| Scrip Code | 532650 |
|---|---|
| NSE Symbol | MSPL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE752G01015 |
| Name of company | MSP STEEL & POWER 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 | 30-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 27-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturing |
| Start date and time of board meeting | 30-05-2026 15:00:00 |
| End date and time of board meeting | 30-05-2026 20:30:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 81,631.85 | 2,84,296.43 | |
| Other income | 123.92 | 307.63 | |
| Total income | 81,755.77 | 2,84,604.06 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 61,226.43 | 2,22,890.44 |
| (b) | Purchases of stock-in-trade | 95.96 | 452.36 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 746.10 | (673.85) |
| (d) | Employee benefit expense | 2,237.87 | 8,770.33 |
| (e) | Finance costs | 1,674.51 | 4,761.66 |
| (f) | Depreciation, depletion and amortisation expense | 1,396.38 | 5,518.08 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 9,578.98 | 35,092.15 |
| Total other expenses | 9,578.98 | 35,092.15 | |
| Total expenses | 76,956.23 | 2,76,811.17 | |
| 3 | Total profit before exceptional items and tax | 4,799.54 | 7,792.89 |
| 4 | Exceptional items | 0.00 | (10,163.30) |
| 5 | Total profit before tax | 4,799.54 | (2,370.41) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | (3,718.90) | (5,742.48) |
| 9 | Total tax expenses | (3,718.90) | (5,742.48) |
| 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 | 8,518.44 | 3,372.07 |
| 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 | 1.21 | 5.03 |
| 16 | Total profit (loss) for period | 8,519.65 | 3,377.10 |
| 17 | Other comprehensive income net of taxes | 141.15 | 191.80 |
| 18 | Total Comprehensive Income for the period | 8,660.80 | 3,568.90 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 8,519.56 | 3,377.39 | |
| Total profit or loss, attributable to non-controlling interests | 0.08 | (0.29) | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 8,660.70 | 3,569.19 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.08 | (0.29) | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 56,679.66 | 56,679.66 | |
| Face value of equity share capital | 10 | 10 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 46,341.57 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 1.5 | 0.6 | |
| Diluted earnings (loss) per share from continuing operations | 1.42 | 0.56 | |
| 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 | 1.5 | 0.6 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 1.42 | 0.56 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Assets | |||
| 1 | Non-current assets | ||
| Property, plant and equipment | 78,111.31 | ||
| Capital work-in-progress | 1,815.25 | ||
| Investment property | 978.66 | ||
| Goodwill | 1.00 | ||
| Other intangible assets | 171.38 | ||
| Intangible assets under development | 93.27 | ||
| Biological assets other than bearer plants | |||
| Investments accounted for using equity method | |||
| Non-current financial assets | |||
| Non-current investments | 4,880.79 | ||
| Trade receivables, non-current | |||
| Loans, non-current | 0.00 | ||
| Other non-current financial assets | |||
| 1 | Other Financial Assets | 1,024.84 | |
| Total of other non-current financial assets | 1,024.84 | ||
| Total non-current financial assets | 5,905.63 | ||
| Deferred tax assets (net) | 5,226.71 | ||
| Other non-current assets | |||
| 1 | Other Non Current Assets | 9.43 | |
| Total of other non-current assets | 9.43 | ||
| Total non-current assets | 92,312.64 | ||
| 2 | Current assets | ||
| Inventories | 58,562.90 | ||
| Current financial asset | |||
| Current investments | 0.00 | ||
| Trade receivables, current | 8,623.14 | ||
| Cash and cash equivalents | 449.24 | ||
| Bank balance other than cash and cash equivalents | 2,434.96 | ||
| Loans, current | 0.00 | ||
| Other current financial assets | |||
| Total of other current financial assets | 16.64 | ||
| Total current financial assets | 11,523.98 | ||
| Current tax assets (net) | 245.70 | ||
| Other current assets | |||
| 1 | Other Current Assets | 10,111.51 | |
| Total of other current assets | 10,111.51 | ||
| Total current assets | 80,444.09 | ||
| 3 | Non-current assets classified as held for sale | 0.00 | |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 | |
| Total assets | 1,72,756.73 | ||
| Equity and liabilities | |||
| 1 | Equity | ||
| Equity attributable to owners of parent | |||
| Equity share capital | 56,679.66 | ||
| Other equity | 46,341.57 | ||
| Total equity attributable to owners of parent | 1,03,021.23 | ||
| Non controlling interest | 28.47 | ||
| Total equity | 1,03,049.70 | ||
| 2 | Liabilities | ||
