Shree Narmada Aluminium Industries Ltd

Shree Narmada Aluminium Industries Ltd has announced the closure of its trading window for dealing in the company's securities. The window will be shut from July 1, 2026, and will reopen 48 hours after the conclusion of a board meeting. This meeting is scheduled to approve the unaudited financial results for the quarter ending June 30, 2026. The exact date of the board meeting will be communicated in due course. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

Shree Narmada Alumunium Industries Limited's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting on May 28, 2026. The statutory auditors, SVH & Associates, issued a qualified opinion on these results. The qualification is due to the company being a sick entity with its net worth fully eroded. Despite management's view that the going concern assumption is sustainable, the auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern, noting this was not adequately disclosed in the financial results.

Shree Narmada Aluminium Industries Limited's Board of Directors met on May 28, 2026, and approved the Audited Financial Results for the quarter and year ended March 31, 2026. The Statutory Auditors, SVH & Associates, issued a Qualified Opinion on these results. The qualification stems from a material uncertainty regarding the company's ability to continue as a going concern, despite management's assertion of sustainability. The auditors highlighted that the company is a sick company with its net worth fully eroded, and the financial results do not adequately disclose this critical matter. This comes after the Gujarat High Court and Supreme Court orders related to a Scheme of Arrangement, leading to the company obtaining possession of its Bharuch factory premises.

Shree Narmada Aluminium Industries Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited financial results for the quarter/year ended March 31, 2026. The meeting will take place at 2.30 P.M at 69, Princess Street, Mumbai. The trading window has been closed from April 1, 2026, until 48 hours post the board meeting outcome.

Shree Narmada Aluminium Industries Ltd, in accordance with Regulation 31 (4) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011, has disclosed that there have been no encumbrances on the company's equity shares during the financial year 2025-2026. This disclosure was made by Mr. Kantilal Bhuralal Patel, a promoter of the company, on behalf of the promoter and promoter group.

Shree Narmada Aluminium Industries Ltd has announced that the trading window for dealing in securities of the company will be closed from Wednesday, 1st April 2026. This closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's Code of Conduct. The trading window will be reopened after 48 hours of the conclusion of the Board meeting where the audited financial results for the quarter/year ended 31st March 2026 will be approved. The date of the Board Meeting is yet to be intimated.

Shree Narmada Aluminium Industries Ltd has received an unmodified opinion in the Limited Review Report issued by SVH & Associates, Chartered Accountant, Mumbai for the quarter ended December 31, 2025. The company was previously under proceedings pursuant to the Sick Industrial Companies Act, 1985, but a compromise scheme was approved by the Honourable High Court of Gujarat in 2008, which has been implemented. The company's factory premises have been obtained and the management believes that going concern is sustainable, hence the accounts have been prepared on a going concern basis.

Shree Narmada Aluminium Industries Ltd held a Board of Directors meeting on February 12, 2026, where they considered and approved the unaudited financial results for the quarter ended December 31, 2025. The company's Management and Board of Directors prepared the statement in accordance with Ind AS 34, Companies Act 2013, and other accounting principles generally accepted in India. SVH & Associates, the independent auditors, conducted a review engagement and expressed a conclusion on the statement.

Shree Narmada Aluminium Industries Ltd has announced that its Board of Directors will meet on February 12, 2026, to consider and approve the unaudited financial results for the quarter ended December 31, 2025. The meeting will also take on record the limited review report. In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company has been closed from January 1, 2026, till 48 hours post the announcement of the board meeting's outcome.