Niraj Cement Structurals Reports Quarterly Results for Q2 2026; Boards AGM Schedule

Niraj Cement Structurals Reports Quarterly Results for Q2 2026; Boards AGM Schedule​

Niraj Cement Structurals Limited has reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results during a meeting held on August 14, 2026. Concurrently, the company announced key updates regarding its future general meetings.

The management stated that the 28th Annual General Meeting (AGM) for the financial year 2025-26 is scheduled to be held on Monday, September 28, 2026, via Video Conferencing or other Audio-Visual Means. The Register of Members and Share Transfer Books will remain closed from September 20, 2026, until the AGM date.

Q2 FY2026 Financial Performance Highlights​

The company's financial results for the quarter reflect performance across both standalone and consolidated operations. Below are the key financial metrics for the period ended June 30, 2026:

Standalone Financial Results (Q2 CY2026)


Consolidated Financial Results (Q2 CY2026)

Operational and Audit Observations​

The results provided reflect the company's primary engagement in civil construction and infrastructure development, with no separate reportable segments identified as per Indian Accounting Standards (Ind AS) 108. The standalone financial statement specifically noted that sales include uncertified revenue pertaining to ongoing projects of the company across India.

The independent auditor’s review report highlighted several key operational matters:

• GST Dispute: A search and seizure operation conducted by the office of the Director General of GST Intelligence (DGCI) at the company's Mumbai office on January 6, 2021, was noted. The company challenged the proceedings and deposited Rs. 108.40 Lacs under protest. These related disputes are currently unsettled and reflected in financial statements under "Other Current Liabilities" and "Other Current Assets."
• Joint Venture (JV) Entities: The company booked turnover and costs related to joint venture entities. As per JV agreements, projects are executed by the partners under the supervision and control of Niraj Cement Structurals Limited, whose bank accounts for project proceeds are controlled by the company.
• Income Tax Assets: Income Tax Assets (Net) totaling Rs 2,068.82 Lakhs have been shown as "Other Non-Current Assets." The management expressed confidence that rectification regarding these appeals could be achieved before the end of the financial year 2026-27, citing appeal orders in favour of the company from various tribunals.

Notes on Subsidiaries and Segment Reporting​

The consolidated statement included results from two subsidiary companies: Niraj Consulting Group Limited and Niraj Build India Limited. The consolidated review confirmed that these subsidiaries had their respective financial information reviewed by external chartered accountants.

NIRAJ Stock Price Movement​

Niraj Cement Structurals Limited shares shed 3.12% in post-market trading, closing today at ₹28.20 after declining by ₹0.92 from its previous close. The stock traded a volume of 110,215 shares, having moved within the intraday range of ₹28.00 and ₹29.45.