Nirav Commercial , an aluminum products manufacturer, has reported a challenging first quarter, with both revenue decline and increased losses.

Financial Performance

For the quarter ended June 30, Nirav Commercials Limited reported:

The company's total income decreased by 7.4% year-over-year to ₹2,542.42 crore, down from ₹2,746.96 crore in the same quarter of the previous year. This decline in revenue indicates challenging market conditions for the aluminum products sector.

Despite the revenue drop, Nirav Commercials saw its net loss widen to ₹1,646.82 crore, marking a 14.4% increase compared to the ₹1,438.90 crore loss reported in the corresponding quarter last year. This suggests that the company is struggling to manage its costs effectively in the face of declining sales.

Per Share Performance

On a per-share basis, the company reported a loss of ₹1.06 for the quarter, compared to a loss of ₹1.22 in the same period last year. While this represents a slight improvement in the loss per share, it still reflects the ongoing financial challenges faced by the company.

Business Segment and Operational Challenges

Nirav Commercials Limited operates solely in the aluminum products manufacturing segment. The company's financial results indicate that it continues to face significant operational challenges, with both declining revenues and widening losses pointing to potential issues in market demand, cost management, or both.

Disclosure and Compliance

In compliance with regulatory requirements, Nirav Commercials Limited has published its unaudited financial results for the quarter ended June 30. The company has adhered to the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, by publishing the results in English and Marathi newspapers.

Conclusion

The Q1 results for Nirav Commercials Limited paint a picture of a company grappling with significant challenges in the aluminum products sector. With declining revenues and increasing losses, the company may need to implement strategic measures to improve its operational efficiency and financial performance in the coming quarters.

Nirav Commercials Limited (NCL) has reported a significant inter-se transfer of shares within its promoter group, involving a 10.55% stake in the company. The transaction, which took place on July 30, 2025, has been disclosed to the stock exchange in compliance with regulatory requirements.

Transfer Details

The share transfer involved the following transactions:

Transaction Structure

The transfer was structured as a gift arrangement between promoter group entities, with Shailesh Daga acquiring shares from three different transferors within the same group. This inter-se transfer does not change the overall promoter group holding in the company but redistributes the ownership among its members.

Regulatory Compliance

NCL has submitted the required regulatory disclosures to the BSE Limited (Bombay Stock Exchange) in accordance with the following regulations:

1. Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2. Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011

The company's Company Secretary and Compliance Officer, Amey Borkar, confirmed that the necessary disclosures have been made to the stock exchange.

Market Impact

As this transaction is an inter-se transfer within the promoter group, it does not directly impact the company's public shareholding or trigger an open offer. However, it represents a notable change in the individual holdings of the promoter group members, with Shailesh Daga significantly increasing his stake in Nirav Commercials Limited.

Investors and market participants may want to take note of this internal redistribution of shares, as it could potentially influence the company's decision-making dynamics within the promoter group. However, the overall control and management of the company are likely to remain unchanged as the shares have been transferred within the same group.