| Non-current liabilities | |||
| Non-current financial liabilities | |||
| Borrowings, non-current | 76.22 | ||
| Trade payables, non-current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | |||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | |||
| Total Trade payable | |||
| Other non-current financial liabilities | |||
| 1 | Lease Liabilities | 770.88 | |
| Total of other non-current financial liabilities | 770.88 | ||
| Total non-current financial liabilities | 847.10 | ||
| Provisions, non-current | 373.59 | ||
| Deferred tax liabilities (net) | |||
| Deferred government grants, Non-current | |||
| Other non-current liabilities | |||
| Total of other non-current liabilities | |||
| Total non-current liabilities | 1,220.69 | ||
| Current liabilities | |||
| Current financial liabilities | |||
| Borrowings, current | 31,015.02 | ||
| Trade payables, current | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 2,204.69 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 30,184.03 | ||
| Total Trade payable | 32,388.72 | ||
| Other current financial liabilities | |||
| 1 | Lease Liabilities | 257.24 | |
| 2 | Other Financial Liabilities | 1,699.23 | |
| Total of other current financial liabilities | 1,956.47 | ||
| Total current financial liabilities | 65,360.21 | ||
| Other current liabilities | 3,106.53 | ||
| 1 | Other Current Liabilities | 3,106.53 | |
| Total of other current liabilities | 3,106.53 | ||
| Provisions, current | 19.60 | ||
| Current tax liabilities (Net) | |||
| Deferred government grants, Current | |||
| Total current liabilities | 68,486.34 | ||
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | ||
| 4 | Regulatory deferral account credit balances and related deferred tax liability | ||
| Total liabilities | 69,707.03 | ||
| Total equity and liabilites | 1,72,756.73 | ||
| Disclosure of notes on assets and liabilities | Textual Information(1) | ||
| Textual Information(1) | Notes to Statement of audited Consolidated Financial Results for the quarter and year ended 31st March,2026 3 The above audited Consolidated Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 30, 2026.The Statutory Auditors have audited the above consolidated financial results. 4 These financial results of MSP Steel & Power Limited (“the Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), and its share of the net profit/(loss) after tax and total comprehensive income of its joint venture ,have been prepared in accordance with Indian Accounting Standards (Ind AS), prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rule, 2015 and relevant amendments thereafter. 5 As the Group's business activity falls within a single significant primary business segment i.e. Manufacturing/Trading of Iron & Steel Products, no separate segment information is disclosed. These, in the context of Ind AS 108 on Operating Segments are considered to constitute one segment and hence, the Company has not made any additional segment disclosures. 6 During the financial year 2025-26, the Holding Company has discharged all its obligations under the restructuring arrangement with the consortium of banks including payment of the final Right of Recompense (RoR) amount of Rs.10,163.30 lakhs. The same has been disclosed under Exceptional Items. Based on the meeting of the Consortium Member Banks held on 19th February 2026, the consortium unanimously agreed that the Company’s all restructuring conditions stand fulfilled. 7 On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Holding Company has assessed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India and disclosed the incremental impact under Employee Benefits Expense. The impact for the same is immaterial. The Holding Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effects on the basis of such developments as needed. 8 During FY 2024-25, the Holding Company had claimed deduction under Section 43B of the Income-tax Act, 1961, in respect of interest liabilities aggregating to Rs. 18,823.26 lakhs, which were suo moto not claimed under Section 43B in earlier years. The claim has arisen consequent to the conversion of Optionally Convertible Debentures (OCDs) into equity shares during FY 2024-25, pursuant to which the underlying interest liability is considered to have been extinguished. Based on an independent tax opinion obtained from a reputed firm by the management, the Holding Company has concluded that the aforesaid amount represents an unused tax benefit available for set-off against future taxable profits in accordance with the provisions of the Income-tax Act, 1961 and the recognition and measurement principles prescribed under Ind AS 12 – Income Taxes. Accordingly, the Holding Company has recognized a Deferred Tax Asset of Rs. 4,737.37 lakhs in respect of the aforesaid unused tax benefit, considering that it is probable that sufficient future taxable profits will be available against which such benefit can be utilized. 