Sunflag Iron & Steel Co. Ltd. announced the outcome of its 205th Board Meeting held on February 13, 2026. The Board approved the Un-audited Financial Results (Standalone and Consolidated) for the Third Quarter (Q-3) and Nine Months ended December 31, 2025. Furthermore, the Board re-appointed M/s. PricewaterhouseCoopers Services LLP as the Internal Auditors for the Financial Year 2026-27.
Outcome of the 205th Board Meeting
The Board of Directors of Sunflag Iron & Steel Co. Ltd. convened its 205th meeting on Friday, February 13, 2026, at the Registered Office in Nagpur. The meeting, which commenced at 11:30 Hrs. and concluded at 15:35 Hrs., focused primarily on financial reporting and statutory compliance matters.
Financial Results Approval
The Board considered, approved, and took on record the Un-audited Financial Results, both Standalone and Consolidated, for the Third Quarter (Q-3) and the Nine Months ended December 31, 2025. These results were duly reviewed by the Audit Committee prior to Board consideration.
Key Standalone Financial Highlights (Q3 Ended December 31, 2025)
- Total Income: ₹94,460 lakhs (vs. ₹89,475 lakhs in Q3 FY25).
- Net Profit After Tax: ₹5,910 lakhs (vs. ₹5,044 lakhs in Q3 FY25).
- Basic and Diluted EPS: ₹3.28 (vs. ₹2.80 in Q3 FY25).
Key Consolidated Financial Highlights (Q3 Ended December 31, 2025)
- Total Income: ₹94,461 lakhs (vs. ₹89,476 lakhs in Q3 FY25).
- Net Profit After Tax attributable to Owners equity: ₹55,256 lakhs (vs. ₹34,124 lakhs in the comparable period of the previous year, reflecting significant Other Comprehensive Income adjustments).
- Basic and Diluted EPS: ₹3.33 (vs. ₹2.78 in Q3 FY25).
The results also noted an Exceptional Item Gain/(Loss) of (₹870) lakhs on both standalone and consolidated levels, attributed to the impact assessment of the new Labour Codes enacted in November 2025.
Internal Auditor Re-appointment
In accordance with the Audit Committee’s recommendation, the Board approved the re-appointment of M/s. PricewaterhouseCoopers Services LLP (LLPIN: AAI-8885) to serve as the Internal Auditors for the upcoming Financial Year 2026-27. PricewaterhouseCoopers is highlighted as a major professional services firm in India with extensive experience in internal audit and financial controls review.
The requisite details concerning the re-appointment, as required by relevant regulations, are provided in the accompanying Annexure-A.
Source: BSE
