Sunflag Iron and Steel Company Limited has scheduled its Fortieth Annual General Meeting (AGM) for September 25, 2026, with the register of members closing from September 12 to September 25. The record date for determining eligibility for the final dividend for FY26, if approved at the meeting, is fixed as September 11, 2026. This corporate action follows the company's announcement of a 3.1% year-on-year rise in standalone net profit to ₹63.96 crore for Q1FY27, driven by an EBITDA margin expansion to 11.06%.

The Board of Directors approved the unaudited financial results at its meeting held on August 11, 2026, in Nagpur. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors Lodha & Co LLP. The disclosure of the AGM dates was made pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

The following table summarises the key financial metrics for Q1FY27 on both a standalone and consolidated basis:

Revenue from operations grew 6.5% year-on-year to ₹1,078.95 crore, reflecting robust demand in the iron and steel segment. Other income decreased to ₹10.51 crore from ₹19.48 crore in the corresponding period last year. On a consolidated basis, net profit expanded by 5.6% to ₹66.05 crore.

Corporate Actions and Governance

The Board approved the appointment of Mukund Prabhakar Chaudhari as an Additional Director (Non-executive, Independent). His appointment as an Independent Director for a fixed term of 40 months, from August 11, 2026, to December 10, 2029, awaits shareholder approval at the upcoming AGM. Additionally, the Board recommended the re-appointment of Ravi Bhushan Bhardwaj as a rotational Director and Ramchandra Vasant Dalvi as Director (Technical) for a three-year term effective August 14, 2026, both subject to member approval.

Key Dates for Shareholders

Shareholders must note the following critical dates for the 40th AGM:

• Record Date: September 11, 2026 (for dividend eligibility)
• Book Closure Period: September 12, 2026 to September 25, 2026 (both days inclusive)
• E-Voting Cut-off Date: September 18, 2026
• AGM Date: September 25, 2026 (via Video Conferencing)

The divergence between revenue growth and expense management remains notable. While material costs increased substantially, the company managed to keep total expenses in check relative to income, resulting in a stable profit before tax of ₹85.92 crore. The consolidated profit benefited from a share of joint venture profits of ₹2.08 crore, compared to ₹0.56 crore in Q1FY26.

Supra Corporation Limited, a member of the Promoter Group, has declared holding 85,21,425 equity shares in Sunflag Iron and Steel Company free from any encumbrance for the financial year ended March 31, 2026. The disclosure confirms that no shares were encumbered directly or indirectly during FY26, providing clarity on the promoter's holding status.

The declaration was submitted to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates annual disclosures by promoters regarding the encumbrance status of their shareholdings.

The following table details the shareholding disclosed:

Supra Corporation Limited confirmed that the disclosure submitted to BSE Limited and National Stock Exchange of India Ltd. is true and correct. The filing was also copied to the Audit Committee of Sunflag Iron and Steel Company.