Sharda Ispat Ltd — Board Meeting, 30-05-2025: Board Meeting

Sharda Ispat Ltd.

Regd. Off.: Kamptee Road, Nagpur - 44 00 26

Tel.: 0712 - 2245156, 2245888, | Email: shardaispat.ngo@gmail.com

Website: www.shardaispat.com | CIN No.: L74210MH1960PLC011830

Date: 30.05.2025

To,

The Department of Corporate Services,

Bombay Stock Exchange Limited,

1st Floor New Trading Wing,

Rotunda Building, P.J.Towers,

Dalal Street Fort,

Mumbai -400001

SHARDA ISPAT LIMITED

Scrip Code: - 513548

Sub: - Outcome of the Board Meeting held on 30t» May, 2025.

Sir/ Madam,

This is with reference to our intimation dated May 21, 2025, we hereby inform you that:

1. The meeting of the Board of Directors of the Company was held on Friday, the 30" May,

2025.

2. The Board of Directors has considered and approved the following:

(i) The audited financial results (standalone) for the fourth quarter and year ended

on 31st March, 2025.

(ii) | The audited financial statement (standalone) for the financial year ended 31st

March 2025. |

The Statutory Auditors of the Company, M/s. Panpalia Taori & Co., have issued

auditors’ report with an unmodified opinion for the standalone results of the

Company for the financial year ended 31st March 2025.

A copy of the said results along with the Auditors’ report and declaration in

respect of Audit Report with Unmodified Opinion for the Annual Audited

Financial Results of the Company for the Year ended on 3ist March, 2025 is

enclosed herewith as Annexure-1.

The results are also being made available on the website of the Company at

www.shardaispat.com.

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Son Sharda Ispat Ltd.

Regd. Off.: Kamptee Road, Nagpur - 44 00 26

Tel.: 0712 - 2245156, 2245888, | Email: shardaispat.ngp@gmail.com

Website: www.shardaispat.com | CIN No.: L74210MH1960PLC011830

(iii) | Re-appointed:

M/s. LNJ and Associates, Practicing Chartered Accountants as an Internal

Auditor of the Company for the financial year 2025-26.

The details required to be furnished pursuant to Regulation 30 of the Listing Regulations

read with the SEBI SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023 is

enclosed herewith as Annexure-2

The meeting started at 11:00 a.m. and concluded at 01:25 p.m.

You are requested to take the above on record and disseminate the same for the

information of the stakeholders.

Yours faithfully,

FOR SHARDA ISPAT LIMITED

AMIT B.MUNDADA

COMPANY SECRETARY

Encl: - As above

CC: 1.The Calcutta Stock Exchange Limited,

7, Lyons Range,

Kolkata-700001

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SHARDA ISPAT LIMITED., Kamptee Road Nagpur -440026

AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2025

(CIN : L74210MH1960PLC011830) Rs. In Lakhs

S. No. PARTICULARS QUARTER ENDED YEAR ENDED

31.03.2025 "31.12.2024 31.03.2024 31.03.2025 31.03.2024 (AUDITED) (UNAUDITED) (AUDITED) (AUDITED) (AUDITED)

1 {Income :

