Nova Iron & Steel declares Audited Financial Results for FY26
Nova Iron & Steel Ltd announced that its Board of Directors, in a meeting held on September 9, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The company also resolved to apply for an extension to hold its 34th Annual General Meeting for the financial year ended March 31, 2026. The Board meeting commenced at 4:00 PM and concluded at 6:45 PM. An independent auditor's report on the standalone financial results was also presented, highlighting a qualified opinion due to several issues including non-compliance with SEBI (LODR) Regulations regarding disposal of charged assets, lack of balance confirmations for trade receivables and payables, and insufficient information for measuring security deposits and unsecured borrowings.
Key Highlights
- Board approved audited financial results for Q4 and FY ended March 31, 2026.
- Application to be made for extension of time for 34th AGM.
- Auditor issued a qualified opinion on standalone financial results.
- Issues cited include asset disposal compliance and lack of confirmations.
Price Impact
More from NOVIS