Zenith Steel approves FY26 results with qualified opinion
Zenith Steel Pipes & Industries announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board meeting on May 26, 2026. The statutory auditors, M/s. DEVAM & Associates LLP, issued the audit reports with a qualified opinion. Additionally, the Board appointed M/s. Pimple & Associates as Secretarial Auditor for a term of five years effective from FY 2026-27 to 2030-31.

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Zenith Steel Pipes & Industries announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board meeting held on May 26, 2026. The statutory auditors, M/s. DEVAM & Associates LLP, issued the audit reports with a qualified opinion. The trading window for dealing in the company's securities will open 48 hours after the results were made public on May 26, 2026.
The Board meeting, held at Dalamal House in Mumbai, commenced at 5.00 p.m. and concluded at 9.30 p.m. The approval of the financial results was pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Appointments
The Board approved the appointment of M/s. Pimple & Associates as the Secretarial Auditor for a term of five years. The appointment is effective from financial year 2026-27 to 2030-31.
Regulatory Disclosures
The declaration regarding the qualified opinion was made pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation was amended by SEBI Notification No. SEBI/LAD-NRO/GN/2016-17/001 dated May 25, 2016, and read with SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016.
| Auditor Details | Name |
|---|---|
| Statutory Auditor | M/s. DEVAM & Associates LLP |
| Firm Registration No. | 139355W/W100925 |
| Secretarial Auditor | M/s. Pimple & Associates |
| Tenure | FY 2026-27 to 2030-31 |
Historical Stock Returns for Zenith Steel Pipes & Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.07% | +7.36% | -5.84% | -20.90% | -12.18% | +513.00% |
What specific issues led to the qualified opinion from the statutory auditors?
How might the qualified opinion impact investor confidence and stock liquidity when the trading window opens?
What steps will management take to address the concerns raised in the audit report?

