a) Revenue from operations 4,087.66 5,435.79 5,265.95 17,544.30 22,726.53

(refer Note 3 below) j ,

b) Other income 70.54 117.53 61.41 311.01 176.84

Total Income 4,158.20 5,553.32 5,327.36 17,855.31 22,903.37

2 |Expenses

a) Cost of raw materials consumed 3,581.10 3,766.51 4,074.99 14,323.32 17,952.00

b) Purchases of Stock in Trade 338.13 336.35 - 694.14 -

c) Changes in inventories of finished (566.58) 395.53 67.52 (619.89) 338.50

goods, work-in-progress & stock in

d) Employee benefits expense 65.80 77.01 57.94 286.52 276.43

e) Finance Cost 43.76 39.22 34.77 149.58 138.48

f) Depreciation and amortisation expenses 20.67 20.81 SF 34.03 34.99

g) Other expenses 534.79 497.58 579.97 1,917.48 2,236.11

Total expenses 4,017.66 5,133.02 4,836.36 16,835.19 21,026.50

3 {Profit (+)/Loss (-) from ordinary activities

before Exceptional items (1-2) 140.53 420.30 491.01 1,020.13 1,876.87

4 |Exceptional Items : 7 - - -

5 |Profit(+)/Loss(-) from Ordinary Activities

before tax (3+4) 140.53 420.30 491.01 1,020.13 1,876.87

6 |Tax expense

Current Tax (39.90)}. (107.20) (76.71) (264.25) (480.27)

Deferred Tax (0.19) (0.46) 4.20 2.68 0.64

7 {Net Profit(+)/Loss(-) from Ordinary Activities

aftertax (5-6) 100.44 312.64 418.49 758.55 1,397.24

8 {Extraordinary item : = - - -

9 |Net Profit(+)/Loss(-) after Taxes and

Extraordinary items (7-8) 100.44 312.64 418.49 758.55 1,397.24

10 |Other Comprehensive Income

fo that will not be reclassified to profit and (17.76) (5.33) (57.04) (11.64) Ben

11 |Total Comprehensive Income/(loss) (net of

tax) (9+10) 82.68 307.31 361.46 746.91 1,484.78

Paid-up Equity Share Capital

(Face value of Rs.10/- each) 507.68 507.68 507.68 507.68 507.68

Earning Per Share (EPS) (In >)

- Basic and diluted EPS before & after 1.98 6.16 8.24 14.94 27.52

extraordinary items for the period and for the

previous periods (not annualized)

Note:

1 The above financial results were reviewed and recommended by the Audit Committee and were approved by the Board of

Directors in its meeting held on 30-05-2025.

2 The figures for the quarter ended 31st March 2025 and 31st March 2024 are the balancing figure between the audited figures in

respect of the full financial year and the published year to date figures upto third quarter of the relevant financial year.

3 The Financial Results of the company have been prepared in accordance with the Indian Accounting Standard (IND AS) as

prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standard) Rules, 2015 as

amended.

4 The company operates in one segment only i.e. iron and steel and therefore Indian Accounting Standard (Ind AS) 108-operating

segment is not applicable.

5 Previous period figures have been regrouped / reclassified, wherever necessary, to make them comparable with current period

figures.

For & and of behalf of Board of Directors

Place : Nagpur N.K. Sarda

Date: 30.05.2025 Chairman & Managing Director

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Statement of Assets and Liabilities as on March 31, 2025 is given below:

Rs. In Lakhs

ASSETS Year Ended Year Ended

31.03.2025 31.03.2024

(Audited) (Audited) Non-current assets

;

Property, Plant & Equipment 195.36 237.82

Intangible assets = =

Financial assets = -

Investments 458.76 50.73

Other financial assets 3.64 61.04

Other non-current assets - -

Deferred tax Assets (Net) 3.64 -

Current Tax Assets 13.07 -

Total Non-Current Assets 674.47 349.60

Current Assets:

