Panchmahal Steel Ltd Approves Quarterly Results, Re-appoints Ashok Malhotra as CMD
Panchmahal Steel Ltd announced key outcomes from its Board meeting held on August 3, 2026, approving the company's unaudited financial results for the quarter ending June 30, 2026. The board also addressed decisions regarding director appointments and set the date for the upcoming Annual General Meeting (AGM).The Company’s Board of Directors reviewed and approved the Unaudited Financial Results for the quarter ended June 30, 2026. These results were examined alongside an Independent Auditors Review Report on Interim Financial Results submitted by the Statutory Auditors.
Operational and Financial Performance
Panchmahal Steel Ltd is engaged in the manufacturing of Stainless Steel Long Products, which constitutes a single reportable segment under Ind AS-108 on Segment Reporting.The financial performance metrics for the quarter ended June 30, 2026, comparing against previous periods and the full year are detailed below (figures are in lakhs):
| Particulars | Quarter ended 30.06.2026 (Unaudited) | Quarter ended 31.03.2026 (Audited) | Quarter ended 30.06.2025 (Unaudited) | Year ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 9,396.84 | 10,596.30 | 8,754.04 | 38,424.12 |
| Other Income | 63.82 | 52.62 | 104.44 | 298.25 |
| Total Income | 9,460.66 | 10,648.92 | 8,858.48 | 38,722.37 |
| Cost of Materials Consumed | 6,430.45 | 7,226.68 | 6,072.52 | 26,395.66 |
| Change in Inventories of Finished Goods | (612.46) | 310.10 | 264.62 | 875.63 |
| Employee Benefits Expense | 626.63 | 717.83 | 532.88 | 2,429.54 |
| Finance Costs | 102.61 | 136.00 | 147.28 | 541.29 |
| Depreciation & Amortisation Expense | 200.11 | 200.52 | 199.05 | 797.99 |
| Power & Fuel | 1,275.88 | 1,157.29 | 1,117.73 | 4,387.70 |
| Other Expenses | 857.78 | 808.22 | 786.58 | 3,220.94 |
| Total Expenses | 8,881.00 | 10,556.64 | 9,120.66 | 38,648.75 |
| Profit / (Loss) before Tax | 579.66 | 92.28 | (262.18) | 73.62 |
Director Appointments and AGM Details
The Board of Directors took several key decisions regarding the company’s management structure:Chairman & Managing Director Re-appointment:
The board approved the proposal for the re-appointment of Mr. Ashok R. Malhotra as Chairman and Managing Director. This role will be held for a further term of three years, effective from April 1, 2027. The appointment is subject to approval by the members at the ensuing 53rd Annual General Meeting (AGM). Mr. Malhotra was confirmed not to be debarred from holding the office of Director by any authority.
Director Continuation:
The board also approved and recommended the continuation of Ms. Suchita Shah's directorship as a NonExecutive Non-Independent Director. The company has sought shareholder approval for her continued tenure at the 53rd AGM.
Annual General Meeting (AGM):
The 53rd Annual General Meeting is scheduled to be held on Friday, September 25, 2026, at 11:00 a.m. The meeting will be conducted through Video Conferencing (VC) or Other Audio Video Means (OAVM).
The details regarding the appointments and continuations are as follows:
| Role | Name | Terms of Appointment | Effective Date |
|---|---|---|---|
| Chairman & MD | Mr. Ashok R. Malhotra | Re-appointment for three years, liable to retire by rotation. | April 1, 2027 |
| NonExecutive Director | Ms. Suchita Shah | Continuation of directorship after attaining age 75, liable to retire by rotation. | December 22, 2027 |
The results were duly reviewed and approved by the Statutory Auditors and the Board of Directors.
Stock Price Movement
Panchmahal Steel shares are ticking up as of 15:15, currently standing at ₹310.55 after gaining 3.36%. The equity has navigated quite a range today, dipping as low as ₹295.00 before reaching an intraday high of ₹325.00.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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