Sarthak Metals Limited reported an 8% increase in revenue from operations to ₹192.25 Crore for the financial year ended March 31, 2026, supported by volume growth in its core cored wire business. Net profit for the year rose 12% to ₹4.61 Crore, with EBITDA margins improving to 4.1% from 3.9% in the previous year. The company’s welding consumables division completed its first full year of operations, contributing ₹15.7 Crore in revenue.

The flagship cored wire business grew volumes by 14% during the year, while the aluminium flipping coils segment remained subdued due to overcapacity and pricing distortions in the domestic market. The company stated it consciously refrained from unviable price competition to protect profitability. The fourth quarter brought an encouraging recovery in the aluminium flipping coils segment, with volumes growing 35% year-on-year.

Financial Performance

Revenue from operations for FY26 stood at ₹192.25 Crore, compared to ₹178.42 Crore in FY25. Operating profit (EBITDA excluding other income and exceptional items) improved to ₹7.90 Crore from ₹7.00 Crore. The balance sheet remains virtually debt-free, providing the company with flexibility to fund new growth areas.

Business Segments

The welding consumables segment, led by Flux Cored Wires, sold more than 1,400 tonnes during the year with average monthly volumes exceeding 115 tonnes. The division secured RDSO approval from Indian Railways in April 2025. The company also ventured into biotechnology, with a pilot Solid State Fermentation R&D facility in Nagpur becoming operational in May 2025.

Corporate Governance

The Board of Directors met five times during the financial year. The company has appointed Mrs. Ushasree Bhagavatula as an Additional Independent Woman Director, subject to shareholder approval at the upcoming Annual General Meeting. The statutory auditors, Begani and Begani, Chartered Accountants, have audited the financial statements and expressed an unqualified opinion.

The Board of Directors of Sarthak Metals Limited appointed Mrs. Ushasree Bhagavatula as an additional Independent Women Director on July 10, 2026. The board also approved the draft notice for the 31st Annual General Meeting (AGM), scheduled for August 18, 2026, and fixed August 11, 2026, as the cut-off date for determining shareholder eligibility for e-voting. The meeting commenced at 11:30 A.M. and concluded at 13:35 P.M.

Appointment of Independent Women Director

Mrs. Ushasree Bhagavatula (DIN: 11480507) has been appointed effective July 10, 2026, up to the date of the ensuing Annual General Meeting. The disclosures regarding her appointment, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are detailed below:

Mrs. Ushasree Bhagavatula holds a Bachelor of Commerce degree and a Masters in Business Administration in Human-Resource Management from Symbiosis University, Hyderabad. She brings vast experience in the taxation and finance domain to the board.

31st Annual General Meeting Details

The board approved several resolutions related to the upcoming 31st Annual General Meeting. The key decisions are summarised below:

The board approved the draft notice for the 31st AGM along with the draft Directors' Report and its annexures for the financial year ended March 31, 2026. August 11, 2026 has been set as the cut-off date for determining the list of shareholders eligible to vote through remote e-voting and at the AGM venue.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mrs. Ushasree Bhagavatula is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. The outcome of the board meeting was communicated by Pratik Jain, Company Secretary and Compliance Officer of Sarthak Metals Limited.