Prabhu Steel Industries Limited held its board meeting on Saturday, May 09, 2026, at its registered office in Nagpur, Maharashtra. The board, under the chairmanship of Managing Director Dinesh Agarwal (DIN: 00291086), convened at 3:15 P.M. and concluded at 3:45 P.M. Pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board approved the standalone audited financial results for the quarter and financial year ended March 31, 2026, prepared in accordance with Indian Accounting Standards (Ind AS). The statutory auditors, M/s Manish N Jain & Co., issued an unmodified audit opinion on these results. Subsequently, in compliance with Regulation 47 of SEBI (LODR) Regulations, 2015, the company published the audited financial results in "Active Times" (English) and "Mumbai Lakshadeep" (Marathi) on May 10, 2026, and formally notified the exchanges via a letter dated May 11, 2026.

Key Financial Highlights

The company, which is engaged in the trading of iron and steel and related services, reported a strong improvement in profitability for FY26. For FY26, revenue from operations grew to ₹1,688.27 lakhs from ₹1,259.32 lakhs in FY25. The company returned to profitability with a PAT of ₹51.59 lakhs in FY26, compared to a net loss of ₹55.75 lakhs in FY25. The turnaround was supported by higher revenues and significantly lower total tax expenses of ₹17.42 lakhs in FY26 versus ₹79.32 lakhs in FY25, the latter having been elevated by a deferred tax charge of ₹72.16 lakhs. Basic and diluted earnings per share (not annualised) stood at ₹7.20 for FY26, compared to a loss per share of ₹7.78 in FY25. The following table summarises the audited financial performance (₹ in Lakhs):

Balance Sheet and Cash Flow Position

The company's financial position strengthened during the year. Total assets grew to ₹1,671.55 lakhs as of March 31, 2026, from ₹1,289.19 lakhs a year earlier, driven by an increase in current assets to ₹1,086.80 lakhs from ₹649.78 lakhs. Total equity stood at ₹1,110.70 lakhs, comprising equity share capital of ₹71.70 lakhs and other equity of ₹1,039.00 lakhs. The following table presents the key balance sheet metrics (₹ in Lakhs):

On the cash flow front, net cash generated from operating activities stood at ₹259.01 lakhs in FY26, a significant improvement from a net cash outflow of ₹218.10 lakhs in FY25. Net cash used in investing activities was ₹212.16 lakhs, while net cash used in financing activities was ₹40.00 lakhs. Cash and cash equivalents at the end of the period stood at ₹24.75 lakhs, up from ₹17.91 lakhs at the beginning of the period.

Corporate Developments and Key Notes

At the same board meeting, the directors also approved the appointment of M/s Shubham Bajhal and Associates, Chartered Accountants, as the Internal Auditor of the company for FY26-27, pursuant to Section 138 of the Companies Act, 2013. The firm's scope covers tax audits, statutory audits, GST and direct taxation, internal controls, and project finance. Notably, during the reporting period, the company invested ₹158.64 lakhs in a partnership firm, Silverstone Infraventures, by way of fixed capital and current capital contributions, holding a profit-sharing ratio of 20.00% alongside three other partners. The partnership firm is engaged in layout development activities. The company confirmed there were no deviations or variations in the use of public issue proceeds under Regulation 32 of the SEBI LODR Regulations. The trading window for designated persons, which had been closed since April 1, 2026, will reopen 48 hours after the official announcement of these results.

Exchange Notification and Regulatory Compliance

The outcome of the board meeting was formally communicated to both BSE Limited and The Calcutta Stock Exchange Association Limited. In addition, pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, the audited financial results were published in newspapers on May 10, 2026, and a formal intimation was submitted to the exchanges on May 11, 2026. Key details are summarised below:

The company, incorporated in 1972 and carrying CIN L28100MH1972PLC015817, has duly fulfilled its disclosure obligations under SEBI LODR Regulations by notifying the exchanges of the board meeting outcome, publishing the results in newspapers, and making the financial results available on its website at www.prabhusteel.in .

Prabhu Steel Industries Limited has informed its stock exchanges that the Statement of Deviation(s) or Variation(s) under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable to the company for the quarter ended 31st March, 2026. The disclosure was made on 09th May, 2026, and addressed to both BSE Limited and The Calcutta Stock Exchange Association Limited.

Regulatory Disclosure Details

The company confirmed that there has been no deviation or variation in the use of proceeds raised through its Initial Public Offering (IPO). Pursuant to Regulation 32 of the SEBI LODR Regulations, 2015, listed entities are required to submit a statement of deviation or variation if IPO proceeds have been utilised differently from the stated objects. Since no such deviation exists, the statement is deemed not applicable for the quarter under review.

The key details of the disclosure are summarised below:

Signatory and Authorization

The disclosure was signed and submitted by Mr. Dinesh Agrawal, Managing Director of Prabhu Steel Industries Limited, with a digital signature dated 09th May, 2026. The communication was directed to the Department of Corporate Services at BSE Limited, Mumbai, and to the Secretary of The Calcutta Stock Exchange Association Limited, Kolkata.

Prabhu Steel Industries Limited is registered in Nagpur, Maharashtra, and was established in 1972. The company's registered office is located at Plot No. 158, Small Factory Area, Bagadganj, Nagpur – 440 008, Maharashtra.