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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Steelco Gujarat Ltd

Steelco Gujarat Q2 FY27 Unaudited Standalone Results and MD Remuneration

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 04 Nov 2026, 07:52 PM IST  ·  BSE ID: 911a5714-9e72-4b04-bb10-c5f8d4cff847
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its Q2 FY27 financial results, showing a loss, and proposed an increase in its Managing Director's salary.
🤖 AI Summary
  • Board approved Unaudited Standalone Financial Results for Q2 FY27 (quarter and half year ended 30 September 2026).
  • Revenue from operations for the half year ended 30 September 2026 stood at Rs. 1,331.68 Lakhs.
  • Net loss for the quarter ended 30 September 2026 was reported at Rs. (629.61) Lakhs.
  • Revision/increase in remuneration for MD Mr. Anoop Kumar Saxena effective 01 October 2026 requires shareholder approval.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
Rs. 618.13 Lakhs
Net Profit/(Loss) for the period (Q2 FY27)
Rs. (629.61) Lakhs
Revenue from Operations (Half Year Ended 30 September 2026)
Rs. 1,331.68 Lakhs
Net Profit/(Loss) for the period (Half Year Ended 30 September 2026)
Rs. (1,225.15) Lakhs
Total Assets (As at 30 September 2026)
Rs. 25,986.85 Lakhs
Other Equity (As at 30 September 2026)
Rs. (1,868.47) Lakhs
🏢 How This Affects the Company
💰
Financial Impact
The company reported a net loss of Rs. (629.61) Lakhs for the quarter and Rs. (1,225.15) Lakhs for the half year ended 30 September 2026. Total Assets increased to Rs. 25,986.85 Lakhs as of 30 September 2026 from Rs. 24,769.26 Lakhs as of 31 March 2026.
⚠️
Risk Impact
The negative 'Other Equity' of Rs. (1,868.47) Lakhs as of 30 September 2026 indicates continued accumulated losses, presenting a financial stability concern.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must vote on the proposed revision in remuneration for Mr. Anoop Kumar Saxena in the ensuing General Meeting.
👤
Who Is Affected
All shareholders will be affected by the company's financial performance, particularly the ongoing net losses. The decision on MD remuneration affects all shareholders through its potential impact on governance and cost structure.
🔍
Management Signal
The Board's approval of the unaudited results indicates transparency in financial reporting. The proposal to revise MD remuneration, subject to shareholder approval, signals management's intent regarding executive compensation.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Shareholder meeting results for MD remuneration approval.
Q3 FY27 financial results for operational performance update.
Cash flow statement details for half year ended 31 March 2027.
HIGH RISK The company's sustained net losses and negative 'Other Equity' indicate significant financial instability.
💡 Investor Takeaway
Steelco Gujarat Ltd reported a net loss of Rs. (629.61) Lakhs for Q2 FY27 and revenue from operations of Rs. 618.13 Lakhs for the quarter. For the half year ended 30 September 2026, net loss was Rs. (1,225.15) Lakhs on revenue of Rs. 1,331.68 Lakhs. The Board considered an MD remuneration revision, pending shareholder approval.
⚖️ Strengths & Concerns

✅ Positives

  • Total Assets increased to Rs. 25,986.85 Lakhs as of 30 September 2026 from Rs. 24,769.26 Lakhs as of 31 March 2026.
  • Cash and cash equivalents grew to Rs. 325.16 Lakhs as of 30 September 2026 from Rs. 117.04 Lakhs as of 31 March 2026.

⚠️ Concerns

  • Company reported a net loss of Rs. (629.61) Lakhs for Q2 FY27 and Rs. (1,225.15) Lakhs for the half year ended 30 September 2026.
  • Other Equity remains negative at Rs. (1,868.47) Lakhs as of 30 September 2026, indicating sustained accumulated losses.
📅 Company Track Record
Steelco Gujarat Ltd reported a net loss of Rs. (3,727.19) Lakhs for the full FY26 and Net Worth of Rs. (7,797.02) crore (note unit difference in historical filing) as per its previous results filing on 2026-05-26. The current Q2 FY27 results show continued losses.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Steelco Gujarat's net loss in Q2 FY27?
Steelco Gujarat Ltd reported a net loss of Rs. (629.61) Lakhs for the quarter ended 30 September 2026 (Q2 FY27).
What was Steelco Gujarat's revenue from operations for the half year ended 30 September 2026?
Revenue from operations for Steelco Gujarat Ltd for the half year ended 30 September 2026 was Rs. 1,331.68 Lakhs.
What is the status of Mr. Anoop Kumar Saxena's remuneration revision at Steelco Gujarat?
The Board approved a revision/increase in remuneration for Mr. Anoop Kumar Saxena as Managing Director, effective 01 October 2026, subject to approval from shareholders.
What were Steelco Gujarat's total assets as of 30 September 2026?
As of 30 September 2026, Steelco Gujarat Ltd's Total Assets stood at Rs. 25,986.85 Lakhs.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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