Steel Strips Infrastructures reported a standalone net loss of ₹66.28 crore for the financial year ended March 31, 2026, an improvement from the net loss of ₹86.43 crore recorded in the previous year. Revenue from operations for FY26 rose to ₹136.03 crore compared to ₹128.81 crore in FY25. The company's total income stood at ₹143.07 crore for the year, up from ₹131.53 crore in the prior year.

For the quarter ended March 31, 2026, the company posted a net loss of ₹7.39 crore, compared to a net loss of ₹10.39 crore in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 was ₹33.79 crore, slightly higher than ₹33.04 crore in the same period last year. Total expenses for the quarter were ₹44.15 crore, while total expenses for the full year decreased to ₹209.35 crore from ₹217.96 crore in FY25.

The Board of Directors, in its meeting held on May 29, 2026, approved the standalone and consolidated audited financial results along with the auditor's report. S.C. Dewan & Co., Chartered Accountants, audited the results and issued an unmodified opinion. The report confirmed that the financial statements give a true and fair view of the company's financial position.

Consolidated Performance

On a consolidated basis, the company reported a net loss of ₹345.25 crore for FY26, significantly narrower than the net loss of ₹1,684.63 crore in FY25. This reduction was primarily driven by the share of loss from associates, which stood at ₹278.97 crore for the year, compared to ₹1,598.20 crore in the previous year. Consolidated revenue from operations remained consistent at ₹136.03 crore.

For the quarter ended March 31, 2026, the consolidated net loss was ₹876.30 crore, compared to a loss of ₹793.69 crore in the corresponding quarter of the previous year. The loss for the quarter included a share of loss from associates amounting to ₹868.91 crore. Total comprehensive income for the year was a loss of ₹426.11 crore.

Financial Position and Appointments

The standalone balance sheet as of March 31, 2026, showed total assets of ₹1,440.10 crore, a decrease from ₹1,531.13 crore in the previous year. Non-current assets, primarily comprising investments of ₹285.23 crore, totaled ₹386.39 crore. Current assets stood at ₹1,053.71 crore, with inventories valued at ₹824.14 crore. The company's equity showed a negative balance of ₹178.17 crore.

The Board appointed M/s Gupta Abhinav & Associates, Chartered Accountants, as internal auditors for the financial year 2026-27, effective May 29, 2026. This appointment was made to comply with the provisions of Section 138 of the Companies Act, 2013.

Steel Strips Infrastructures has notified BSE Limited of an upcoming Board of Directors meeting, scheduled for Friday, May 29, 2026. The meeting has been convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and will consider the company's audited financial results for the quarter and year ended March 31, 2026.

Board Meeting Details

The following key details have been disclosed in the regulatory intimation dated May 8, 2026:

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has also disclosed the status of its trading window. As communicated in an earlier intimation dated March 26, 2026, the trading window for dealing in securities of the company was closed for designated persons and their immediate relatives with effect from April 1, 2026. The trading window will reopen 48 hours after the financial results are declared to the public.

The intimation was signed by Deepika Gupta, Company Secretary & Compliance Officer (FCS-10991), on behalf of Steel Strips Infrastructures Limited.