Inventories 2,161.88 2,695.58

Financial assets

Investments = =

Trade receivables 1,231.13 1,267.76

Cash and cash equivalents 132.83 117.50

Bank balances other than Cash and cash equivalents 84.34 29.88

Loans 4,937.45 2,912.82

Other financial assets 5.52 0.97

Other current assets 588.46 298.32

Total Current Assets 9,141.60 7,322.84

Total Assets 9,816.07 7,672.43

EQUITY AND LIABILITIES

Equity

Equity share capital 507.68 507.68

Other equity 5,407.03 4,660.12

Total Equity 5,914.71 5,167.80

Liabilities

Non-Current Liabilities

Financial Liabilities

Borrowings - -

Lease Liability - 0.36

Other Financial Liabilities - -

Provisions 15.61 17.42

Deferred Tax Liabilities (Net) - 1.87

Total Non-Current Liabilities 15.61 19.65

Current Liabilities

Financial Liabilities

Borrowings 3,463.99 2,111.88

Lease Liability 0.72 67.05

Trade payables £ =

- Due to MSME 6.04 0.69

- Due to Others 292.46 143.54

Other financial liabilities % 2

Other current liabilities - 80.63 76.99

Provisions 41.91 41.98

Current tax Liabilities (net) - 42.84

Total Current Liabilities 3,885.74 2,484.98

Total Equity and Liabilities 9,816.07 7,672.43

Place : Nagpur

Date: 30.05.2025

For & and of behalf of Board of Directors

. Sarda

Chairman & Managing Director

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SHARDA ISPAT LIMITED, NAGPUR.

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025

Particulars 31-03-2025 31-03-2024

Cash Flow From Operating Activities

Net Profit(Loss) before tax 1,020.13 1,876.87

Adjustments for:

i) Depreciation & Amortisation 84.03 84.99

ii) Remeasurement of net defined plan 4.91 4.36

iii) Interest Paid 149.58 138.48

iv) Interest Received (270.08) (155.49) .

v) Loss / (Profit) on redemption of Mutual Fund (0.21) (16.95)

vi) Profit on Fair valuation of Mutual Fund (1.15)

vi) Profit on Sale of Fixed Assets cs

vii) Interest Income on security deposit (0.29) -

viii) Provision for doubtful debts 1.24 -

ix) Dividend received (1.99) -

Operating Profit before Working Capital Changes : 987.32 1,931.09

Adjustments for:

i) Decrease/(Increase) in Trade & Other Receivables 35.40 (83.69)

ii) Decrease/(Increase) in Inventories 533.70 (1,525.15)

iii) ncrease/(Decrease) in Trade Payable & Other Liabilties 157.90 (16.18)

iv) Increase/(Decrease) in provision (1.88) 0.25

v) Decrease/(Increase) in other financial asset and other asset (290.32) 942.64

Cash Generation from Operations 1,422.12 1,248.97

Add: Taxes Paid (320.17) (505.42)

Net Cash from Operating Activities (A) 1,101.95 743.55

Cash Flow From Investing Activities

Purchase Of Fixed Assets (41.57) (13.40)

Sale of Fixed asset -

Purchase of Investment (445.51) (1,350.00)

Sale of Investment 18.32 2,392.16

Loan (given)/received back during the year (2,024.62) (2,099.27)

Dividend Received 1.99

Interest Received 268.94 155.49

(Investment)/ Redemption of Bank deposits (2.73)

Net Cash from Investing Activities (B) (2,222.46) (917.75)

Cash Flow From Financing Activities

Increase/(Decrease) in the Borrowings from Bank (482.84) (269.29)

Increase/(Decrease) in the Unsecured loan 1,834.94 634.64

Repayment of Lease obligation (71.58) (71.36)

Interest Paid (144.69) (125.52)

Net Cash from Financing Activities (C) 1,135.83 168.47

Net Increase/(Decrease) in Cash & Cash Equivalents A+B+C 15.33 (5.73)

Cash & Cash Equivalents at beginning of the year 117.50 123.22

Cash & Cash Equivalents at the year end 132.82 117.50

For & on behalf of the Board of Directors

(Nandkishore Sarda)

(Chairman cum Managing Director)

(DIN 00229911)

Nagpur

Dated:- 30/05/2025

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PANPALIYA TAORI & CO. Block No. 11, 2" Floor, Bajaj Wing,

‘CHARTERED ACCOUNTANTS Sa neues ae Sadar,

RITESH PANPALIYA B.Com., F.C.A., D.I.S.A. (ICAI) NX Tel. : 9623130595 (O), 9890601325

Website : ptcca.in

INDEPENDENT AUDITOR’S REPORT ON STANDALONE ANNUAL

FINANCIAL RESULTS OF SHARDA ISPAT- LIMITED PURSUANT TO

REGULATION 33 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE

REQUIREMENTS) REGULATIONS, 2015 (AS AMENDED)

To,

The Board of Directors of

Sharda Ispat Limited

Opinion

We have audited the accompanying standalone annual financial results (‘the statement’)

of Sharda Ispat Limited (‘the company’) for the year ended 31st March 2025, attached

herewith, being submitted by the company pursuant to the requirement of Regulation 33

of the SEBI (Listing Obligations and Disclosure Requiremients) Regulations,2015 as

amended ("Listing Regulations").

