Zenith Steel Pipes & Industries has appointed Mrs. Aradhana Nayak as an additional director in the category of non-executive independent director, effective August 24, 2026. The appointment is subject to shareholder approval at the ensuing general meeting.

Ms. Bhavika Sharma ceased to be an independent director on the same date following the completion of her tenure. She will also step down from all board committees effective August 24, 2026.

Appointment Details

Mrs. Nayak holds a postgraduate degree and a diploma in electronics and telecommunication engineering. Her background includes experience in technical and analytical fields, with expertise in electronics and telecommunication systems.

The company stated that her academic background and technical expertise provide strong analytical and problem-solving capabilities relevant to its operations. She is not related to any director or key managerial personnel of the company.

Mrs. Nayak’s term as an independent director will be for five years, subject to shareholder approval in accordance with the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The company confirmed that Mrs. Nayak is not debarred from holding the office of director by virtue of any order passed by SEBI or any other statutory authority. The disclosure was made pursuant to Regulation 30 of the SEBI LODR Regulations.

Ms. Sharma currently holds a directorship at Ok Play India Limited. The company enclosed requisite details regarding both the cessation and appointment as per SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Zenith Steel Pipes & Industries Limited reported a consolidated net profit of ₹45.77 lakh for the quarter ended June 30, 2026, compared to ₹97.94 lakh in the corresponding period of FY25. The company’s standalone net profit stood at ₹35.06 lakh, marking a recovery from the net loss of ₹91.49 lakh recorded in the preceding quarter (Q4FY26).

Total income from operations on a standalone basis was ₹706.75 lakh, down significantly from ₹1,891.87 lakh in Q1FY25. On a consolidated basis, total income from operations was ₹717.74 lakh, compared to ₹1,891.87 lakh in the year-ago period.

Financial Performance

The Board of Directors approved the unaudited standalone and consolidated financial results in its meeting held on August 13, 2026. The results were published in newspapers on August 15, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the Numbers Show

While the company returned to profitability in both standalone and consolidated terms, the revenue base has contracted sharply year-on-year. Standalone revenue fell by over 60% compared to Q1FY25, yet the company managed to secure a net profit, indicating improved cost management or margin preservation despite lower volumes. The divergence between the standalone profit (₹35.06 lakh) and consolidated profit (₹45.77 lakh) suggests that subsidiaries contributed positively to the bottom line in this quarter.

Discontinued Operations

Losses from discontinued operations remained minimal, at ₹1.94 lakh for both standalone and consolidated figures, consistent with the previous quarter’s loss of ₹2.86 lakh. Total comprehensive income for the period was ₹33.12 lakh (standalone) and ₹44.01 lakh (consolidated).