Msafe Equipments Ltd Reports Q1 FY27 Unaudited Results and Appoints New Auditors
Msafe Equipments Limited, formerly known as Msafe Equipments Private Limited, announced its unaudited financial results for the quarter ended June 30, 2026. The company also formalized several key appointments, including Cost, Internal, and Secretarial auditors, during a Board meeting held on August 10, 2026.The Company operates in the single segment of Manufacturing of aluminium & Steel Scaffolding and FRP Ladders.
Q1 FY27 Financial Highlights
Msafe Equipments Ltd reported its financial performance for the quarter ended June 30, 2026. Key figures from the standalone results are summarized below:| Particulars | Quarter Ended 30th June, 2026 (Unaudited) | Quarter Ended 31st March, 2026 (Unaudited) | Quarter Ended 30th June, 2025 (Unaudited) | Year Ended 31st Mar, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 3,178.68 | 2,81147 | 2,272.00 | 10,349.96 |
| Other Income | 66.12 | 4534 | 3.24 | 55.90 |
| Total Income | 3,244.80 | 2,856.81 | 2,275.24 | 10,405.86 |
| Total Expenses | 2,271.20 | 1,990.28 | 1,609.50 | 7,409.35 |
| Profit Before Tax | 973.60 | 866.53 | 665.74 | 2,996.51 |
| Total Tax Expense | (246.36) | (215.94) | (161.80) | (754.49) |
| Net Profit/(Loss) | 727.24 | 65059 | 503.94 | 2,242.02 |
Capital Expenditure Utilization
The company provided a detailed summary of the utilization of IPO proceeds and related capital expenditure. The total amount available for IPO purposes was 5,412.00 Lakhs (Amount in Rs. Lakhs). As of June 30, 2026, 3,861.23 Lakhs had been utilized, leaving an unutilized amount of 1,550.77 lakhs, which has been temporarily invested in fixed deposits at ICICI Bank.The utilization details are as follows:
| Item Head | Amount Available (Lakhs) | Amount Utilized during the Quarter (Lakhs) | Total Utilized till 30.06.2026 (Lakhs) | Total Unutilized Amount (Lakhs) |
|---|---|---|---|---|
| Funding of Capital expenditure towards setup of a new Manufacturing Facility | 3,225.92 | 1,847.16 | 1,847.16 | 1,378.76 |
| Funding of Capital expenditure for manufacturing of equipment for rental purpose | 600.00 | 448.00 | 568.00 | 32.00 |
| Utilization towards working capital requirements | 800.00 | 454.63 | 659.99 | 140.01 |
| General corporate purposes | 176.31 | - | 176.31 | - |
| Issue related expense in relation to IPO | 609.77 | - | 609.77 | - |
| Total | 5,412.00 | 2,749.79 | 3,861.23 | 1,550.77 |
Appointment of Professional Auditors
The Board of Directors approved the appointment of several independent auditors for the financial year 2026-2027:Cost Auditor: M/s Chittora & Co., Cost Accountants (Firm Registration No. 000385) was appointed, effective from April 1, 2026, to March 31, 2027. The firm is based in Jaipur and comprises experienced partners including Mr. Vinod Chittora and Mr. R.K. Bhandari.
Internal Auditor: M/s R.A. Kila & Associates, Chartered Accountants (FRN- 003775N) was appointed for the financial year 2026-2027. The firm has over 42 years of experience in professional services and is experienced with various major banks.
Secretarial Auditor: M/s Ajai Kumar Associates, Company Secretaries (FRN- 003775N) was appointed to conduct the Secretarial Audit for the financial year 2026-2027. The firm has over 20 years of experience in Company Law and FEMA matters.
Stock Price Movement
As of 13:09, Msafe Equipments Ltd shares are ticking up by 3.98%, currently trading at ₹214.00. The stock has seen intraday movement within a range, touching a low of ₹211.00 and reaching a high of ₹216.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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