SRU Steels Ltd (540914)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, SRU Steels' revenue was ₹0.0 Cr (-100.0% year on year, -100.0% on the previous quarter), and net profit ₹-0.1 Cr (against a profit a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -100.0% | -100.0% |
| Operating profit | ₹-0.1 | to loss | loss narrowed |
| Net profit | ₹-0.1 | to loss | loss narrowed |
| EPS (₹) | -0.01 | to loss | loss narrowed |
📢 Recent Corporate Announcements
SRU Steels Ltd reported standalone revenue from operations of ₹0.00 lakh for the quarter ended June 30, 2026, compared to ₹2,316.32 lakh in Q1 FY26 and ₹275.46 lakh in Q4 FY26. Total expenses stood at ₹6.73 lakh, leading to a net loss after tax of ₹6.73 lakh versus a net profit of ₹134.76 lakh in the same quarter last year. Basic EPS for the quarter fell to ₹(0.01) from ₹0.22 in Q1 FY26. All business segments recorded nil revenue during the period.
- Revenue from operations fell to ₹0.00 lakh from ₹2,316.32 lakh in Q1 FY26 and ₹275.46 lakh in Q4 FY26
- Net loss of ₹6.73 lakh against a profit of ₹134.76 lakh in Q1 FY26
- Total expenses stood at ₹6.73 lakh, with other expenses of ₹5.49 lakh and depreciation of ₹1.12 lakh
- Diluted EPS dropped to ₹(0.01) versus ₹0.22 in the year-ago period
- Steel segment reported zero revenue and an operating loss of ₹5.61 lakh
SRU Steels Ltd reported standalone revenue from operations of ₹0.00 lakh for the quarter ended June 30, 2026, compared to ₹2,316.32 lakh in Q1 FY26 and ₹275.46 lakh in Q4 FY26. Total expenses stood at ₹6.73 lakh, leading to a net loss after tax of ₹6.73 lakh versus a net profit of ₹134.76 lakh in the same quarter last year. Basic EPS for the quarter fell to ₹(0.01) from ₹0.22 in Q1 FY26. All business segments recorded nil revenue during the period.
- Revenue from operations fell to ₹0.00 lakh from ₹2,316.32 lakh in Q1 FY26 and ₹275.46 lakh in Q4 FY26
- Net loss of ₹6.73 lakh against a profit of ₹134.76 lakh in Q1 FY26
- Total expenses stood at ₹6.73 lakh, with other expenses of ₹5.49 lakh and depreciation of ₹1.12 lakh
- Diluted EPS dropped to ₹(0.01) versus ₹0.22 in the year-ago period
- Steel segment reported zero revenue and an operating loss of ₹5.61 lakh
SRU Steels Limited conducted its 31st Annual General Meeting on September 30, 2026, virtually. A total of 46 public shareholders attended the meeting out of 21,089 total shareholders as of the September 23, 2026 cut-off date, with zero promoter presence. Key agenda items included the adoption of FY2026 audited financial statements, the reappointment of director Mr. Anand Singh, and the appointment and remuneration of statutory auditors. The voting results and Scrutinizer's Report are scheduled to be disclosed by October 2, 2026.
- 31st AGM held virtually on September 30, 2026, running from 4:00 P.M. to 4:19 P.M.
- Total shareholder base stood at 21,089 as of the September 23, 2026 cut-off date
- Meeting attended by 46 public shareholders and 0 promoter representatives
- Final scrutinizer report and e-voting results to be declared by October 2, 2026
SRU Steels Limited has announced the appointment of M/s. Bihari Shah & Co., Chartered Accountants (FRN: 119020W), as the Statutory Auditor of the company effective August 31, 2026. The appointment has been made by the Board of Directors to fill a casual vacancy and will hold until the conclusion of the upcoming Annual General Meeting (AGM). The appointment remains subject to the approval of shareholders at the AGM.
- Appointment of M/s. Bihari Shah & Co. (FRN: 119020W) as Statutory Auditor effective August 31, 2026
- Appointed to fill a casual vacancy in the office of Statutory Auditor
- Tenure extends until the conclusion of the upcoming Annual General Meeting
- Appointment approved by the Board and subject to upcoming shareholder approval
SRU Steels Limited announced that its Board of Directors approved the appointment of M/s. Bihari Shah & Co., Chartered Accountants, as Statutory Auditor on August 31, 2026. The appointment is made to fill a casual vacancy in the office of the statutory auditor. The tenure is effective August 31, 2026, until the conclusion of the upcoming Annual General Meeting, subject to shareholder approval.
- Appointed M/s. Bihari Shah & Co. (FRN: 119020W) as Statutory Auditor effective August 31, 2026
- Appointment fills casual vacancy and runs until the conclusion of the upcoming AGM
- Appointment is subject to the approval of shareholders
- Board meeting commenced at 3:30 PM and concluded at 4:30 PM on August 31, 2026
SRU Steels Limited has disclosed the resignation of its statutory auditor, BMGS & Associates, Chartered Accountants (FRN: 026886N), effective August 26, 2026. The company stated that there are no material reasons for the resignation other than those detailed in the resignation letter. With a micro-cap market size of Rs 9 Cr and 0.0% promoter holding, statutory auditor departures represent a key corporate governance monitorable.
- Statutory auditor BMGS & Associates resigned via letter dated August 26, 2026
- Resignation became effective as of August 26, 2026
- Company reported no material reasons other than those specified in the resignation letter
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