SRU Steels Limited's board of directors has approved the relocation of the company's registered office within Delhi, as announced following a board meeting held on March 20, 2026. The meeting was conducted from 17:30 P.M. to 18:00 P.M., with Managing Director and CFO Akhil Arora presiding over the proceedings.

Office Relocation Details

The board formally approved the shifting of the registered office within the same city, with the change taking effect from January 15, 2026. The relocation involves moving from the previous location to a new address in Malviyanagar.

Compliance Disclosure

The board acknowledged that the company had inadvertently failed to inform the stock exchange about the registered office shifting within the prescribed timeline. The company clarified that this non-compliance was unintentional and resulted from oversight in the notification process.

Corrective Measures

SRU Steels Limited confirmed that adequate corrective measures have been implemented to prevent similar oversights in the future. The company has now formally notified the Bombay Stock Exchange about the office relocation in compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement), 2015.

Corporate Information

The announcement was signed by Akhil Arora, who serves as both Managing Director and CFO of the company. The formal communication to the stock exchange ensures that all stakeholders are informed about the change in the company's registered office address, maintaining transparency in corporate governance practices.

SRU Steels Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved these results during their meeting held on February 20, 2026, at the company's registered office in Delhi, with the meeting conducted from 5:00 PM to 9:00 PM.

Board Meeting and Regulatory Compliance

The company's Board of Directors, led by Managing Director & CFO Akhil Arora (DIN: 11329665), considered and approved the unaudited financial results along with the Limited Review Report issued by statutory auditor BMGS & Associates. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other applicable accounting principles.

Financial Performance Overview

The company's Q3FY26 performance presents a contrasting picture when compared to both previous quarters and year-over-year figures. While quarterly results show challenges, the nine-month cumulative performance demonstrates significant improvement.

Quarterly Results Analysis

The Q3FY26 quarter recorded revenue from operations of ₹118.48 lakhs, representing a substantial decline from ₹936.66 lakhs in Q3FY25 and ₹330.19 lakhs in the previous quarter Q2FY26. The company reported a net loss of ₹3.83 lakhs for Q3FY26, which was an improvement from the ₹50.16 lakhs loss in Q3FY25 and ₹18.63 lakhs loss in Q2FY26.

Total expenses for Q3FY26 stood at ₹122.32 lakhs compared to ₹986.87 lakhs in Q3FY25. The significant components included purchase of stock in trade at ₹83.94 lakhs and changes in inventories contributing ₹27.02 lakhs to expenses.

Nine-Month Performance Highlights

The nine-month period ending December 31, 2025, showed remarkable improvement with revenue from operations reaching ₹2765.00 lakhs, nearly tripling from ₹948.39 lakhs in the corresponding period of FY25. This strong performance resulted in a net profit of ₹140.26 lakhs for 9M FY26, a significant turnaround from the ₹109.28 lakhs loss in 9M FY25.

Total comprehensive income for the nine-month period was ₹92.79 lakhs compared to a loss of ₹156.76 lakhs in the previous year, indicating improved operational efficiency and market conditions.

Segment-wise Performance

The company operates across multiple business segments including Construction Machinery, Footwear, Steel, and Commodities. For Q3FY26, the Commodities segment generated the entire revenue of ₹118.48 lakhs, while other segments showed minimal activity during the quarter.

For the nine-month period, the Commodities segment dominated with revenue of ₹2148.48 lakhs, followed by Steel at ₹524.39 lakhs and Construction Machinery at ₹92.11 lakhs.

Key Financial Metrics

The company maintained its paid-up equity share capital at ₹5993.93 lakhs with a face value of ₹10.00 per share. Basic and diluted earnings per share for Q3FY26 stood at ₹0.07, while for the nine-month period, it was ₹0.15, compared to negative ₹0.26 in the corresponding previous period.

Total assets increased to ₹7511.46 lakhs as of December 31, 2025, from ₹6234.58 lakhs in the previous year, indicating business expansion and improved asset base. The results were reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditor BMGS & Associates providing a limited review report confirming compliance with applicable accounting standards.