Prakash Steelage Limited's Board of Directors convened on Monday, May 26, 2025, to approve the audited standalone financial results for the quarter and year ended March 31, 2025, which received an unmodified opinion from the Statutory Auditors.
Financial Highlights (Standalone):
For the quarter ended March 31, 2025:
Total Income stood at ₹2,184.97 lakh.
Net Profit after Tax was ₹25.77 lakh.
Basic and Diluted Earnings per Share (EPS) was ₹0.01.
For the year ended March 31, 2025:
Total Income was ₹7,801.92 lakh.
Net Profit after Tax reached ₹129.57 lakh.
Basic and Diluted EPS was ₹0.07.
Cash and cash equivalents were ₹26.40 lakh as on March 31, 2025, compared to ₹35.16 lakh as on March 31, 2024.
The company noted that the financial results have been prepared in accordance with Indian Accounting Standards (Ind AS). No specific comment from management regarding performance or future guidance was provided.
Other key decisions approved by the Board include:
Appointment of M/s. SK. Jain & Co., Practicing Company Secretaries, as Secretarial Auditor for five consecutive years, from financial year 2025-26 till financial year 2029-2030, pending approval from members at the upcoming Annual General Meeting (AGM).
Appointment of M/s. Luniya & Co., Chartered Accountants, as Internal Auditors for the financial year 2025-26.
Appointment of M/s. P.K. Patwa & Co., Cost Accountants, as Cost Accountants for the financial year 2025-26, subject to ratification of their appointment and remuneration by the members at the ensuing General Meeting.
Noting the resignation of Mr. Himanshu Sethia from the post of Company Secretary and Compliance Officer, effective from the close of business hours on June 02, 2025.
Appointment of Ms. Sakshi Dinesh Faganiya as the new Company Secretary and Compliance Officer, effective June 03, 2025.
Re-appointment of Mr. Ashok M. Seth as the Whole Time Director for a period of five years, commencing from December 29, 2025, to December 28, 2030, subject to approval from members at the ensuing AGM.
The Board meeting began at 3 p.m. and concluded at 3:36 p.m. on May 26, 2025.