Nilachal Refractories Board Approves Unaudited Q1 FY27 Results
Nilachal Refractories Limited announced that its Board of Directors, in a meeting held on August 14, 2026, considered and approved the unaudited financial results for the quarter ended June 30, 2026. Mr. Vimal Prakash has been authorized to sign these results. The company's auditor, JAIN SARAOGI & CO LLP, issued a limited review report highlighting certain matters, including the lack of actuarial valuation for employee benefits, non-redemption of preference shares with cumulative dividends amounting to ₹75.03 lakhs up to March 31, 2026, and ₹20.41 lakhs for the quarter ended June 30, 2026. Additionally, the auditor noted the classification of manufacturing assets as held for sale and the preparation of financial results on a going concern basis, with the company planning to shift focus to the ferro-alloys sector.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Director authorized to sign the financial results.
- Auditor noted issues with employee benefits and preference share redemption.
- Cumulative dividends on preference shares amount to ₹75.03 lakhs.
- Company plans to focus on the ferro-alloys sector.
Price Impact
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