Shri Kanha Stainless Limited Approves FY26 Results, Re-appoints Auditors
Shri Kanha Stainless Limited, a manufacturer of stainless steel strips, cold rolled coils, and circles, announced the results of its Board Meeting held on May 29, 2026. During the meeting, the company considered and approved its audited financial results for the half year and the full year ended March 31, 2026, along with the Statement of Assets and Liabilities as of that date.The company also formalized its appointment of external auditors for the Financial Year 2026-27.
Financial Highlights and Performance
The Board of Directors reviewed the audited financial results, which provide a true and fair view of the company's financial standing for the period.According to the reported data, the total income for the financial year ended March 31, 2026, stood at 20,582.47 (Amount in INR Lakhs). This was compared to 14,638.71 (INR Lakhs) in the previous year. The profit/(loss) for the year ended March 31, 2026, was reported at 873.69 (INR Lakhs).
The Balance Sheet Summary for the year highlights significant changes in the company's structure:
| Particulars | As at 31st March 2026 (INR Lakhs) | As at 31st March 2025 (INR Lakhs) |
|---|---|---|
| Share Capital | 1,558.24 | 87.00 |
| Reserves and Surplus | 4,580.42 | 1,129.21 |
| Long-Term Borrowings | 239.12 | 601.33 |
| Short-Term Borrowings | 5,325.74 | 4,496.71 |
| Inventories | 4,822.01 | 2,520.13 |
| Total Assets | 15,016.28 | 10,613.41 |
The Cash Flow Statement for the year ended March 31, 2026, showed the following operational trends:
| Particulars | Year ended 31st March 2026 (INR Lakhs) | Year ended 31st March 2025 (INR Lakhs) |
|---|---|---|
| Net Profit before tax | 1,169.31 | 768.29 |
| Operating profit/(loss) before working capital changes | 1,762.98 | 1,347.13 |
| Net cash used in Operating Activities | (3,121.69) | (877.95) |
| Net cash used in Investing activities | (598.65) | 463.27 |
| Net Proceeds from Financing Activities | 4,048.75 | 4,077.56 |
| Net increase/(decrease) in Cash and Cash equivalents | 357.22 | (1,186.60) |
Governance and Compliance Updates
The Board of Directors also addressed governance matters, approving the re-appointment of the company’s auditors for the Financial Year 2026-27:| Auditor Type | Firm Name | Date of Appointment | Term |
|---|---|---|---|
| Secretarial Auditor | M/s S.K. Joshi & Associates | May 29, 2026 | FY 2026-27 |
| Internal Auditor | Mis G.L. Dangayach & Company | May 29, 2026 | FY 2026-27 |
| Cost Auditor | M/s Rajesh and Company | May 29, 2026 | FY 2026-27 |
Regarding the utilization of IPO proceeds, the company reported that there was no deviation or variation in the use of funds raised from its Public Issue. The funds were utilized for approved objects, including the upgradation of the existing manufacturing facility by installation of an 11.50 mm 4-HiAGC Reversible Rolling Machine (Original Allocation: 1,200.29 Lakhs; Funds Utilized: 740 Lakhs).
The company confirmed that its equity shares are listed on the SME Emerge Platform of the National Stock Exchange of India Limited (NSE Emerge) with effect from December 10, 2025.
SHRIKANHA Stock Price Movement
Today, shares of Shri Kanha Stainless Limited edged higher, closing at ₹26.45 after rallying 4.96%. The stock saw considerable interest, trading on a total volume of 17,600 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: