Latest news about Prakash Steelage
Prakash Steelage
3.73
+0.08(+2.19%)
Company Performance:
View Company Insights1D+2.19%
1M-7.44%
6M-10.77%
1Y-32.67%
5Y+46.27%
More news about Prakash Steelage
21May 26
Prakash Steelage promoters declare no encumbrance on FY26 shares
Prakash Steelage Limited disclosed that its promoters, promoter group, and persons acting in concert did not encumber any shares during the financial year ended March 31, 2026. The declaration was submitted by Promoter Prakash C. Kanugo on April 4, 2026, under Regulation 31(4) of the SEBI Takeover Regulations.
23Apr 26
Prakash Steelage Limited Receives SEBI Show Cause Notice for Alleged LODR Violations
Prakash Steelage Limited received a SEBI show cause notice on April 22, 2026, for alleged violations of multiple LODR Regulations including various sub-regulations of Regulation 4, along with Regulations 23(9), 33(1)(a), 33(1)(c), 34(3), and 48. This notice is part of an ongoing SEBI investigation initially disclosed on March 28, 2024. The company is preparing its response within permitted timelines and has made the required disclosure under Regulation 30 to stock exchanges.
09Apr 26
Prakash Steelage Limited Submits SEBI Regulation 74 Certificate for Q4FY26
Prakash Steelage Limited submitted its certificate under Regulation 74 of SEBI (Depositories and Participants) Regulations 2018 for Q4FY26 ended March 31, 2026. The company's registrar Bigshare Services confirmed proper processing of dematerialized securities and compliance with regulatory timelines. The submission demonstrates the company's adherence to SEBI requirements for depositories and participant regulations.
24Mar 26
Prakash Steelage Limited Receives Income Tax Demand of Rs. 49.29 Crore for Assessment Year 2024-25
Prakash Steelage Limited disclosed receiving an income tax assessment order with a demand of Rs. 49.29 crore for AY 2024-25 from the Income Tax Department's Faceless Assessment Unit. The demand arises from disallowances of certain expenditure and deductions, including reversal of provisions and applicable interest. The company plans to file an appeal before Higher Appellate Forums and expects no impact on financial operations, believing it has adequate grounds to contest the order and anticipates complete deletion of the demand.
14Feb 26
Prakash Steelage Limited Reports 27% Revenue Growth in Q3 FY26
Prakash Steelage Limited reported strong revenue growth of 27% YoY to ₹2,446.51 lakhs in Q3 FY26, though net profit after tax declined to ₹33.46 lakhs from ₹67.58 lakhs in Q3 FY25. For nine months FY26, total income grew 16.8% to ₹6,618.78 lakhs while maintaining operational momentum. The results were approved by the Board on February 13, 2026, and published in compliance with regulatory requirements.
13Nov 25
Prakash Steelage Reports Revenue Growth Amid Profit Decline in Q2 FY2026
Prakash Steelage Limited, a stainless steel pipes and tubes manufacturer, announced Q2 FY2026 results. Revenue from operations increased by 30.17% YoY to Rs 2,505.89 lakhs, but net profit after tax declined by 68.55% to Rs 8.72 lakhs. Half-yearly results show improvement with revenue up 15.18% and net profit up 29.15% YoY. The company reported positive operating cash flow of Rs 470.08 lakhs for H1 FY2026, indicating strong core business operations. However, profitability challenges persist, suggesting a need for improved cost management and operational efficiency.
11Aug 25
Prakash Steelage Reports Profitable Q1 with Rs. 1,768.51 Lakh Revenue
Prakash Steelage, a stainless steel pipes and tubes manufacturer, announced Q1 financial results. The company reported total income of Rs. 1,768.51 lakhs, with revenue from operations at Rs. 1,676.98 lakhs. Net profit after tax stood at Rs. 38.06 lakhs, with earnings per share at Rs. 0.02. Total expenses were Rs. 1,621.41 lakhs, resulting in a profit before tax of Rs. 48.06 lakhs. The results were approved by the board after review by the Audit Committee and limited review by Pipara & Co LLP.
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