Nilachal Refractories Limited has announced the approval of its unaudited financial results for the quarter and half year ended September 30, 2026. The Board of Directors reviewed and endorsed these results, which were previously recommended by the Audit Committee. The company has also authorized a director to sign the financial statements.
Financial Results Approved
Nilachal Refractories Limited has officially announced the approval of its unaudited financial results for the quarter and the half year that concluded on September 30, 2026. This significant corporate action was taken during a meeting of the Board of Directors held on November 13, 2026.
Key Approvals and Authorizations
The Board of Directors has formally considered and approved the unaudited financial statements. This approval follows a recommendation from the company’s Audit Committee. To facilitate the necessary filings and compliance, Mr. Vimal Prakash, a Director with DIN 00174915, has been authorized to sign these financial results. Furthermore, any Director or Company Secretary is empowered to complete all required formalities with the stock exchanges.
Financial Performance Highlights
The unaudited financial statements presented cover the periods ending September 30, 2026. Detailed figures for revenue, expenses, and profit/loss for both continuing and discontinued operations are provided. For the quarter ended September 30, 2026, the company reported a net profit after tax of (₹92.57 lakhs) from total operations. The half year ended September 30, 2026 showed a net profit after tax of (₹406.41 lakhs).
Discontinued Operations and Going Concern
The financial results also address discontinued operations, reflecting the impact of the company’s decision to sell its manufacturing assets as part of a strategic restructuring and diversification plan. Despite material uncertainties related to its going concern status, the company’s management has assessed and affirmed its ability to continue as a going concern, preparing the financial results on this basis. The company intends to focus on business activities within the ferro-alloys sector.
Independent Auditor’s Review
The independent auditor’s review report highlights certain matters, including the lack of actuarial valuation for employee benefits, the non-redemption of 11% Redeemable Cumulative Preference Shares, and the classification of assets related to manufacturing operations as held for sale. The report states that based on the review, nothing has come to the auditor’s attention that causes them to believe the accompanying statement is materially misstated, subject to the aforementioned points and going concern considerations.
Source: BSE
