Shiv Aum Steels Reports Quarter Results and Re-appoints Statutory Auditor

Shiv Aum Steels Reports Quarter Results and Re-appoints Statutory Auditor​

Shiv Aum Steels Limited announced the outcomes of its Board meeting held on August 11, 2026, releasing unaudited financial results for the quarter ended June 30, 2026. The company also formalized the re-appointment of Agarwal Jain & Gupta Chartered Accountants as its Statutory Auditor.

The company's board reviewed and approved both the standalone and consolidated unaudited financial statements, which are presented in compliance with Indian Accounting Standards (INDAS). These results were issued alongside a Limited Review Report conducted by the statutory auditors.

In addition to financial disclosures, the Board considered several operational matters, including the Corporate Social Responsibility expenditure for the financial year 2026-27, and the Draft Board's Report and other annexures for Financial Year ended 2025-26. The meeting also addressed preparations for the company's IPO and listing applications.

Standalone Financial Performance Overview​

The unaudited standalone results for the quarter ending June 30, 2026, highlighted the company’s operational performance.

Key financial highlights from the Standalone Unaudited Financial Results are summarized below:

Consolidated Financial Performance Summary​

The consolidated unaudited financial results for the quarter ended June 30, 2026, show overall operational figures for the Holding Company and its subsidiaries.

Summary of Key Metrics from the Consolidated Unaudited Financial Results:

Governance and Future Strategy​

The Board meeting addressed the future of the company's financial oversight and listing plans. The Audit Committee recommended the re-appointment of M/s Agarwal Jain & Gupta Chartered Accountants (Firm Registration No. 013538C). This appointment is set for the period starting from the conclusion of the Seventh Annual General Meeting (Post IPO) till the conclusion of the Ninth Annual General Meeting (Post IPO), scheduled in the year 2028, pending member approval at the ensuing Annual General Meeting.

The company also detailed plans to submit an application for Direct Listing or Trading of Equity Shares on the Main Board of Bombay Stock Exchange of India (BSE).

Auditor Review Details​

The independent auditor's review confirms that the standalone unaudited financial results were reviewed in accordance with Standard on Review Engagement (SRE) 2410. The audit firm noted that, based on their review, nothing came to their attention that caused them to believe that the accompanying Statement contained any material misstatement or failed to disclose required information.

The Board meeting commenced at 02:30 P.M. and concluded at 03:40 P.M. Shiv Aum Steels Limited is primarily engaged in the business of 'Trading in steel'.

SHIVAUM Stock Price Movement​

Shiv Aum Steels Limited shares slipped by 0.75% on Tuesday in the closed market, settling at ₹425.2 as the stock shed ₹3.20. The equity traded 134,516 shares, finishing below its previous close of ₹428.2.