National General Industries Limited announced its unaudited financial results for the quarter and nine months ended 31st December, 2025, showcasing mixed performance across different periods. The Board of Directors approved these results at their meeting held on 12th February, 2026, along with other significant corporate decisions.

Quarterly Financial Performance

The company's Q3FY26 performance showed modest growth in revenue but declining profitability compared to the previous year. Key quarterly metrics demonstrate the operational challenges faced during the period.

Nine-Month Performance Analysis

The nine-month period revealed more significant challenges, with the company reporting substantial declines in both revenue and profitability. The steel segment, which forms the core business, experienced notable pressure during this period.

Segment-wise Performance

National General Industries operates primarily in two segments - Steel and Others. The steel segment generated revenue of ₹273.04 lakhs in Q3FY26 compared to ₹262.75 lakhs in Q3FY25. The 'Others' segment, consisting mainly of investment income, contributed ₹59.33 lakhs in Q3FY26 versus ₹35.85 lakhs in the corresponding previous quarter.

Corporate Actions and Developments

The Board approved several important decisions during their meeting. The company will shift its registered office within New Delhi from the 3rd Floor to the 1st Floor of Surya Plaza, effective 16th February, 2026. Additionally, the company completed the forfeiture of 10,47,600 partly paid-up equity shares of face value ₹10 each, which had unpaid allotment money. This forfeiture was approved by BSE Limited on 30th January, 2026.

Financial Position and Outlook

The company's total segment assets stood at ₹4,023.22 lakhs as of 31st December, 2025, compared to ₹3,097.92 lakhs in the previous year. The paid-up equity share capital remained at ₹474.46 lakhs. The results were reviewed by the Audit Committee and approved by the Board, with statutory auditors R.K. Govil & Co. conducting a limited review of the financial statements.

National General Industries has undergone a significant ownership shift as Ashok Kumar Modi acquired a substantial stake through inter-se transfers from his immediate family members. The transaction, completed as a gift without consideration, has resulted in Modi increasing his shareholding to 18.07% of the company's total share capital.

Transfer Details

• Madhur Modi transferred 368,000 equity shares (8.21%) to Ashok Kumar Modi.
• Vasu Modi transferred 359,745 equity shares (8.03%) to Ashok Kumar Modi.

The combined transfer amounts to 727,745 shares, equivalent to 13.16% of National General Industries' total share capital.

Shareholding Impact

Regulatory Compliance

The transaction qualifies for exemption from open offer requirements under SEBI takeover regulations as it involves inter-se transfer among immediate relatives.

Company Information

National General Industries Limited is listed on BSE Limited.

This significant reshuffling of ownership within the Modi family could potentially impact the company's governance and strategic direction.