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.

Sunflag Iron and Steel Company Limited has disclosed that a member of its promoter group holds 35,90,281 equity shares free from any encumbrance for the financial year ended 31 March 2026. The filing confirms that no shares were pledged or encumbered directly or indirectly during FY26, providing assurance to stakeholders regarding the promoter's holding status.

The declaration was submitted by Veena Bhardwaj, a member of the Promoter Group, pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The document was addressed to BSE Limited and the National Stock Exchange of India Ltd to formalize the annual compliance requirement.

Disclosure Details

The filing explicitly states that the promoter shareholding remains unencumbered. The key figures from the disclosure are outlined below:

The confirmation was signed by Veena Bhardwaj on 1 April 2026. A copy of the disclosure was also marked to the Audit Committee of Sunflag Iron and Steel Company Limited.