Suhrith Ravi Bhushan Bhardwaj, a member of the Promoter Group, has declared holding 1,32,17,398 equity shares in Sunflag Iron & 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:

Bhardwaj 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 & Steel Company.

Sunflag Iron and Steel Company Limited reported a 24.1% year-on-year increase in net profit to ₹20,066 lakh for the financial year ended March 31, 2026. The board recommended a final dividend of ₹1 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. Revenue from operations for the year stood at ₹3,93,938 lakh, compared to ₹3,53,559 lakh in the previous year.

Financial Performance

For the fourth quarter ended March 31, 2026, the company recorded a net profit of ₹3,395 lakh and revenue of ₹1,00,069 lakh. Total income for the year rose to ₹3,95,575 lakh from ₹3,55,205 lakh in FY25. The company recognized an exceptional loss of ₹870 lakh during the quarter ended December 31, 2025, due to an increase in gratuity and leave liability following the notification of new Labour Codes.

Dividend and Auditor Appointments

The Board of Directors approved the recommendation of a final dividend at 10%, or ₹1 per share, on equity shares of face value ₹10 each. Additionally, the board approved the re-appointment of M/s. G. R. Paliwal & Company as Cost Auditors for FY27 and M/s. VTSA and Company as Tax Auditors for FY26. M/s. Lodha & Co LLP issued the audit report with an unmodified opinion.

Key Financial Metrics

Exceptional Items and OCI

Other Comprehensive Income (OCI) for the year included a marked-to-market loss of ₹9,330 lakh on equity shares held in Lloyds Metal & Energy Limited. The company also revalued certain classes of Property, Plant and Equipment, increasing the net carrying values of Buildings and Plant & Machinery by ₹581 lakh and ₹496 lakh respectively.