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NECO INDUSTRIES LIMITEDMain BoardEquity2025-04-012026-03-312026-04-242026-04-16INRLakhsQuarterlyFourth quarterMulti segment2026-04-2412:30:002026-04-2416:10:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-01-23https://www.necoindia.com/wp-content/uploads/2025/02/g.-Policy-on-Related-Party-Transactions-Last-Updated-on-23.01.2025.pdftrue1falseThe Company is not in default on loans and debt securities as on 31.03.2026.2026-01-012026-03-31AuditedStandalone1974240000046100000197885000006743600000169600000693600000952700000689500000747900000742690000017423800000236470000002364700000045600000045600000001908700000000019087000002340000019321000009709900000101.971.97001.971.97Notes: 1. In the earlier years, the Directorate of Enforcement (ED) by way of two separate orders had provisionally attached certain properties, plant and machinery at Dagori and Siltara for Rs. 30758 Lakhs for alleged misuse of coal of Gare Palma IV/4 coal block which got stayed by the PMLA Appellate Tribunal (AT). The Court of Special Judge, New Delhi (CBI Court), vide its order dated 19th March 2024, had discharged the Company, Mr Arvind Jayaswal and Mr Ramesh Jayaswal U/S 3 and 4 of the Prevention of Money Laundering Act 2002 (PMLA), holding that there was no offence of money laundering in the absence of any charge of cheating in securing the allocation of coal block. The Company had also filed a separate application for release of the attached properties before the CBI Court. The AT by its order dated 28th November 2024 allowed the Company’s appeals and set aside the Provisional Attachment orders. The ED had challenged the CBI Court order in the Honourable Supreme Court (SC) by filing a Special Leave Petition (SLP). While hearing the ED SLP, the SC had given oral directions to the Company not to press the application filed with CBI Court for release of the attached properties. Consequently, the Company gave an oral undertaking that it would not press for its early adjudication. <BR> <BR> 2. On 12th August, 2025 the Company had exercised Early Repayment Option Notice, for early redemption of the outstanding 320000 (Nos.) (Three Lakh Twenty Thousand) Non-Convertible Debentures (‘Earlier NCDs’). Accordingly, on 12th December 2025, the Company redeemed the Earlier NCDs aggregating to Rs. 227101 Lakhs from its internal accruals and out of the proceeds of fresh allotment of 12.50% p.a, 180000 (Nos.) (One Lakh Eighty Thousand) Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures having face value of Rs. 100000 each, aggregating to Rs. 180000 Lakhs (‘New NCDs’), on a private placement basis. The New NCDs are redeemable in 72 monthly instalments starting from 23rd December 2025. During the previous quarter, the Company had also availed Fund Based Working Capital Facilities amounting to Rs. 50000 Lakhs from a scheduled Bank which augmented the liquidity of the Company. <BR> As on 31st March, 2026 the Company has utilized the entire issue proceeds for the purpose for which it was raised. <BR> <BR> 3. Effective from 21st November 2025, the Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Codes. On the basis of best available information, the Company had assessed one-time incremental impact of Rs. 1004 Lakhs and disclosed as exceptional items during the previous quarter. The Company continues to monitor the finalisation of Central/State Government Rules and clarifications as gets available from the Government on the other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> <BR> 4. The Company jointly holds the equity share capital of “Maa Usha Urja Private Limited”, an associate company without having any beneficiary interest in those shares. Accordingly, the company is not required to prepare the Consolidated Financial Statements. <BR> <BR> 5.The figures for the corresponding previous period have been rearranged/regrouped wherever necessary, to make them comparable. The figures for the quarter ended 31st March 2026 and 31st March 2025 are the balancing figures between the audited figures of the full financial year and the limited reviewed year to date figures up to the third quarter of the respective financial year. <BR> <BR> 6.The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 24th April 2026. <BR> 2025-04-012026-03-31AuditedStandalone71318200000131300000714495000002650390000068820000070130000038737000004262200000300960000026275700000653146000006134900000-10040000060345000000140340000014034000000463110000000004631100000268000004657900000970990000010187015000004.774.77004.774.77Other Expenses7426900000Other Expenses26275700000316190000009387000003800000042210000023050000000192000000026778000002697000000359111000001395170000048000004690000000126080000014130000003900000482000007420700000354000000206390000023790300000597014000009709900000187037000002841360000028413600000131180000000009750000013215500000430000081380000001453000001417890000078488000004521000003790300000424240000026090000001470020000099840000014103000000017108900000003128780000059701400000Other non-current financial assets2677800000Other current financial assets48200000Other current assets2063900000Other non-current financial liabilities97500000Other non-current