StockWatch
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Iron & Steel Products
Board Meeting13 Aug 2026, 07:20 pm

Steelco Gujarat Board Approves Unaudited Q1 FY27 Results, Appoints New Auditors

AI Summary

Steelco Gujarat Ltd announced the outcome of its Board Meeting held on August 13, 2026. The board approved the Unaudited Standalone Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Report. Key decisions also included the resignation of M/s. M Sahu & Co. as Statutory Auditors, effective August 14, 2026, to comply with Debenture Trust Deed requirements. M/s. TR Chadha & Co. LLP has been appointed as the new Statutory Auditors until the next Annual General Meeting to fill the casual vacancy. Additionally, Mr. Sudeep Saxena was appointed as an Additional Director and Non-Executive Independent Director for a term of two years.

Key Highlights

  • Board approved Unaudited Standalone Financial Results for Q1 FY27.
  • Resignation of Statutory Auditors M/s. M Sahu & Co. accepted.
  • M/s. TR Chadha & Co. LLP appointed as new Statutory Auditors.
  • Mr. Sudeep Saxena appointed as Additional Director and Non-Executive Independent Director.
  • Auditor changes facilitate compliance with Debenture Trust Deed.