BSEOthers1d ago · 18 Aug 2026, 09:28 pm
Please find enclosed the Integrated Annual Report for the Financial Year 2025-26 for the 9th Annual General Meeting of the Company
Sambhv Steel Tubes Ltd · 544430
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Sambhv Steel Tubes Ltd has released its Integrated Annual Report for the Financial Year 2025-26, ahead of the 9th Annual General Meeting. The report highlights the company's performance, key milestones, and future prospects. The report also includes forward-looking statements, which may be subject to risks and uncertainties.
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Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment7/10
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Sambhv Steel Tubes Ltd - 544430 - Reg. 34 (1) Annual Report.
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August 18, 2026
To, To,
Listing Compliance Department Listing Compliance Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street,
Bandra (East), Mumbai– 400051 Mumbai - 400 001
Symbol: SAMBHV Scrip Code: 544430
Sub: Annual Report of the Company for FY 2025-26 under Regulation 34(1) of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing
Regulations’)
Dear Sir / Madam,
Pursuant to the provisions of Regulation 34 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended from time to time, please find enclosed
herewith Annual Report of the Company, for the Financial Year 2025-26. Further, the Annual
Report of the Company for Financial Year 2025-26 is being sent through E-mail to all those
members of the Company whose E-mail IDs are registered with Company/Registrar and
Transfer Agent/ Depository Participants.
Further, in accordance with Regulation 36 (1) (b) of Listing Regulations, a letter containing the
web-link and path for accessing the Annual Report for Financial Year 2025-26 is being sent to
all those Members who have not registered their E-mail IDs with Company/Registrar and
Transfer Agent/ Depository Participants.
The same will be available on the Company’s website from the following link:
Link of Annual Report Sambhv Annual Report 2025-26
This is for your kind reference and records.
Thanking you,
For, Sambhv Steel Tubes Limited
Niraj Shrivastava
(Company Secretary and Compliance Officer)
Membership No. F8459
Encl: a/a
Contents
Corporate Overview
05 5 key messages
06 Corporate snapshot
10 Our ecosystem
14 Key milestones
Wherever you
16 Financial analysis
18 Chairman's message
22 Our vision are, you may
24 CFO review
28 The big picture never be far
30 Value creation
34 Business drivers:
from structural
34 Manufacturing
38 Procurement
tubes and
40 Marketing, sales and business development
44 Talent management
48 Risk management stainless steel.
50 Environment, Health and Safety (EHS)
56 Corporate Social Responsibility
59 Management Discussion and Analysis
Statutory Reports
Much of the modern world has been
69 Notice designed, built and supported around
80 Directors’ Report
structural tubes and stainless steel.
91 Corporate Governance Report
121 Secretarial Audit Report In the bridges we navigate. In the airports
we visit. In the factories that manufacture. In
Financial Statements
the stadiums we visit.
128 Standalone Financial Statements
Because structural tubes and stainless steel
203 Consolidated Financial Statements
facilitate an unusual convergence: strength,
endurance and aesthetics.
At Sambhv, we had foreseen the growing
importance of this segment of the steel
Forward-looking statement
industry when we went into business some
In this Annual Report, we have disclosed forward-looking information
decades ago.
to enable investors to comprehend our prospects and take informed
investment decisions. This report and other statements - written
We deepened our focus around a conviction:
and oral - that we periodically, ‘projects’, ‘intends’, ‘plans’, ‘believes’
and words of similar substance in connection with any discussion of as India builds better, taller and smarter, it
future performance. We cannot guarantee that these forward-looking
will consume more steel tubes than ever.
statements will be realised, although we make, contain forward-looking
statements that set out anticipated results based on the management’s
Making us future-prepared.
plans and assumptions. We have tried wherever possible to identify
such statements by using words such as ‘anticipates’, ‘estimates’, ‘expects’
believe we have been prudent in our assumptions. The achievement of
results is subject to risks, uncertainties and even inaccurate assumptions.
Should known or unknown risks or uncertainties materialise, or should
underlying assumptions prove inaccurate, actual results could vary
materially from those anticipated, estimated or projected. Readers
should bear this in mind. We undertake no obligation to publicly update Online Annual report
any forward-looking statements, whether as a result of new information, www.sambhv.com
future events or otherwise.
Corporate Overview Statutory Reports Financial Statements
Sambhv. Not
just another
commodity
steel
manufacturer
Shaping the future with modern
innovation
In a business often defined
by commodity economics,
Sambhv has built a
differentiated model.
This model has been
driven by integration, value
addition and operational
excellence.
This reality positions the
Company as a compelling
proxy for India’s long-
term infrastructure and
manufacturing growth
story.
02 | Sambhv Steel Tubes Limited Annual Report 2025-26 | 03
Corporate Overview Statutory Reports Financial Statements
5 ways we
strengthened
our business in
FY 2025-26
1 We extended beyond
capacity expansion towards
value addition
2 We ramped our premium
stainless steel segment
3 We built a fully
integrated single-location
manufacturing platform
4 We widened our market
presence across India
5 We created a business
foundation in line with our
Vision 2030 statements
04 | Sambhv Steel Tubes Limited Annual Report 2025-26 | 05
Corporate Overview Statutory Reports Financial Statements
Corporate snapshot
Sambhv Steel Tubes. Sambhv is one of a select fully
integrated, single-location
manufacturing facilities within
One of India’s select fully
its segment of the Indian steel
industry.
integrated secondary
The Company addresses the
route steel manufacturing
entire value chain: from iron ore
to finished pipes. This represents
platforms.
possibly the most extensive
value-addition within its space.
Transforming a basic
The Company’s combination
resource into a range of of scale, competitiveness,
customisation and
high-value steel products.
premiumisation make it one of
the most attractive proxies of
India’s rapidly growing structural
This model is helping
tubes and stainless steel
segments.
achieve two outcomes.
The Company is now
competently placed to service
Driving integration-led
the rapid growth coming out of
India’s infrastructure, construction,
efficiency.
automotive, and energy sectors.
Making it ready for the future.
Delivering quality
with scale.
06 | Sambhv Steel Tubes Limited Annual Report 2025-26 | 07
Corporate Overview Statutory Reports Financial Statements
Leadership Products portfolio Market presence
Our vision Our mission
Sambhv Steel Tubes Limited is led by Sarora: Sambhv’s integrated operations Sambhv has established an extensive
To continually set the benchmark Our mission is to lead the promoters Brijlal Goyal, Suresh Kumar encompass the entire manufacturing distribution network spanning 15 states
for excellence in the steel evolution of the steel industry Goyal, and Vikas Kumar Goyal, who value chain, producing intermediate and one Union Territory, supported by
collectively possess over 50 years of steel products like sponge iron, mild steel and over 47 distributors. These distributors
industry, pushing the boundaries through superior craftsmanship,
manufacturing experience. Their vision stainless-steel blooms/slabs, HR coils, and collectively catered to more than 1000
of innovation and quality. We are cutting-edge technology,
and expertise have played a pivotal role CR coils, coupled with finished products dealers, along with a wide network of
on a relentless pursuit to not just and a deep commitment to
in shaping the Company’s growth. (ERW black pipes, CRFH Pipes and Tubes retailers and fabricators across India.
meet, but exceed, the evolving sustainability. We aim to empower and steel door frame).
The leadership team has been The Company maintained a particularly
needs of the markets we serve, every segment we touch, building
strengthened by Bhavesh Khetan, Kuthrel: The Company widened its strong presence in States, including
driving progress with every a future where our steel is at the
Executive Director and Chief Operati
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