In our opinion and to the best of our information and according to the explanations given

to us, the statement:

i Is presented in accordance with the requirements of Regulation 33 of the Listing

Regulations; and

ii. give a true and fair view in conformity with the recognition and measurement

principles laid down in applicable Indian Accounting Standards (Ind AS) specified

unser section 133 of Companies Act, 2013 read with the Companies (Indian

Accounting Standards) Rules, 2015, and other accounting principles generally

accepted in India, of the standalone net profit after tax and other comprehensive

income and other financial information of the company for the year ended 31:

March 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified

under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under

those Standards are further described in the Auditor's Responsibilities for the Audit of the

Standalone Financial Results section of our report. We are independent of the Company in

accordance with the Code of Ethics issued by the Institute of Chartered Accountants of

India (“the ICAI") together with the ethical requirements that are relevant to our audit of

the Standalone financial results under the provisions of the Act and the Rules thereunder,

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requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained

by us is sufficient and appropriate to provide a basis for our audit opinion.

Management's Responsibilities for the Standalone Annual Financial Results

This statement has been prepared on the basis of the standalone annual financial statements

and has been approved by the Company's Board of Directors. The Company's Board of

Directors are responsible for the preparation of the Statement that gives a true and fair view

of the net profit and other comprehensive income and other financial information of the

Company in accordance with the Ind AS specified under Section 133 of the Act, read with

Companies (Indian Accounting Standards) Rules, 2015-and other accounting principles

generally accepted in India, and in compliance with Regulation 33 of the Listing Regulations.

This responsibility also includes maintenance of adequate accounting records in accordance

with the provisions of the Act for safeguarding of the assets of the Company and for

preventing and detecting frauds and other irregularities; selection and application of

appropriate accounting policies; making judgments and estimates that are reasonable and

prudent; and design, implementation and maintenance of adequate internal financial

controls that were operating effectively for ensuring the accuracy and completeness of the

accounting records, relevant to the preparation and presentation of the standalone financial

results that give a true and fair view and is free from material misstatement, whether due to

fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the

Company's ability to continue as a going concern, disclosing, as applicable, matters related

to going concern and using the going concern basis of accounting unless the Board of

Directors either intends to liquidate the Company or to cease operations, or has no

realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting

process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the statement as a whole is

free from material misstatement, whether due to fraud or error, and to issue an auditor's

report that includes our opinion. Reasonable assurance is a high level of assurance, but is not

a guarantee that an audit conducted in accordance with Standards of Auditing, specified u/s

143(10) of the Act, will always detect a material misstatement when it exists. Misstatements

can arise from fraud or error and are considered material if, individually or in the aggregate,

they could reasonably be expected to influence the economic decisions of users taken on the

basis of this Statement.

As part of an audit in accordance with Standards of Auditing, specified u/s 143(10) of the

Act, we exercise professional judgment and maintain professional skepticism throughout the

audit. We also:

1. Identify and assess the risks of material misstatement of the Statement, whether due to

fraud or error, design and perform audit procedures responsive to those risks, and obtain

audit evidence that is sufficient and appropriate to provide a basis for our opinion. The

risk of not detecting a material misstatement resulting from fraud is higher than for one

resulting from error, as fraud may involve collusion, forgery, intentional omissions,

misrepresentations, or the override of internal control.

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2. Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act,

we are also responsible for expressing our opinion on whether the company has in place

an adequate internal financial controls with reference to financial statements and the

operating effectiveness of such controls.

3. Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the Board of Directors.

4. Conclude on the appropriateness of the Board of Directors use of the going concern basis

of accounting and, based on the audit evidence obtained, whether a material uncertainty

exists related to events or conditions that may cast significant doubt on the ability of the

company to continue as a going concern. If we conclude that a material uncertainty exists,

we are required to draw attention in our auditors’ report to the related disclosures in the

Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions

are based on the audit evidence obtained up to the date of our auditors' report. However,

future events or conditions may cause the Company to cease to continue as a going

concern; and

5. Evaluate the overall presentation, structure and content of the Statement, including the

disclosures, and whether the Statement represent the underlying transactions and events

in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the

planned scope and timing of the audit and significant audit findings, including any significant

deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied

with relevant ethical requirements regarding independence, and to communicate with them

all relationships and other matters that may reasonably be thought to bear on our

independence, and where applicable, related safeguards.

Other Matter

The Statement includes the financial results for the quarter ended 31st March 2025, being

the balancing figure between the audited figures in respect of the full financial and the

published unaudited year to date figures up to the third quarter of the current financial year,

which were subjected to a limited review by us, as required under the Listing Regulations.

For PANPALIYA TAORI AND CO.

Chartered Accountants

FRN No. 125508W

Place: NAGPUR

Dated:30-05-2025

UDIN: 25115665BMKOHV7471

CA.RITESH PANPALIYA

Partner

Membership No.115665

Page 3 of 3

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Sharda Ispat Ltd.

Regd. Off.: Kamptee Road, Nagpur - 44 00 26

Tel.: 0712 - 2245156, 2245888, | Email: shardaispat.ngp@gmail.com

Website: www.shardaispat.com | CIN No.: L74210MH1960PLC011830

Date: 30.05.2025

To,

The Department of Corporate Services,

Bombay Stock Exchange Limited,

P.J.Towers, Dalal Street,

Mumbai-400001

Scrip Code:- 513548

Sub:- Submission of Declaration in respect of Audit Report with Unmodified Opinion for

the Annual Audited Financial Results for the Year ended on 31st March, 2025.

Ref:- Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements),

Regulations, 2015 read with Notification No. SEBI/LAD-NRO/ GN/ 2016-17/001

dated May 25, 2016 and Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016.

Sir/ Madam,

With reference to the captioned subject, we hereby declare that the Statutory Auditors of

the Company, M/s. Panpaliya Taori & Co., Chartered Accountants, have issued the Audit

Report with unmodified opinion on the Annual Audited Financial Results of the Company,

for the Financial Year ended March 31, 2025.

You are hereby requested to take the declaration on record.

Thanking You,

For Sharda Ispat Limited,

Nandkishore Sarda

(Chairman & Managing Director)

(DIN 00229911)

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Sharda Ispat Ltd.

Regd. Off.: Kamptee Road, Nagpur - 44 00 26

Annexure-1

Tel.: 0712 - 2245156, 2245888, | Email: shardaispat.ngo@gmail.com

Website: www.shardaispat.com | CIN No.: L74210MH1960PLC011830

Re-appointment of M/s. LNJ & Associates, Chartered Accountant, as an Internal Auditor of the

Company for the financial year 2025-26

Sr. Particulars Details

No.

1. | Reason for change viz. Appointment, Re-appointment for financial year 2025-26. . ios. ) feaeh ofl :

2. | Date of appointment/ re- May 30, 2025

appointment/cessatien (as applicable)

& term of appointment/re- Internal Auditor is re-appointed for the

appointment; financial year 2025-26.

3. | Brief Profile (in case of appointment); M/s LNJ & Associates is a reputed firm of

Chartered Accountants based out of Nagpur.

The firm was incorporated in December, 2012

and offers a wide range of professional services

in the field of Audits, Taxation, System and

Software implementation, Financial

Management, Project Financing, Costing,

Business policy Formation.

4. | Disclosure of relationships between

directors (in case of appointment of a

director)

None

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