Shree Steel Wire Ropes Limited returned to profitability in the fourth quarter of FY26, reporting a net profit of ₹3.70 lakh. This marks a significant turnaround from the net loss of ₹21.68 lakh recorded in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹189.14 lakh, while total revenue was ₹189.14 lakh. For the full financial year ended March 31, 2026, the company reported a net loss of ₹62.06 lakh on a total revenue of ₹511.58 lakh.

Financial Performance

The company’s operational efficiency improved during the quarter, with total expenses decreasing to ₹189.10 lakh from ₹340.14 lakh in the year-ago period. Employee benefits expenses for the quarter were ₹50.21 lakh, and depreciation and amortization expenses stood at ₹7.33 lakh. The basic and diluted earnings per share (EPS) for the quarter were ₹0.11, compared to a loss of ₹0.65 per share in the same period last year.

Key Financial Metrics (₹ in Lakhs)

Board Decisions and Appointments

The Board of Directors met on May 27, 2026, to approve the audited standalone financial results for the quarter and year ended March 31, 2026. The audit report, issued by statutory auditor Chandak Agarwal & Co, contained an unmodified opinion. In compliance with Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015, the company confirmed that the audit reports on the annual audited financial results for the year ending March 31, 2026, carry an unmodified opinion.

Additionally, the Board approved the re-appointment of Praveen Chandak & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27. The firm is engaged in the field of Internal Audit, Bank Audit, Tax Audit, Statutory Audit, and GST Audit. The Board also considered and approved the appointment of Mrs. Jyoti Kashyap Padia as the Company Secretary and Compliance Officer of the company.

Shree Steel Wire Ropes Limited has informed the stock exchange of the resignation of CS Fatema Mohammedi Kagalwala (M.No: A59914) from the post of Company Secretary & Compliance Officer and Key Managerial Personnel of the company, with immediate effect from the close of working hours on May 8, 2026. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Kagalwala, who had been appointed to the role effective April 30, 2026, cited personal and other reasons beyond her control as the basis for her resignation.

Resignation Details

The following table summarises the key details of the resignation as disclosed by the company:

In her resignation letter addressed to the Managing Director, Mrs. Kagalwala stated her inability to continue in the role and discharge her duties effectively. She expressed gratitude for the support extended during her tenure and offered assistance for a smooth handover of responsibilities.

Board Response and Next Steps

The Board of Directors placed on record its appreciation for the valuable services rendered by CS Fatema Mohammedi Kagalwala during her tenure with the company. The resignation letter is to be placed before the Board of Directors at the upcoming Board Meeting for its consideration and formal acceptance, in accordance with the applicable SEBI regulations. The company has submitted the required disclosure under Annexure 1 as mandated under Regulation 30 of the SEBI LODR Regulations.

Company Information

Shree Steel Wire Ropes Limited, incorporated under CIN L45202MH1992PLC067466, is a BIS IS/ISO 9001:2015 certified manufacturer specialising in steel wire ropes, steel wire rope slings, wire strands, stainless steel wire ropes, and railway equipment including ATDs, traction bonds, section insulator assemblies, and anticreep wire. The company maintains its administrative office at Chembur, Mumbai, with manufacturing facilities in Khopoli, Maharashtra.