9 The Board of Directors, at its meeting held on November 14th, 2025, approved the issuance of up to 2,80,00,000 equity share warrants of face value Rs.10 each on a preferential basis to promoter company, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations), which was subsequently approved by the shareholders at the extra-ordinary general meeting held on December 12th, 2025. Each warrant is convertible into one fully paid-up equity share at an issue price of Rs.35 per warrant (including premium of Rs.25), aggregating to Rs. 9800.00 lakhs, assuming full conversion. On March 14th, 2026, the Company allotted 2,80,00,000 warrants and received 25% of the issue price (Rs. 2450.00 lakhs) as upfront consideration. The balance 75% is payable upon conversion within 18 months, failing which the warrants shall lapse, and the upfront amount shall be forfeited. The issue and resulting equity shares are subject to applicable provisions of the SEBI ICDR Regulations, the Companies Act, 2013 and other applicable laws. 10 The figures for the quarter ended March 31, 2026 and the corresponding quarter ended in the previous year as reported in the Statement are the balancing figures between audited figures in respect of the full financial year and the year to date figures upto the end of the third quarter of the current and previous financial year respectively. 11 Figures for the previous periods have been regrouped and reclassified to conform to the classification of the current period, wherever considered necessary. |
|---|
| 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 | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 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 | |||||||
| 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 | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit or loss | 166.15 | 260.49 |
| Total Amount of items that will not be reclassified to profit and loss | 166.15 | 260.49 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 25.00 | 68.69 |
| 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 | ||
| 5 | Total Other comprehensive income | 141.15 | 191.80 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 31-03-2026 | ||||
| C | Whether results are audited or unaudited | Audited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | (2,370.41) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 4,761.66 | |||||
| Adjustments for decrease (increase) in inventories | (11,124.18) | |||||
| Adjustments for decrease (increase) in trade receivables, current | (2,233.73) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | 9,205.22 | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 5,518.08 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 38.94 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | 162.34 | |||||
| Adjustments for dividend income | 0.00 | |||||
| Adjustments for interest income | 277.96 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 6,050.37 | |||||
| Net cash flows from (used in) operations | 3,679.96 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | (959.01) | |||||
| Other inflows (outflows) of cash | 10,179.86 | |||||
| Net cash flows from (used in) operating activities | 14,818.83 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 28.00 | |||||
| Purchase of property, plant and equipment | 5,939.24 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 0.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 0.00 | |||||
| Interest received | 195.32 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (46.85) | |||||
| Net cash flows from (used in) investing activities | (5,762.77) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 0.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 2,450.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 6,460.59 | |||||
| Repayments of borrowings | 1,823.31 | |||||
| Payments of lease liabilities | 271.42 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 5,663.79 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (10,163.30) | |||||
| Net cash flows from (used in) financing activities | (9,011.23) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 44.83 | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |||||
| Net increase (decrease) in cash and cash equivalents | 44.83 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 404.41 | |||||
| Cash and cash equivalents cash flow statement at end of period | 449.24 | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | Singhi & Co | Yes | 31-08-2028 | ||
|---|---|---|---|---|---|