Surani Steel Tubes Limited reported a net profit of ₹204.64 crore for the financial year ended March 31, 2026, a significant increase from ₹48.56 crore in the previous year. Revenue from operations declined to ₹9,227.59 crore from ₹22,500.38 crore in FY25. The company’s statutory auditors issued an unmodified opinion on the audited financial results.

The Board of Directors approved the audited standalone and consolidated financial results for the year ended March 31, 2026. The profit for the period was driven by exceptional items amounting to ₹196.86 crore, primarily attributed to profit on the sale of current investments and recovery in the fair value of investments written down in the previous year. Total income for FY26 was ₹9,584.86 crore, down from ₹22,738.64 crore in the prior year.

Financial Performance

The company’s expenses for FY26 totaled ₹9,477.46 crore, compared to ₹22,444.13 crore in FY25. The cost of materials consumed was ₹8,782.45 crore, while purchases of stock-in-trade stood at ₹12,501.67 crore. Finance costs were nil for the year, compared to ₹1.73 crore in the previous year. Earnings per share (EPS) for the year improved to ₹1.32 from ₹0.38 in the prior year.

Board Approvals

The Board re-appointed M/s Balwinder & Associates as Cost Auditors, M/s S.V. Associates as Secretarial Auditors, and M/s S N Shah & Associates as Internal Auditors for the financial year 2026-27. Additionally, the Board approved changing the Registrar and Share Transfer Agent from MUFG Intime India Private Limited to Beetal Financial and Computer Services Private Limited, effective July 17, 2026.

Asset Position

As of March 31, 2026, the company’s total assets stood at ₹25,057.58 lakh, up from ₹15,718.37 lakh in the previous year. Shareholders' funds increased to ₹12,387.94 lakh from ₹12,183.30 lakh. Cash and cash equivalents improved significantly to ₹1,741.30 lakh from ₹161.04 lakh, reflecting a strong liquidity position.

Surani Steel Tubes Limited promoter group has declared that no new encumbrance has been created on the shares held by them for the financial year ended March 31, 2026. Vijay Singla, on behalf of the promoters and persons acting in concert, confirmed that no direct or indirect charges were established on the company's shares other than those previously disclosed. This declaration was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and its Second Amendment Regulations, 2019.

The disclosure was submitted to the National Stock Exchange of India (NSE) on April 7, 2026. The filing serves as a formal compliance update regarding the status of shareholding by the promoter group. The declaration ensures that the exchange is informed about any potential restrictions on the shares held by the promoters.

Promoter Group Details

The declaration covers the members of the promoter group of Surani Steel Tubes Limited. The list includes the following individuals:

The letter was addressed to the Manager of the Listing Department at the NSE. Copies of the declaration were marked to the Company Secretary, Ms. Sarika Kaur, and the Audit Committee of Surani Steel Tubes Limited for information and necessary action.