Latest news about Inducto Steel
Inducto Steel
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More news about Inducto Steel
29May 26
Inducto Steel appoints auditors for FY 2026-2027
Inducto Steel Limited appointed M/s. Kewlani & Associates as Cost Auditor and Mr. Satish Diwate as Internal Auditor for FY 2026-2027. The Board approved the appointments on May 29, 2026, effective from April 01, 2026, to March 31, 2027.
14May 26
Inducto Steel Limited Schedules Board Meeting on May 29, 2026 to Approve Q4 FY26 Financial Results
Inducto Steel Limited has notified BSE Limited of a Board of Directors meeting to be held on Friday, May 29, 2026. The meeting is scheduled to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the Auditors' Report. The intimation was filed on May 14, 2026, in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
10Apr 26
Inducto Steel Ltd Submits Quarterly Compliance Certificate to BSE for March 2026 Quarter
Inducto Steel Ltd has submitted its quarterly compliance certificate to BSE Limited for the quarter ended March 31, 2026, as required under SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by MUFG Intime India Private Limited, confirming proper handling of securities dematerialisation processes and adherence to prescribed timelines. This submission demonstrates the company's continued compliance with regulatory requirements in securities market operations.
20Mar 26
Inducto Steel Limited Receives Credit Rating Reaffirmation from Acuite Ratings
Inducto Steel Limited received credit rating reaffirmation from Acuite Ratings, maintaining ACUITE BB+ rating for Rs. 20.00 crore long-term facilities and ACUITE A4+ for Rs. 80.00 crore short-term facilities. The company showed strong revenue growth to Rs. 158.57 crore in FY2025 but reported losses due to lower steel realisations. The rating reflects established market presence in ship breaking and steel trading, though operations remain sensitive to volatile steel prices and ship availability.
14Feb 26
Inducto Steel Limited Reports Q3FY26 Turnaround with ₹14.33 Lakhs Profit
Inducto Steel Limited announced Q3FY26 results showing a turnaround to profitability with ₹14.33 lakhs net profit versus ₹59.05 lakhs loss in Q3FY24. The Board approved results on February 13, 2026, with revenue from operations at ₹3,329.06 lakhs and improved segment performance across Mumbai and Bhavnagar operations.
15Jan 26
Inducto Steel Ltd Appoints Umesh Govind Rathod as Chief Financial Officer
Inducto Steel Ltd has appointed Mr. Umesh Govind Rathod as Chief Financial Officer, effective January 15, 2026. The Board of Directors approved the appointment in compliance with regulatory requirements. Mr. Rathod brings over 15 years of finance industry experience, with expertise in financial operations, compliance, reporting, and internal controls, positioning him to contribute to the company's financial stability and growth.
13Nov 25
Inducto Steel Reports Rs 74.54 Lakh Loss in Q2 FY26, Auditors Flag Concerns
Inducto Steel Limited reported a net loss of Rs 74.54 lakhs for Q2 2025, up from Rs 24.76 lakhs in the previous quarter. The company's auditors raised concerns about the recoverability of Rs 21.26 crores invested in partnership firms. Financial results were prepared according to Ind-AS standards and include consolidated statements with Calvin Divine Enterprise LLP. The company operates in two geographic segments: Mumbai and Bhavnagar.
13Aug 25
Inducto Steel Limited's Joint Statutory Auditor LLB & Co. Resigns Citing Pre-occupation
LLB & Co., Chartered Accountants, has resigned as Joint Statutory Auditors of Inducto Steel, effective August 13, 2025, citing pre-occupation with other assignments. The firm was initially appointed for a five-year term from April 1, 2024, to March 31, 2029. Their last engagement was the Limited Review Report for the quarter ended June 30, 2025. The company confirmed no material reasons for resignation beyond those stated by LLB & Co., and no concerns were raised with the Audit Committee or Board prior to resignation. Inducto Steel will need to appoint a new Joint Statutory Auditor to fill the vacancy.
12Aug 25
Inducto Steel Limited Reports Improved Revenue Amid Continued Losses in Q1
Inducto Steel Limited's Q1 financial results show a net loss of Rs 24.76 lakhs, improving from Rs 91.76 lakhs loss year-over-year. Revenue from operations increased by 18.60% to Rs 4,585.32 lakhs. Mumbai segment generated Rs 4,554.85 lakhs in revenue, while Bhavnagar contributed Rs 46.75 lakhs. EPS was negative Rs 0.62. Total expenses of Rs 4,621.00 lakhs slightly exceeded total income. Auditors raised concerns about the company's Rs 2,877.00 lakhs investment in a partnership firm, citing potential recoverability risks.
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