Star Delta Transformers Limited reported a 12.3% increase in net profit for the financial year ended March 31, 2026, rising to ₹1193.74 lakh from ₹1062.78 lakh in the previous year. Revenue from operations grew 22% to ₹17306.15 lakh, driven by the manufacturing of electrical transformers. The Board of Directors approved the audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 30, 2026. The company submitted the newspaper advertisement for these results to BSE Limited on June 01, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a profit of ₹442.07 lakh, compared to ₹306.05 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹4644.24 lakh. Total expenses for the financial year increased to ₹15829.84 lakh from ₹12891.24 lakh in FY25. The statutory auditors, M/s A.K. Khabya & Co., issued an unmodified opinion on the financial results.

Key Metrics

Board Decisions

The Board did not recommend any dividend for the financial year ended March 31, 2026. Additionally, the Board appointed M/s S.L. Khabya and Co. Chartered Accountants as the internal auditor for the financial year 2025-26. The trading window for insiders remains closed until 48 hours after the declaration of the financial results.

Star Delta Transformers Limited has disclosed receipt of an appellate order from the Commissioner (Appeals), CGST & Central Excise, Bhopal (M.P.), rejecting the company's appeal and upholding penalties previously imposed under the Central Goods and Services Tax (CGST) Act, 2017. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and filed with BSE Limited on May 13, 2026.

Appellate Order Details

The appellate authority upheld the impugned order bearing reference BHO-GST(C)-001-APP-10 to 33-2025-26 dated 30.04.2026, originally passed by the Additional Commissioner, CGST & Central Excise, Bhopal. The appellate order was issued vide order no. GAPPL/COM/GSTP/234/2026-APPEAL-O/o COMMR-CGST-APPL-BHOPAL dated 30.04.2026, and was received by the company via email on May 12, 2026 at 16:04.

The following table summarises the penalties upheld under the appellate order:

Nature of Alleged Violation

The adjudicating authority alleged that the company engaged in the issuance of invoices or bills without actual supply of goods or services or both, in connection with the passing on of Input Tax Credit. Star Delta Transformers had previously preferred an appeal against these allegations, which has now been rejected by the Commissioner (Appeals).

Regulatory Disclosure Summary

The key disclosures made by the company as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are outlined below:

Financial Impact and Next Steps

Regarding the financial impact of the order, the company stated that since it is inclined to prefer a further appeal in the matter, the financial impact is subject to the decision of the appellate authority, as and when the matter is decided or disposed in appeal. The company is currently in the process of filing such an appeal against the concerned order. The disclosure was signed by Devyanshu Tiwari, Company Secretary and Compliance Officer, on May 13, 2026.