BSEResult3d ago · 5 Aug 2026, 12:49 pm

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith Unaudited Financial Result of the Company for the quarter ended ....

Welcast Steels Ltd · 504988

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Welcast Steels Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, with a net profit of ₹68.94 lakhs and a loss of ₹71.90 lakhs for the period. The company has also mentioned that the financial statements have been prepared on a going concern basis, but the corresponding quarter last year was prepared on a non-going concern basis, making the results not comparable.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
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Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment5/10

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Welcast Steels Ltd - 504988 - Unaudited Financial Result For The Quarter Ended June 30, 2026 As Per Regulation 33 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

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Welcast Steels Limited Works : Plot No. 15, Phase 1, Peenya Industrial Area, Bangalore - 560 058. INDIA Phones: (91-80) 2839 4058, 2839 4059 E-mail: info@welcaststeels.com Website - www.welcaststeels.com CIN: L27104GJ1972PLC085827 5" August, 2026 The Manager (Listing), The SSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Dear Sir/ Madam, Sub: Unaudited Financial Result for the Quarter ended June 30, 2026 as per Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Script Code: 504988 Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Unaudited Financial Result of the Company for the Quarter ended June 30, 2026 alongwith Limited Review Report taken on record by the Board of Directors of the Company in its meeting held today i.e. August 5, 2026, which was commenced at 11.00 A.M. and concluded at 12.35 P.M. Please take the same on your record. Thanking you. Yours faithfully, For We least Steels Limited Paresh M. Shukla Company Secretary Encl.: As above Regd. Office: 115, G.V.M.M. Estate, Odhav Road, Odhav LRQA Ahmedabad - 382410, Gujarat. India CERTIFIED Tel: (+91-79) 22901078, Fax: (+91-79) 22901077 Is0 9001 WELCAST STEELSLIMITED Registered. Office: 115,..t1&,G.V.M.M. Estate;O'dhav RQad,Odhav, Ahmedapild _ 382415, GuJarat, India Telephone No: 07S-229t}111!'SFa'x~079..22901077 CIN: l27104GJ1972PLCOS5827 STATEMENT OF UN-AUDITED FINANCfAL RESULTS FORTHE QUARTER ENDED 30TH JUNE 2026 Sr. f inlakhs No. Particulars Q Iuarter ended Year ended 30t.hJuno 31st.March 30th Juno 3tstMarch 2026 2026 2025 2026 Income Un-au dlted Un-audited Audited 0.00 0.00 2278.46 ·121.69 •291.81 0.28 121.69 291.81 2.278.14 46.47 81.83 41.57 168.16 313.64 2320.31 108.37 0.00 1358.12 2580.48 b)Changes ininv~ntMes offinished go.odsilnd work.ln-prQgress 0.00 93.08 20.24 I 333.79 ~" Employee benefitS'expenSe d)Financecosts 49.02 6.59 216.89 706.87 0,44 0.4.4 0.44 7,18 e)Depreciabon &amortIsation ~xpepSes f)Otherexpenses 9.54 13.72 15.87 62.02 Total eXRcnses (a+b+'c+d+e+f} 72.69 52,78 74806 1565.00 3 lErofitIJLos~ before Exc(lptlonal item~&taxj1-2) 240.06 166..61 2359.62 5255.34 (71.9..0) 207.03 (39.31) (159.39J 4 Less: Exceptional items· Expenses (ReferNote NCI'II) 5 ProfitJ{Los~beforetax 328.19 6 TaxExPenses .J71.90) 207.03 (39.31 (487.49 I}Current tax ii)Deferred tax -"II iii)ShortIExcess provision forcurrent {<:IXofearlier years 68.94 (9,89) 68.94 TotalTaxel5.2.ensesfi+Ii+Ii!l (2£),211 7 Profit I(Los.s1for theperiodj.5.I)j 68.94 ..(U9) 42.73 8 OtherComprehensiv:e Income J(Loss) (71.90) 138.09 (29.42) (530.22) i)ItemthatWillnotbereclassified to profitorloss Ii)Income taxrelatingtoitems thatwill notbe reclassified toprofitorloss (0.28) ( «3. r0 r6) (0.28) 'Iii)Itemthatwillbereclassified toprofit orloss _.:......:....:c._..::_::.;;.,_ __ iv)Income taxrelating toitemstnatwlll bereclassified 10proflt orloss Total Other Comprehensive Income l(Loss) (notoftax)(i+ii+iii+iv) 9 Total Comprehensive tncome r(1.0.55)for the period (T+!D_ (0.28) (2.29) (0.28) (71.90) 137.81 J31.71) (530.50) 10 Paid-up EquityShareCapl1ql·· FaceValue,oft: 10each. 11 Otherequity 63.8.2 63.82 63.82 63.82 3378.11 12 Earning PerShare(EPS) (In~)(Not'annUalised) Basic Diluted .(11.27) 21.64 (4.61) (83.08 Note.s; (11.27) 21.64 J.4.61} .