Sunflag Iron & Steel Approves Q1 Financial Results, Announces Director Appointments and Re-appointments

Sunflag Iron & Steel Approves Q1 Financial Results, Announces Director Appointments and Re-appointments​

Sunflag Iron & Steel Company Limited approved the unaudited financial results for the first quarter of the financial year 2026 and made several significant decisions regarding its board composition during a Board meeting held on August 11, 2026. The company also issued a notice convening its Fortieth Annual General Meeting (AGM).

The management introduced the Q1 results, both standalone and consolidated, which were reviewed by the Audit Committee. The company confirmed that it operates solely in the 'Iron & Steel Business' within India, representing its only operational segment.

Financial Highlights for the First Quarter Ended June 30, 2026​

The company’s unaudited financial results for Q1 FY2026 (standalone) and consolidated were released, along with a Limited Review Report from the Statutory Auditors. Key figures from the standalone results (amounts in Lakhs):


The consolidated figures for the quarter ended June 30, 2026 included results from two subsidiaries and several joint ventures. The company also reported that one joint venture has been fully impaired, and its financial information is not material to the Group.

Board Decisions and Director Changes​

At the meeting, the Board of Directors considered and approved the management discussion & Analysis, Corporate Governance Report, Business Plan, and Sustainability Report for the Fortyeth Annual General Meeting (AGM).

Key decisions related to board appointments included:

• Additional Director: Mr. Mukund Prabhakar Chaudhari was appointed as an Additional Director (Non-executive, Independent) of the company. A recommendation was made for his subsequent appointment as an Independent Director for a fixed term of forty months, running from August 11, 2026, until December 10, 2029. Mr. Chaudhari holds degrees in B. Com and is a Member of the Institute of Chartered Accountants of India, with over 35 years of experience across accounting, finance, taxation, mining, corporate strategy, and management.
• Re-appointment: The Board recommended the re-appointment of Mr. Ravi Bhushan Bhardwaj (Director, Chairman) as a rotational Director.
• Director Re-appointment: Mr. Ramchandra Vasant Dalvi, who holds the designation of Director (Technical), was recommended for re-appointment for three years, effective from August 14, 2026, until August 13, 2029. Mr. Dalvi is a B. Tech graduate in Metallurgical Engineering and has extensive experience in steelmaking.

The Board also approved the closure of the Register of Members' Share Transfer Books and the Register of Beneficiaries for the period spanning September 12, 2026, to September 25, 2026.

AGM Notice and Future Plans​

The company considered and approved the notice for the Fortyeth Annual General Meeting (AGM) of its shareholders, which is scheduled to be held on Friday, September 25, 2026, at 12:00 Hrs via Conference or other Audio-Visual Means. The record date for determining eligible members for the final dividend for the financial year 2025-26 was fixed as Friday, September 11, 2026.

SUNFLAG Stock Price Movement​

Shares of Sunflag Iron And Steel Company Limited slipped by 3.11% to settle at ₹369 today after trading in the capital goods sector. The stock traded on a volume of 222,995 shares during the session.