Vibhor Steel Tubes has re-appointed M/s VD & CO., Chartered Accountants, as its Internal Auditor for the Financial Year 2026-27. The Board of Directors approved the appointment on August 6, 2026, following a recommendation from the Audit Committee. This action ensures continuity in the company’s internal audit function and compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The re-appointment was formalized during a board meeting held on Thursday, August 6, 2026, which commenced at 12:00 P.M. and concluded at 04:30 P.M. The company disclosed this development pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, read with Schedule III Part A Para A. Additionally, the disclosure aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/II/3762/2026 dated January 30, 2026.

M/s VD & CO., headquartered in Gurgaon, brings a team of over 30 personnel, including Chartered Accountants, MBAs, team leaders, financial advisors, and tax consultants. The firm is a member of the Institute of Chartered Accountants of India (ICAI) and offers specialized skills in financial taxation advice and proactive services. Its office address is 234 - 2nd Floor, JMD Megapolis, Sector – 48, Sohna Road, Gurgaon, PIN – 122001, Haryana.

The company confirmed that M/s VD & CO. is not related to any of the directors of Vibhor Steel Tubes Limited, ensuring independence in the audit process. This re-appointment supports the company’s commitment to robust internal controls and transparent governance practices across its operations.

Vibhor Steel Tubes operates manufacturing units in Maharashtra, Telangana, and Odisha. The Maharashtra unit is located at Pipe Nagar (Vill. Sukeli), NH-17 BKG Road, Via – Nagothane, Teh. Roha, Distt. Raigad, Maharashtra – 402126. The Telangana facility is situated at SY No. 515 & 516, Udithyala (V), Balanagar (M), Mahabubnagar (Dist.), Telangana – 509202. The Odisha unit is based at Plot No. 45, Podbahal, Bhasma-42, Sadar Sundargarh, Sundargarh, Odisha – 770019.

Vibhor Steel Tubes Limited reported a standalone net profit of ₹1.93 crore for the first quarter ended June 30, 2026, marking a 38.6% year-on-year decline from ₹3.14 crore in Q1FY26. The company’s revenue from operations grew by 27.2% to ₹293.7 crore, up from ₹231.0 crore in the corresponding period last year, driven by higher sales volumes in its steel tube manufacturing segment. The divergence between revenue growth and profit contraction highlights margin pressure in the current quarter, as total expenses rose to ₹291.4 crore from ₹226.9 crore primarily due to increased raw material costs.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 6, 2026, during a meeting held in Hisar. In the same meeting, the Board approved the reappointment of M/s S.K Agarwal & Associates, Cost Accountants, Mumbai (Registration No. 100322), as the Cost Auditor for the Financial Year 2026-27. This appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III Part A Para A, on the recommendation of the Audit Committee. M/s VD & CO., Chartered Accountants, were also reappointed as Internal Auditors for FY2027.

Financial Performance and Consolidated Results

While revenue expanded significantly, input costs weighed heavily on profitability. Raw material costs stood at ₹290.3 crore compared to ₹217.6 crore previously, and employee benefit expenses increased to ₹7.6 crore from ₹5.7 crore. Although changes in inventories provided a benefit of ₹3.30 crore, this was insufficient to offset the higher input costs, resulting in a pre-tax profit of ₹2.62 crore, down from ₹4.18 crore in the prior year period.

The company presented its consolidated financial results for the first time, incorporating its wholly owned subsidiary, Viyom Steel Infra Private Limited, incorporated on June 17, 2026. As Viyom Steel Infra is currently setting up operations, it incurred borrowing costs of ₹24,465, which were fully capitalized as Capital Work-in-Progress under Ind AS 23. Consequently, the consolidated net profit remains identical to the standalone figure at ₹1.93 crore.

Corporate Governance and Remuneration

Ashok Kumar Goyal & Co., Chartered Accountants, conducted the limited review of the financial results in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also approved revisions in remuneration for four directors for the balance period of their existing tenure, subject to shareholder approval at the Annual General Meeting scheduled for September 16, 2026.

The revisions are effective from August 28, 2026, until August 28, 2028. The Nomination & Remuneration Committee was reconstituted with Sanjeev Gupta as Chairman, and Ashwani Kumar Garg and Vikram Grover as members.

Manufacturing Footprint

The company operates manufacturing units across three states:

• Maharashtra: Pipe Nagar (Vill. Sukeli), NH-17 BKG Road, Via – Nagothane, Teh. Roha, Distt. Raigad.
• Telangana: SY No. 515 & 516, Udithyala (V), Balanagar (M), Mahabubnagar (Dist.).
• Odisha: Plot No. 45, Podbahal, Bhasma-42, Sadar Sundargarh.