Sagardeep Alloys Approves Quarter 3 Financial Results and Announces Change in Statutory Auditors

Sagardeep Alloys Approves Quarter 3 Financial Results and Announces Change in Statutory Auditors​

Sagardeep Alloys Limited has approved its standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The company also announced a key transition regarding its statutory auditors following a Board meeting held on August 11, 2026.

The Board of Directors reviewed and sanctioned the Q3 financial outcomes alongside the limited review reports provided by the existing Statutory Auditors, M/s Piyush J. Shah & Co., Chartered Accountants. The company expressed appreciation for the services rendered by its current auditors as their tenure concludes upon the conclusion of the 19th Annual General Meeting (AGM).

Appointment of New Statutory Auditors​

The Board meeting also approved the appointment of M/s Ashish Sheth & Associates, Chartered Accountants, to serve as the new Statutory Auditor. The firm was selected following a recommendation by the Audit Committee.

M/s Ashish Sheth & Associates has been appointed for a period of five consecutive years. This term begins from the conclusion of the 19th AGM and extends up to the conclusion of the 24th AGM, which is scheduled for calendar year 2031. The appointment remains subject to shareholder approval in the upcoming General Meeting.

Standalone Financial Review Highlights​

The standalone unaudited financial results for the quarter ending June 30, 2026, were reviewed by M/s Piyush J. Shah & Co., Chartered Accountants. Their review concluded that the statements complied with Indian Accounting Standard 34 ("Ind-AS 34") and did not contain any material misstatement or fail to disclose required information under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A select view of the standalone results for Q3 ended June 30, 2026:


The company operates in metal manufacturing and real estate. However, due to financial metrics falling below prescribed quantitative thresholds under Ind AS 108 / Schedule II of the Companies Act, 2013, metal manufacturing remains the sole reportable operating segment, meaning separate segment reporting is not applicable.

Consolidated Financial Results Overview​

The consolidated unaudited results for the quarter ending June 30, 2026, were also reviewed by M/s Piyush J. Shah & Co., Chartered Accountants. The review concluded that the consolidated statements complied with Ind-AS 34 and did not contain any material misstatement regarding disclosure requirements.

The Consolidated Financial Results include one subsidiary: Sagardeep Engineers Private Limited. Key results from the subsidiary’s interim financial reporting during Q3, as reflected in the group's statement, are provided below:


The company remains engaged in metal and related products manufacturing, with the status of these results available on the Company's website.

SAGARDEEP Stock Price Movement​

Today, the shares of Sagardeep Alloys Limited settled at ₹24.69, reflecting a flat performance as the company closed its trading session. The stock recorded a total traded volume of 46,426 shares during the day.