{83.0B) The above un·audited financial results forthe quarter ended 30June, 2026 have been reviewed bytheAudit Commitlee andsubsequently approved by the Board of Directors in their resp~ctjve meetings held 05 August 2026. The Un-audited financial results have been subjected tolimited review bytne.stalutory auditors oftheCompany. The statutory auditors have expressed anunmodified conclusion. (li) AlA Engineering limited, holding CompWlyisholding 4,77,651 equity shares aggregating to 74.85%.oftheshare capital. (iii) TheBoardof Direct.orsintheirmeeting held on October,15,2025, have passed theresoluhon toerosedown itsonly plan! in 8engaruru. Subsequently, theplant formally shut down from 15December 2025..FoU.owlngthecessation ofmanufacturing activities, the Factory Licenceandsanctioned power facfllties were also surrendered. There hasbeen no change inthe operational status oftheCompany during theQuarter.Sinea labour disputes arepending before various courtsand otherjudicial forums, management mtencs tomaintain the status quo.Accordingly, thefinancial statements continued tobe prepared onan~n-golng concern basis. a)Alilhe nonnnancialassets are measureo at lower.ofcaJ:lYingvalue andlair value lesscosts to.sell. b)Alltrw financial assets conUnue\.0berecognised atfairvalue oramortised cost adjusted fer anylossallowances. Al!liabilities are recognised atexpected settlement values. c)Noadjustments arecarried oul forcontLhg~ntliabilities Whichare'considered notprobable. d) Intheabsence of probablE!sufficient future taxable income nodefered taxassetlliability isrecognised for theQuarter ontemporary I":diff~erence-·sa-nd u-nab:sor-bed-los-s, -----:---------------------t (lvi Inviewofthematters stated intheprecePifiS not.e. ..--+-- a.ThefinanCialresults forthecurrent quarter ended 30June 2026 under review, forthequarter ended 31 March 2(')26and fortheyear ended 31MarCh,2026 have been prepared on anon·sping concernbasis. whereas tile corresponding quarter.ended 30June 2025was prepared onagoing Concernbasis. Aocordingly. the results forthecurrent quarter ended June 26 are not comparable with thatofthe corresponding quarter ended 30june 2.025. b. Inview ofthe matters staled inthe preceding note, the Company does not.hal/e any reportable operating segments asdefinedinIndAS lOB - OperatingSegments prescribed undertheCompanies (IndianAccounting Standards)Rules,2015.Accordingly, nosegment intormatton ispresentedIntheseflnanciat results. c.Duringthecurrentquarter,therewas.norevenuefromanycustomercontributing 10%ormoreoftheCompany's totalrevenue.Inthe correspondingquarterofthepreviousfinanCialyear,revenuefroma.singlecustomercontributing 10%ormoreoftheCompany'stotal revenueamountedtoU74.93 lakhs(netof taxes).However~119.36 LakhsoutofOtherOperating Revenue of~121.69 lakhsisfroma singlecustomer,holdingcomPany.(~NILoutof~0.28lakhsinthecorrespondingQuarterended30June.2025). d.• TheOtheroperatingrevenuerecognised duringthecurrentquarterrepresentsrevenuerealisedfromthesaleofinventoriesremaining afterthepermanentclosureoftheCompany's manufacturing operations. (v) Exceptionalexpenditurefortheprevious financialyear representstheclosurecompensation paidtoemployees pursuanttothepermanent closureOfthemMufacluring,operaUons. inaccordancewiththeapplicableprovisionsonhe Industrial RelationsCode.2020. (vi) Figurestorthe3monthsended 31st March2026 asreportedinthisUn-auditedfinancial results atethe balancing ligures between audited figuresinrespectorthe fullfinancialyearandthepublishedyeartodatefiguresupto thethirdquarter ofthe previous financialyear.Alsothe figures uplo theend of thethird quarter of previous financial year hadonly been reviewed by the st!ltutory auditors and notsubjected to audit (vii) The unaudited finandaJ results ar~ prepared in accordance with the Indian Accounting Standards 34 "Interim Financial Reporting" as prescribedunderSection 133oftheCompanies Act.2013, readWithRule3oftheCompanies (IndianAccounting Standards) Rules,2015 ( asamended). Place;Ahmedabad Dale: 05108/2026 RAJAN R.HARIVALLABHDAS Chairman Asperourreportattachedofevendate DIN:00014265 CAr Phone: 22236783/4 'L' Block. Unity Buildings, J.e. Road, BANGALORE - 560 002 E-mail audit@dagliya.com CHARTERED ACCOUNTANTS INDIA tax@dagliya.com Limited Review Report on unaudited financial results of Weicast Steels Limited for the Quarter ended 30 June 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors of Welcast Steels Limited Ahmedabad Limited ReviewReport 1. We have reviewed the accompanying statement of unaudited [Showing first 8,000 characters — download PDF for full document]