Sunflag Iron and Steel Company Limited has announced the outcome of its 207th Board Meeting held on August 11, 2026. The Board considered and approved the unaudited financial results for the First Quarter (Q-1) ended June 30, 2026, both standalone and consolidated. Additionally, the meeting involved the recommendation of appointments and re-appointments for key directorial positions, to be presented for member approval at the upcoming Annual General Meeting.
Quarterly Financials Approved
Sunflag Iron and Steel Company Limited has announced key decisions from its 207th Board Meeting, held on Tuesday, August 11, 2026. The Board reviewed and approved the Unaudited Financial Results (Standalone and Consolidated) for the First Quarter (Q-1) ended June 30, 2026. These results were also reviewed by the Audit Committee and the Statutory Auditors, who provided a Limited Review Report. The company’s website, www.sunflagsteel.com, now features these financial results.
Board Meeting Highlights and Director Changes
In addition to financial matters, the Board also approved the Board’s Report, including the Management Discussion & Analysis, Corporate Governance Report, and Business Responsibility and Sustainability Report, for adoption at the upcoming Fortieth (40th) Annual General Meeting (AGM). Several key personnel changes were also discussed and recommended:
- Appointment of Additional Director: Mr. Mukund Prabhakar Chaudhari (DIN: 05339308) was appointed as an Additional Director (Non-executive, Independent). He is recommended for appointment as an Independent Director for a fixed term of 40 months, from August 11, 2026, to December 10, 2029.
- Re-appointment of Directors:
- Mr. Ravi Bhushan Bhardwaj (DIN – 00054700), Director (Chairman), is recommended for re-appointment as a rotational Director.
- Mr. Ramchandra Vasant Dalvi (DIN: 00012065) is recommended for re-appointment as Director (Technical) for a further period of three (3) years, effective August 14, 2026.
The company confirmed that none of the appointed or re-appointed Directors have been debarred from holding such office by any authority. Further details regarding these appointments are provided in Annexure -A. The Board Meeting commenced at 12:00 Hrs and concluded at 16:00 Hrs on August 11, 2026.
Financial Performance Summary (Q1 FY27 vs Q1 FY26)
Standalone Results
For the quarter ended June 30, 2026, Sunflag Iron and Steel reported a Net Profit After Tax of ₹6,396 Lakhs, a significant increase from ₹3,395 Lakhs in the same quarter of the previous year. Total comprehensive income stood at ₹2,82,551 Lakhs, compared to a loss of ₹21,136 Lakhs in the prior year’s comparable quarter. Earnings per share (EPS) was ₹3.55 compared to ₹1.88.
Consolidated Results
On a consolidated basis, Net Profit After Tax for the quarter ended June 30, 2026, was ₹6,605 Lakhs, up from ₹3,427 Lakhs in Q1 FY26. Total comprehensive income rose to ₹2,82,760 Lakhs from a loss of ₹21,104 Lakhs year-on-year. Consolidated EPS was ₹3.66 compared to ₹1.90.
Source: BSE
