Sunflag iron & steel company Limited has submitted its mandatory regulatory certificate to stock exchanges, confirming compliance with SEBI depositories regulations for the fourth quarter of FY26.

Regulatory Filing Details

The company filed the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 16, 2026. The submission was made to both BSE Limited and National Stock Exchange of India Limited through online filing.

Certificate Confirmation

The certificate from Bigshare Services Private Limited, the company's Registrar and Share Transfer Agent, confirms several key compliance aspects:

• All securities received from depository participants for dematerialization up to March 31, 2026 were confirmed to the depositories
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Names of depositories were substituted in the register of members as registered owners within the mandatory 15-day period
• All dematerialized securities have been listed on stock exchanges where the company's earlier issued securities are listed

Corporate Information

Sunflag Iron & Steel Company Limited operates from its registered office at 33/1, Mount Road, Sadar, Nagpur. The company maintains multiple offices across India including locations in Bhandara, Delhi, Mumbai, Pune, Faridabad, and Chennai. CS Ashutosh Mishra serves as the Head Company Secretary and Compliance Officer with membership number ACS-23011.

Regulatory Significance

This quarterly certificate filing represents standard regulatory compliance under SEBI's depositories framework. The regulation ensures proper handling and verification of securities during the dematerialization process, maintaining investor protection and market integrity standards.

Sunflag Iron & Steel Company Limited has delivered robust financial performance in the third quarter of FY26, demonstrating strong operational efficiency and growth momentum. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, during their 205th meeting held on February 13, 2026.

Financial Performance Highlights

The company's financial metrics showcase impressive growth across key parameters. The detailed quarterly and nine-month performance reflects the company's strengthening market position in the iron and steel sector.

Operational Efficiency and Cost Management

The company demonstrated effective cost management strategies during the quarter. Total expenses for Q3 FY26 were ₹85,849 lakhs compared to ₹82,888 lakhs in Q3 FY25. Cost of materials consumed stood at ₹57,558 lakhs for the quarter, while employee benefits expense was ₹3,705 lakhs. Finance costs decreased to ₹1,721 lakhs from ₹2,151 lakhs in the corresponding quarter last year, indicating improved financial management.

Exceptional Items and Regulatory Impact

The results included an exceptional item loss of ₹870 lakhs for both the quarter and nine-month periods. This exceptional charge relates to increased gratuity and leave liability following the Government of India's notification of four Labour Codes on November 21, 2025, which consolidated 29 existing labour laws. The company assessed the financial impact through actuarial valuation, resulting in the recognition of this additional liability.

Corporate Governance and Audit Appointments

The Board approved the reappointment of PricewaterhouseCoopers Services LLP as Internal Auditors for Financial Year 2026-27, based on the Audit Committee's recommendation. PricewaterhouseCoopers Services LLP brings extensive experience in internal audit and Internal Financial Controls review as part of PwC's global network operating across 149 countries.

Consolidated Results Performance

The consolidated financial results showed similar positive trends, with net profit after tax of ₹5,994 lakhs for Q3 FY26 and ₹16,809 lakhs for the nine-month period. The consolidated earnings per share stood at ₹3.33 for the quarter and ₹9.33 for nine months. The consolidated results include the performance of subsidiaries Sunflag Power Limited and Khappa Coal Company Private Limited, along with various joint ventures.

Other Comprehensive Income

The company reported significant other comprehensive income of ₹49,263 lakhs for Q3 FY26, primarily due to mark-to-market gains on equity shares held in Lloyds Metal & Energy Limited. This resulted in total comprehensive income of ₹55,173 lakhs for the quarter, demonstrating the company's diversified investment portfolio performance.