Prakash Steelage Limited reported a net profit of ₹83.87 lakh for the financial year ended March 31, 2026, a decrease of 35% compared to ₹129.57 lakh in the previous year. Revenue from operations for the year increased to ₹9,074.67 lakh from ₹7,656.86 lakh in FY25. The board approved the audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 28, 2026. The results were published in newspapers on May 29, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance

The company's total income for FY26 stood at ₹9,111.13 lakh, up from ₹7,801.92 lakh in the previous year. For the quarter ended March 31, 2026, the net profit was ₹3.64 lakh, while revenue from operations was ₹2,480.66 lakh. Total expenses for the year rose to ₹8,997.03 lakh from ₹7,605.28 lakh in FY25.

Board Decisions

The Board of Directors approved the appointment of M/s. Luniya & Co. as Internal Auditors and M/s. P.K. Patwa & Co. as Cost Accountants for the financial year 2026-27. The appointment of cost accountants is subject to ratification by shareholders at the ensuing general meeting. The meeting commenced at 1 p.m. and concluded at 2:30 p.m.

Auditor's Report

M/s. Pipara & Co LLP, Statutory Auditors, issued an unmodified opinion on the audited financial results. The report confirms that the results give a true and fair view of the company's financial performance in conformity with Indian Accounting Standards. The statement of financial results was reviewed by the Audit Committee and approved by the Board.

Prakash Steelage Limited has disclosed that its promoters have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026. This declaration was formally submitted to the stock exchanges by Promoter Prakash C. Kanugo on April 4, 2026.

The disclosure was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. In the filing addressed to the BSE Limited and the National Stock Exchange of India Limited, Kanugo confirmed that the promoters, promoter group, and persons acting in concert have not made any encumbrance, directly or indirectly, on the shares held by them in the company.

Declaration Details

The communication serves as a formal compliance update regarding the status of the promoter's holdings. The document was digitally signed and submitted to the listing departments of both major exchanges.

The company requested the exchanges to acknowledge the communication and place it on their records. This filing provides transparency to shareholders regarding the leverage status of the promoter's equity in the firm.