Supershakti Metaliks Limited has successfully concluded all Income Tax Department assessment proceedings related to search and seizure operations conducted in 2022, with no financial demand imposed on the company. The announcement was made through a regulatory filing to BSE on 14th March, 2026.

Assessment Proceedings Completion

The company informed the stock exchange that all assessment proceedings relevant to the search and seizure operations conducted by the Income Tax Department have now been completed. The outcome represents a favorable resolution for the company, as no demand has been raised against Supershakti Metaliks Limited.

Timeline and Background

The assessment proceedings stem from search and seizure operations that were initially conducted by the Income Tax Department in June 2022. The company had previously intimated the exchange about these operations on 2nd June, 2022, maintaining transparency with stakeholders throughout the process.

Corporate Compliance

The announcement was signed by Navin Agarwal, Company Secretary and Compliance Officer (Membership No.: 12290), demonstrating the company's commitment to regulatory compliance and stakeholder communication. The filing serves to update investors and regulatory authorities about the conclusion of this matter.

Regulatory Significance

The completion of these proceedings with no demand represents a positive outcome for the company, removing any potential financial liability or regulatory overhang related to the 2022 search operations. This development provides clarity to stakeholders regarding the company's tax compliance status.

Supershakti Metaliks Limited , a prominent player in the iron and steel products sector, has announced its unaudited consolidated financial results for the half-year ended September 30, 2025, showcasing a remarkable performance amid challenging market conditions.

Financial Highlights

The company reported a significant 98% year-on-year increase in consolidated net profit, which rose to Rs 1,060.54 crore for the first half of FY2026, compared to Rs 535.19 crore in the corresponding period of the previous year. This substantial growth in profitability comes despite a decline in revenue from operations.

Here's a breakdown of the key financial metrics:

Operational Performance

Despite the challenging economic environment, Supershakti Metaliks managed to optimize its operations effectively:

• The company's cost of materials consumed decreased to Rs 2,589.08 crore, indicating efficient inventory management and procurement strategies.
• Employee benefits expense saw a modest increase to Rs 70.03 crore, reflecting the company's commitment to its workforce.
• Other expenses were contained at Rs 606.23 crore, demonstrating effective cost control measures.

Strategic Developments

A significant contributor to the company's improved performance was the share of profit from its associate, Giridhan Metal Private Limited, which added Rs 499.34 crore to the bottom line. This strategic investment, which became effective from March 22, 2025, has already started yielding substantial returns for Supershakti Metaliks.

Balance Sheet Strength

As of September 30, 2025, Supershakti Metaliks maintains a robust financial position:

• Total assets stood at Rs 3,150.04 crore, with a mix of non-current and current assets.
• The company's net worth increased to Rs 2,792.78 crore, underlining its strong equity base.
• Short-term borrowings were significantly reduced to Rs 4.60 crore from Rs 192.29 crore at the end of the previous fiscal year, indicating improved liquidity management.

Management Commentary

While specific management quotes are not available, the financial results reflect the company's resilience and strategic focus on profitability. The substantial increase in net profit, despite a slight dip in revenue, suggests successful implementation of cost optimization measures and operational efficiencies.

Future Outlook

The strong financial performance and strategic investments position Supershakti Metaliks favorably in the competitive iron and steel products market. The company's ability to enhance profitability in a challenging revenue environment demonstrates its adaptability and robust business model.

Note: All figures are based on the unaudited consolidated financial results for the half-year ended September 30, 2025, as reported by Supershakti Metaliks Limited.