Auditor Profile and Compliance

The term of appointment for M/S Vipin Kumar & Company commences for the financial year 2026-27 and remains effective until the end of that period, unless terminated earlier in accordance with applicable terms. The disclosure was signed by Chaitanya Chaudhry, Director and CEO of Niraj Ispat Industries Ltd. The company emphasized that these measures align with regulatory requirements to ensure robust financial oversight for shareholders.

Niraj Ispat Industries reported a 30% year-on-year increase in net profit to ₹38.97 lakh for the quarter ended March 31, 2026, driven by higher other income. Revenue from operations for the quarter stood at ₹89.29 lakh, while total income rose marginally to ₹127.69 lakh. For the full financial year FY26, the company recorded a net profit of ₹162.44 lakh on a total income of ₹508.21 lakh.

The company's board approved the financial results at a meeting held on May 25, 2026. The statutory auditors, Sanjeev Anand & Associates, audited the results for the year ended March 31, 2026, and expressed an unmodified opinion. The results were prepared in compliance with Indian Accounting Standards (Ind-AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations for Q4FY26 decreased from ₹99.64 lakh in the corresponding period of the previous year. However, other income increased to ₹38.40 lakh from ₹27.51 lakh in Q4FY25. Total expenses for the quarter rose to ₹73.88 lakh from ₹76.16 lakh in the prior year. The profit before tax for the quarter stood at ₹53.81 lakh compared to ₹50.98 lakh in the same period last year.

For the full year FY26, revenue from operations was ₹362.19 lakh, while other income contributed ₹146.02 lakh. Total expenses for the year amounted to ₹288.48 lakh. The basic and diluted earnings per share (EPS) for Q4FY26 were reported at ₹6.50, compared to ₹5.00 in the same quarter of the previous year.

Segment and Operational Details

Niraj Ispat Industries is engaged in the manufacturing of poly buttons and operates a single reportable operating segment as per Ind AS 108. The company resubmitted the financial results to the National Stock Exchange on June 20, 2026, to provide clarification regarding the authorized signatory's signature on the initial submission dated May 25, 2026.

Balance Sheet and Cash Flows

The company's total assets as of March 31, 2026, stood at ₹2,167.05 lakh, a slight increase from ₹2,010.11 lakh in the previous year. Equity share capital remained unchanged at ₹60.00 lakh, while total equity increased to ₹1,593.00 lakh from ₹1,430.56 lakh. Borrowings, including non-current and current liabilities, were recorded at ₹455.17 lakh.

Cash flow from operating activities for the year ended March 31, 2026, was negative at ₹(141.25) lakh, compared to ₹(412.26) lakh in the previous year. Net cash used in investing activities was ₹142.78 lakh, while financing activities resulted in a net outflow of ₹3.26 lakh. Cash and cash equivalents at the end of the fiscal year stood at ₹1.14 lakh.