Sarthak Metals Limited has reported a 12% increase in net profit to ₹461.07 lakh for the fiscal year ended March 31, 2026, compared to ₹411.98 lakh in the prior year. Revenue from operations rose to ₹19225.14 lakh from ₹17842.01 lakh in FY25. The company's audited financial results were published in the Financial Express and Shram Bindu on May 23, 2026.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹149.39 lakh, a 123% increase from ₹67.06 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter increased to ₹6199.00 lakh from ₹4808.48 lakh in Q4 FY25. The company reported unrealised gains of ₹32.89 lakh on foreign currency transactions as of March 31, 2026.

Financial Performance

The company's total assets as of March 31, 2026, stood at ₹13701.36 lakh. Other financial assets saw a significant rise, reaching ₹1455.56 lakh compared to ₹19.76 lakh in the prior year. The following table summarises the key annual financial metrics:

The quarterly performance further highlights the company's improved operational efficiency, as detailed below:

Business Commentary

Commenting on the performance, Sanjay Shah, Executive Director, noted that the cored wire business saw Q4 FY26 volumes grow 32% year-on-year, while full-year FY26 volumes increased by 14%. The aluminium flipping coil segment witnessed a strong recovery in the fourth quarter, with volumes growing 35% year-on-year. The welding division recorded revenue of ₹15.7 crore in FY26, its first full year of operations, with Q4 volumes growing 115% year-on-year to 432 tonnes. The division aims to achieve annual sales of ₹25 crore next year.

Board Decisions

During the board meeting held on May 22, 2026, the directors approved the audited financial results for the quarter and year ended March 31, 2026. Additionally, the board approved material related party transactions for the financial year 2026-27 with M/s Bansal Brothers. The company appointed M/s AVN & Co. Chartered Accountants as internal auditors and M/s Gajadhar Prasad & Co., Cost Accountant as the cost auditor. The statutory auditors, Messrs Begani and Begani, issued an audit report with an unmodified opinion on the standalone financial results.

Sarthak Metals Limited has approved and adopted an amended Code of Conduct for its Board of Directors and Senior Management personnel. The updated policy is scheduled to come into effect from June 1, 2026. The decision was taken during a board meeting held on May 22, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The revised code outlines the ethical standards, responsibilities, and guidelines that directors and senior management must adhere to. It is formulated in line with the requirements of Regulation 17(5) of the SEBI Listing Regulations and Schedule IV of the Companies Act, 2013. The policy applies to all members of the Board of Directors and Senior Management personnel, defined as officers and personnel of the core management team, excluding the Board.

Key Provisions

The Code of Conduct covers several critical areas of corporate governance to ensure transparency and accountability. Key sections included in the document are:

• Scope and Legal Framework: Establishes the philosophy on corporate governance and the legal basis for the code.
• Applicability: Defines the individuals subject to the code, including functional heads, the Company Secretary, and the Chief Financial Officer.
• Guidelines for Conduct: Mandates acting with integrity, honesty, and due care, while avoiding conflicts of interest.
• Confidentiality: Requires the protection of the company's proprietary information.
• Insider Trading: Prohibits the use of unpublished price-sensitive information for personal gain.

Compliance and Amendments

The members of the Board and Senior Management are required to affirm compliance with the code on an annual basis. The company's annual report will include a declaration signed by the CEO or Managing Director confirming this compliance. The code also specifies that any violation or suspected violation must be promptly communicated to the compliance officer for review by the Audit Committee or the Board.

The document includes a version control table indicating that the current version was approved by the Board of Directors on May 22, 2026. The company has stated that the code will be reviewed periodically and amended as necessary to remain consistent with changes in the Companies Act, 2013 or SEBI regulations.