Panchmahal Steel News

Panchmahal Steel CFO Nilesh Shah Resigns

Panchmahal Steel Limited announces resignation of Chief Financial Officer Mr. Nilesh Shah effective March 5, 2026, citing personal reasons. Company initiates search for replacement CFO.

Panchmahal Steel Q3 FY26 Results Announced

Panchmahal Steel Limited reported Q3 FY26 net profit of ₹122.53 lakhs versus ₹166.14 lakhs in Q3 FY25, with revenue at ₹9,810.57 lakhs. Nine-month period shows loss of ₹14.46 lakhs.

Panchmahal Steel Faces Tax Appeals Worth Rs 14.74 Crore at Gujarat High Court

Panchmahal Steel Limited received two appeal notices from Gujarat High Court for Tax Appeal No. 739 and Tax Appeal No. 656, filed by Commissioner of CGST Central Excise, Vadodara-II Commissionerate challenging CESTAT's favorable order. The appeals involve disputes over disallowance of CENVAT Credit on raw materials with total claims of Rs 8.41 crore and Rs 6.33 crore respectively, though the company expects favorable outcomes based on similar case judgements.

Panchmahal Steel Reports 67% Drop in Q2 Net Profit to 6M Rupees

Panchmahal Steel reported a net profit of 6 million rupees for Q2, down from 18 million rupees in the same quarter last year, representing a 67% decline. The company's revenue also decreased to 926 million rupees compared to 990 million rupees in the previous year's corresponding quarter, marking a 6.5% year-on-year decline.