Integrated Filing — IndAS



General information about company

Scrip Code 544204
NSE Symbol VRAJ
MSEI Symbol NOTLISTED
ISIN INE0S2V01010
Name of company VRAJ IRON AND STEEL LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 12-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment The Company is in the business of manufacturing of steel products and hence has only one reportable operating segment as per Ind AS 108 operating Segment.
Start date and time of board meeting 12-02-2026   15:30:00
End date and time of board meeting 12-02-2026   16:18:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no default in loans and Debt Securities by the Company as on reporting date.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 14,642.80 41,771.60
Other income 219.70 622.40
Total income 14,862.50 42,394.00
2 Expenses
(a) Cost of materials consumed 11,087.90 33,478.30
(b) Purchases of stock-in-trade 0.00 13.90
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,233.90 (443.40)
(d) Employee benefit expense 378.50 1,064.10
(e) Finance costs 68.40 130.40
(f) Depreciation, depletion and amortisation expense 544.00 1,590.60
(f) Other Expenses
1 Other Expenses 1,424.80 4,476.70
Total other expenses 1,424.80 4,476.70
Total expenses 14,737.50 40,310.60
3 Total profit before exceptional items and tax 125.00 2,083.40
4 Exceptional items 0.00 0.00
5 Total profit before tax 125.00 2,083.40
6 Tax expense
7 Current tax (111.90) 336.90
8 Deferred tax 137.20 196.00
9 Total tax expenses 25.30 532.90
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 99.70 1,550.50
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 99.70 1,550.50
17 Other comprehensive income net of taxes 0.00 72.50
18 Total Comprehensive Income for the period 99.70 1,623.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 3,298.30 3,298.30
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.3 4.7
Diluted earnings (loss) per share from continuing operations 0.3 4.7
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.3 4.7
Diluted earnings (loss) per share from continuing and discontinued operations 0.3 4.7
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The financial results of the company for the quarter and nine month ended 31st December, 2025 have been reviewed by the Audit Committee and Approved by the Board of Directors at their respective meetings held on 12th February, 2026 and the Limited Review of the same has been carried out by the Statutory Auditor. 2. The financial results have been prepared in accordance with Indian Accounting Standard (IND AS) notified under section 133 of the companies Act, 2013, read together with relevant rules issued there under and other accounting principles generally accepted in India. 3. The Company is in the business of manufacturing of steel products and hence has only one reportable operating segment as per Ind AS 108 operating Segment. Therefore, the segment wise reporting is not required 4. The figures for the quarter ended 31st December, 2025 are the balancing figures between the unaudited figures upto the nine months ended 31st December, 2025 and reviewed published figures of six months ended September 30, 2025. The figures for the quarter ended 31st December, 2024 are the balancing figures between the unaudited figures upto the nine months ended 31st December, 2024 and reviewed published figures of six months ended September 30, 2024. 5. During the quarter, the solar plant of 15 MW has been capitalized, leading to a higher depreciation charge under income tax Act. As a result, the provision for taxation for the quarter appears negative due to the increased depreciation. 6. The figures for the corresponding previous period have been regrouped/rearranged wherever found necessary. 7. The above results are also available on www.vrajtmt.in,www.bseindia.com and www.nseindia.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit obligation 0.00 0.00
2 Income Tax credit/(expense) for defined benefit obligation 0.00 0.00
3 Fair Valuation of investment in Equity Shares through OCI 0.00 84.60
4 Income Tax credit/(expense) for Revaluation of investments 0.00 (12.10)
5 Share of Other Comprehensive Income in associates 0.00 0.00
Total Amount of items that will not be reclassified to profit and loss 0.00 72.50
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.00 72.50





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 01-07-2024
Amount Raised 17,100.00
Report filed for Quarter ended 31-12-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Prepayment or repayment of term loan borrowings availed by our Company NA 7,000.00 0.00 7,000.00 0.00
2 Capital expenditure towards the “Expansion Project” at Bilaspur Plant NA 5,950.00 0.00 5,925.00 0.00
3 General corporate purposes NA 2,280.00 0.00 2,310.00 0.00 Out of Rs.187 million of projected IPO issue expense as per Prospectus, the company has actually spent IPO expense of Rs. 184 million. The balance amount of Rs. 3 million has been utilized for General Corporate Purpose (GCP) which is in line with prospectus.
4 IPO Issue Expense NA 1,870.00 0.00 1,840.00 0.00 Out of Rs.187 million of projected IPO issue expense as per Prospectus, the company has actually spent IPO expense of Rs. 184 million. The balance amount of Rs. 3 million has been utilized for General Corporate Purpose (GCP) which is in line with prospectus.


Signatory Details

Name of signatory Priya Namdeo
Designation of person Company Secretary and Compliance Officer
Place Raipur
Date 12-02-2026