Deepika Amit Dalmiya has resigned from the position of Company Secretary and Compliance Officer at nitiraj engineers , effective from the close of business hours on June 1, 2026. The resignation was submitted to the Board of Directors, citing personal and professional commitments as the reason for her departure. Dalmiya confirmed that there are no material reasons for her resignation other than those stated in her letter.

In her communication to the Board, Dalmiya requested that the necessary forms and intimations be filed with the Registrar of Companies, Stock Exchanges, and other regulatory authorities. She expressed her gratitude to the Board, management, and colleagues for their support and cooperation during her tenure with the company. The Board is expected to accept the resignation and take the same on record.

Resignation Details

Nitiraj Engineers Limited reported a 78% decline in net profit for the financial year ended March 31, 2026, primarily due to a sharp drop in revenue. The company’s profit for the period stood at ₹106.06 lakh, down from ₹483.10 lakh in the previous year, while revenue from operations decreased 39% to ₹4,641.07 lakh. The board of directors approved the audited standalone financial results for the year and quarter on May 29, 2026.

The statutory auditors issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For the quarter ended March 31, 2026, the company reported a net loss of ₹63.74 lakh, contrasting with a profit of ₹39.42 lakh in the preceding quarter ended December 31, 2025. Quarterly revenue from operations also declined significantly to ₹817.76 lakh from ₹1,130.69 lakh in Q3FY26.

Total expenses for FY26 decreased to ₹4,648.09 lakh from ₹7,080.12 lakh in the prior year, driven by lower costs of materials consumed and other expenses. However, employee benefits expense rose to ₹728.79 lakh from ₹655.46 lakh. The finance costs for the year reduced to ₹6.20 lakh compared to ₹20.04 lakh in FY25.

Financial Performance Summary

The balance sheet as of March 31, 2026, shows total assets at ₹9,316.25 lakh, slightly higher than ₹9,255.41 lakh in the previous year. Equity stood at ₹8,233.52 lakh, while liabilities amounted to ₹1,082.72 lakh. Cash and cash equivalents improved to ₹331.54 lakh from ₹204.99 lakh at the end of FY25.

The company’s cash flow from operating activities turned negative at ₹(342.98) lakh for FY26, compared to a positive inflow of ₹1,419.81 lakh in the previous year. This shift was attributed to a significant increase in inventories and other financial assets. Investing activities resulted in a net inflow of ₹629.47 lakh, largely driven by proceeds from the sale of investments amounting to ₹1,370.00 lakh.