Prakash Steelage Limited's Board met on May 26, 2025, and approved several key appointments and re-appointments.
Approved the Audited Financial Results (Standalone) for the quarter and year ended March 31, 2025, with an unmodified audit opinion from M/s Pipara & Co. LLP, Chartered Accountants.
Appointed M/s. SK. Jain & Co. as Secretarial Auditor for 5 years starting from FY 2025-26, subject to member approval.
Appointed M/s. Luniya & Co. as Internal Auditors for FY 2025-26.
Appointed M/s. P.K. Patwa & Co. as Cost Accountants for FY 2025-26, subject to member ratification.
Noted the resignation of Mr. Himanshu Sethia as Company Secretary and Compliance Officer, effective June 2, 2025.
Appointed Ms. Sakshi Dinesh Faganiya as Company Secretary and Compliance Officer, effective June 3, 2025.
Re-appointed Mr. Ashok M. Seth as Whole Time Director for 5 years from December 29, 2025, to December 28, 2030, subject to member approval.
The company's financial results for the quarter ended March 31, 2025, show a revenue from operations of ₹ 2,130.66 Lakhs and a net profit after tax of ₹ 25.77 Lakhs. For the year ended March 31, 2025, the revenue from operations was ₹ 7,656.86 Lakhs and the net profit after tax was ₹ 129.57 Lakhs.
The Board has identified Manufacturing of Stainless Steel Tubes & Pipes business as its primary reportable segment.