Prakash Steelage Limited Approves FY26 Results and Appoints New Auditors
Prakash Steelage Limited announced significant corporate developments following its Board of Directors meeting held on May 28, 2026. The board approved the audited standalone financial results and also sanctioned the appointments of specialized auditors for the ensuing financial year.The company confirmed that the board considered and approved the audited standalone financial results, along with the accompanying Auditors' Report, for the quarter and the full financial year ended March 31, 2026.
In addition to the results approval, the board also approved two key appointments for the financial year 2026-27. M/s. Luniya & Co., Chartered Accountants, was approved as the Internal Auditor, while M/s. P.K. Patwa & Co., was approved as the Cost Accountants. The appointment of M/s. P.K. Patwa & Co. remains subject to ratification of appointment and remuneration by the company's members in the ensuing General Meeting.
Financial Performance Highlights
The audited results provide a comprehensive view of the company's performance. The financial statement includes the Annual Financial Results and the Statement of Financial Results for the Quarter and Year Ended March 31, 2026.The audited annual report stated that the Financial Results for the year ended March 31, 2026, gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India.
Statement of Financial Results for Quarter and Year Ended March 31, 2026 (Figures in INR Lakhs)
| Particulars | Quarter Ended 31.03.2026 (Unaudited) | Quarter Ended 31.03.2025 (Unaudited) | Quarter Ended 31.03.2025 (Unaudited) | Year Ended 31.03.2026 (Audited) | Year Ended 31.03.2025 (Audited) | Year Ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| Total Income | 2,492.35 | 2,446.51 | 2,134.97 | 9,111.13 | 7,801.92 | |
| Total Expenses | 2,474.55 | 2,401.89 | 2,086.91 | 8,997.03 | 7,605.28 | |
| Net Profit/(Loss) after Tax | 3.64 | 3,346 | 2,577 | 83.87 | 129.57 | |
| Total Comprehensive Income | (4.78) | 45.98 | 16.19 | 8251 | 118.66 | |
| Basic and Diluted EPS (Rs) | 0.00 | 0.02 | 0.01 | 0.05 | 0.07 |
Statement of Assets and Liabilities as at March 31, 2026 (Figures in INR Lakhs)
| Particulars | 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|
| TOTAL NON-CURRENT ASSETS | 2467 | 2,767 |
| Total Sub-total (Non-Current Assets) | 849.51 | 675.54 |
| TOTAL CURRENT ASSETS | 3,599.86 | 3,076.49 |
| Sub-total: Sharesholder's Funds | 972.85 | 890.34 |
| Sub-total: Non Current Liabilities | 102.80 | 76.32 |
| TOTAL EQUITY & LIABILITIES | 4,449.37 | 3,752.02 |
***
Cash Flow Activity (INR Lakhs)
The company provided detailed cash flow statements for the year ending March 31, 2026, and March 31, 2025.| Particulars | For the Year ending March 31, 2026 | For the Year ending March 31, 2025 |
|---|---|---|
| Profit/(Loss) before Taxation | 114.10 | 196.64 |
| Cash generated from Operations (Net) | 727.44 | (284.46) |
| Net Cash inflow/(outflow) from Investing Activities | (288.89) | (44.95) |
| Net Cash inflow/(outflow) from Financing Activities | (366.23) | 369.01 |
| Net Increase /(Decrease) in Cash and Cash equivalents | 5.96 | (8.76) |
***
The board meeting concluded with the Chairman & Managing Director stating that the details were posted on the company's website. Prakash Steelage Limited is registered at 101, 1st Floor, Shatrunjay Apartment, 28, Sindhi Lane, Nanubhai Desai Road, Mumbai-400 004.
PRAKASHSTL Stock Price Movement
On Wednesday, Prakash Steelage Limited shares edged higher, closing at ₹4.56 after gaining 1.33% over the previous day's close. The stock saw significant activity, recording a total traded volume of 226,433 shares during the session.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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