Sarthak Metals Approves Q1 2026 Unaudited Results; Reconstitutes Key Board Committees
Sarthak Metals Ltd., in a recent board meeting held on August 13, 2026, announced the approval of its unaudited financial results and the limited review report for the quarter ending June 30, 2026. The company also addressed governance matters, approving the cost audit report for the Financial Year 2025-26 and formalizing the re-constitution of several Board committees.The board meeting concluded after reviewing the Q1 performance alongside other critical organizational decisions. As part of its commitment to robust corporate governance, Sarthak Metals Ltd. announced the restructuring of four key committees, effective August 24, 2026. These committees include the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee.
The newly constituted committees are headed by Mr. Dwadasi Venkata Giri (Independent Director), with Mr. Sunil Dutt Bhatt (Independent Director) and Mrs. Ushasree Bhagavatula (Additional Independent Women Director) serving as members.
| S. No. | Name of Director | Designation | Category |
|---|---|---|---|
| 1. | Mr. Dwadasi Venkata Giri | Chairperson | Independent Director |
| 2. | Mr. Sunil Dutt Bhatt | Member | Independent Director |
| 3. | Mrs. Ushasree Bhagavatula | Member | Additional Independent Women Director |
Financial Performance Highlights (Quarter ended June 30, 2026)
The results for the quarter ending June 30, 2026, were reviewed and approved by the Audit Committee and the Board of Directors. The company operates in a single segment: Cored Wires.Financial performance metrics from the Statement of Profit and Loss show specific trends across various periods (figures are in Lakhs).
| PARTICULARS | Quarter ended 30th June, 2026 (Unaudited) | Quarter ended 30th June, 2025 (Unaudited) | Year ended 31st March, 2026 (Audited) |
|---|---|---|---|
| Revenue from Operations | 5521.23 | 4622.44 | 19225.14 |
| Total Income (I) | 5660.51 | 4684.56 | 19430.11 |
| Total Expenses (II) | 5453.24 | 4528.07 | 18775.44 |
| Profit Before Tax (I-II) | 207.27 | 156.49 | 654.67 |
| Profit For The Period | 132.92 | 106.05 | 461.07 |
| Basic Earnings per Equity Share (Rs) | 0.97 | 0.77 | 3.37 |
Balance Sheet Snapshot as of June 30, 2026
As per the audited data provided by BEGANI & BEGANI CHARTERED ACCOUNTANTS, the company's balance sheet reflects specific asset and liability positions.| Particulars | As at 30th June, 2026 | As at 31st March, 2026 |
|---|---|---|
| ASSETS | ||
| Total Non-Current Assets | 3813.07 | 3471.15 |
| Inventories (Current Assets) | 3570.98 | 3924.29 |
| Trade Receivables | 5329.18 | 5685.35 |
| Cash and Cash Equivalents | 17.78 | 7.17 |
| Other Current Assets | 861.20 | 610.54 |
| TOTAL ASSETS | 13595.05 | 13701.36 |
| EQUITY AND LIABILITIES | ||
| Total Equity | 12548.45 | 12427.76 |
| Total Current Liabilities | 847.56 | 1110.47 |
| TOTAL EQUITY AND LIABILITIES | 13595.05 | 13701.36 |
The company also confirmed that it holds Rs 6.34 Lac unrealised gains on foreign currency transactions as of June 30, 2026. Additionally, the management reported that no investor complaints were received during the quarter ended June 30, 2026.
SMLT Stock Price Movement
Shares of Sarthak Metals Limited are edging higher to ₹70.35 as of 2:28 PM, with the stock gaining 2.33% in live trading today. The company's equity saw a positive reaction, exchanging 3,678 shares during the current market 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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