liabilities145300000Other current financial liabilities2609000000Other current liabilities998400000Steel18528600000Iron and Steel Castings1351700000Others0Steel66430100000Iron and Steel Castings5204300000Others10510000019880300000717395000001379000004213000001974240000071318200000Steel3048000000Iron and Steel Castings-18500000Others-1900000Steel10426200000Iron and Steel Castings105600000Others-5000003027600000105313000006895000004262200000-2660000013420000023647000006134900000Steel51850800000Iron and Steel Castings3040000000Others560000054896400000480500000059701400000Steel8123300000Iron and Steel Castings1004800000Others091281000002215970000031287800000Notes to Segment Information for the Quarter and Year Ended 31st March, 2026 : <BR> 1. As per Indian Accounting Standard 108 'Operating Segments', the chief operating decision maker of the Company has identified following reportable segments of its business: <BR> a. Steel Segment is engaged in manufacture and sale of Pellets, Pig Iron, Sponge Iron, Billets, Rolled Products and includes its captive powerplants at its units located at Siltara, Raipur and Mining activities in the state of Chhattisgarh and Maharashtra. <BR> b. Iron and Steel Castings Segment is engaged in manufacture and sale of Engineering, Construction and Automotive Castings with production facilities at Nagpur in Maharashtra and Anjora in Chhattisgarh. <BR> c. Other Segment comprises of trading of Coal & PVC pipes. <BR> d. Unallocated comprises of income, expenses, assets and liabilities which can not be directly identified to any of the above segments. <BR> 2. The Company has operations in India. There is no identified Geographical Segment.4262200000-1811000000-62410000000-100000000303030000000030096000000590000000014200000000000-95000000078775000001391200000000-105100000132500000013674400000000000001300000116150000002400000000000000000000005560000000-112860000000000001800000000047929000002889770000015000000043294000000-2393700000-12842900000-2971000000-29710000015579000001260800000Remeasurement Gain / (Loss) on Defined Benefit Plans3130000031300000Remeasurement Gain / (Loss) on Defined Benefit Plans3580000035800000790000090000002340000026800000Jayaswal Neco Industries Limited******Maa Usha Urja Private Limited******Associate CompanyAny other transactionNCDNil0-280877000-280877000Jayaswal Neco Industries Limited******The Jayaswal Basant Lal Shaw family trust******Other Related PartyAny other transactionSecurity Deposit2795000Nil28000027950003075000Jayaswal Neco Industries Limited******Mrs. Nisha Jayaswal******Relative of Key Management PersonnelAny other transactionSecurity Deposit2734000Nil027340002734000Jayaswal Neco Industries Limited******Mrs. Rita Jayaswal******Relative of Key Management PersonnelAny other transactionSecurity Deposit2734000Nil027340002734000Jayaswal Neco Industries Limited******Shri Arvind Jayaswal******Key Management PersonnelAny other transactionRent/ Lease RentNil0-640000Jayaswal Neco Industries Limited******Shri Ramesh Jayaswal******Key Management PersonnelAny other transactionRent/ Lease RentNil0-640000Jayaswal Neco Industries Limited******Neco Heavy Engineering and Castings Private Limited******Other Related PartyPurchase of goods or services450000000Nil1286670004452000-151090001. Note for the Value of RPT as approved by Audit Committee at column no. "K". The amount is combined for Sr. No. 7, 8 & 10. The limit of Rs. 4500 Lakhs is total aggregate limit for transactions specified in Sr. No. 7, 8 & 10. 2. Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 7, 8, 9 & 10 and shown in row no. 7 only.Jayaswal Neco Industries Limited******Neco Heavy Engineering and Castings Private Limited******Other Related PartyPurchase of goods or services450000000Nil546000001. Note for the Value of RPT as approved by Audit Committee at column no. "K". The amount is combined for Sr. No. 7, 8 & 10. The limit of Rs. 4500 Lakhs is total aggregate limit for transactions specified in Sr. No. 7, 8 & 10. 2. Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 7, 8, 9 & 10 and shown in row no. 7 only.Jayaswal Neco Industries Limited******Neco Heavy Engineering and Castings Private Limited******Other Related PartySale of goods or services330000000Nil58478000001. Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 7, 8, 9 & 10 and shown in row no. 7 only.Jayaswal Neco Industries Limited******Neco Heavy Engineering and Castings Private Limited******Other Related PartyAny other transactionMachining Charges450000000Nil429000001. Note for the Value of RPT as approved by Audit Committee at column no. "K". The amount is combined for Sr. No. 7, 8 & 10. The limit of Rs. 4500 Lakhs is total aggregate limit for transactions specified in Sr. No. 7, 8 & 10. 2. Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 7, 8, 9 & 10 and shown in row no. 7 only.Jayaswal Neco Industries Limited******Neco Mining Company Private Limited******Other Related PartyAny other transactionMining Contract3000000000Nil16350280000-192838000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 11 & 12 and shown in row no. 11 only.Jayaswal Neco Industries Limited******Neco Mining Company Private Limited******Other Related PartyAny other transactionReimbursement of Exp.to the companyNil58500000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 11 & 12 and shown in row no. 11 only.Jayaswal Neco Industries Limited******Maa Usha Urja Private Limited******Associate CompanyAny other transactionRent/Lease Rent32100000Nil32100000-7666000-7696000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 13 & 14 and shown in row no. 13 only.Jayaswal Neco Industries Limited******Maa Usha Urja Private Limited******Associate CompanyAny other transactionPower & Fuel20000000Nil853600000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 13 & 14 and shown in row no. 13 only.Jayaswal Neco Industries Limited******The Jayaswal Basant Lal Shaw family trust******Other Related PartyAny other transactionRent/Lease Rent5942000Nil594200000Jayaswal Neco Industries Limited******Mrs. Rita Jayaswal******Relative of Key Management PersonnelAny other transactionRent/Lease Rent2870000Nil287000000Jayaswal Neco Industries Limited******Mrs. Nisha Jayaswal******Relative of Key Management PersonnelAny other transactionRent/Lease Rent2870000Nil287000000Jayaswal Neco Industries Limited******NSSL Private Limited******Other Related PartyPurchase of goods or services2350000000Nil183099000-1797000-67760001. Note for the Value of RPT as approved by Audit Committee at column no. "K". The amount is combined for Sr. No. 18, 20 & 21. The limit of Rs. 23500 Lakhs is total aggregate limit for transactions specified in Sr. No. 18, 20 & 21. 2. Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 18, 19, 20 & 21 and shown in row no. 18 only.Jayaswal Neco Industries Limited******NSSL Private Limited******Other Related PartySale of goods or services2100000000Nil14616000000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 18, 19, 20 & 21 and shown in row no. 18 only.Jayaswal Neco Industries Limited******NSSL Private Limited******Other Related PartyAny other transactionMachining Charges2350000000Nil1988000001. Note for the Value of RPT as approved by Audit Committee at column no. "K". The amount is combined for Sr. No. 18, 20 & 21. The limit of Rs. 23500 Lakhs is total aggregate limit for transactions specified in Sr. No. 18, 20 & 21. 2. Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 18, 19, 20 & 21 and shown in row no. 18 only.Jayaswal Neco Industries Limited******NSSL Private Limited******Other Related PartyPurchase of goods or services2350000000Nil1608000001. Note for the Value of RPT as approved by Audit Committee at column no. "K". The amount is combined for Sr. No. 18, 20 & 21. The limit of Rs. 23500 Lakhs is total aggregate limit for transactions specified in Sr. No. 18, 20 & 21. 2. Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 18, 19, 20 & 21 and shown in row no. 18 only.Jayaswal Neco Industries Limited******Neco Defence Systems Private Limited******Other Related PartyAny other transactionOther transactionNil534000-70000134000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 22 & 23 and shown in row no. 22 only.Jayaswal Neco Industries Limited******Neco Defence Systems Private Limited******Other Related PartyPurchase of goods or services258000000Nil17600000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 22 & 23 and shown in row no. 22 only.Jayaswal Neco Industries Limited******Shri Avneesh Jayaswal******Key Management PersonnelAny other transactionEmployee Benefit expense (Training Expense)0Nil462000000Jayaswal Neco Industries Limited******Shri Avneesh Jayaswal******Key Management PersonnelRemunerationNil775500000Jayaswal Neco Industries Limited******Shri Arvind Jayaswal******Key Management PersonnelRemunerationNil17406000-426000-410000Jayaswal Neco Industries Limited******Shri Ramesh Jayaswal******Key Management PersonnelRemunerationNil17406000-426000-410000Jayaswal Neco Industries Limited******Neco Ceramics Limited******Other Related PartyPurchase of goods or services22500000Nil12040000-1813000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 28 & 29 and shown in row no. 28 only.Jayaswal Neco Industries Limited******Neco Ceramics Limited******Other Related PartyAny other transactionOther transactionNil116000000Note for the opening and closing balance at column no. "P" & "Q". The amount is combined for Sr. No. 28 & 29 and shown in row no. 28 only.2259447000AuditedtrueChaturvedi & Shah LLPtrue2026-06-30OthersUnlisted, Unrated, Secured, Redeemable, fully paid up Non-Convertible Debentures (NCDs) on private placement basis2025-12-12180000000002026-03-31falsefalsefalseNilNilKapil ShroffChief Financial OfficerNagpur2026-04-24The subscription proceeds of the NCDs shall be utilised for (a) repayment of the current outstanding debts (Non-Convertible Debentures); (b) payment of costs, fees and expenses incurred in connection with the issue of the NCDs and (c) for other corporate purposesNot Applicable180000000000180000000000No deviation. The funds raised for INR 1800 Crores have been used for:- <br></br> (i) INR 1771,01,39,227.00 towards repayment of current outstanding amounts payable towards NCDs, <br></br> (ii) Payment of Finance Costs related to NCDs INR 23,34,58,637.48, <br></br> (iii) Payment of Legal Costs related to NCDs INR 3,89,72,846.00, <br></br> (iv) Payment of Administrative Expenses, Certification Costs, Statutory Payments & Logistics Costs related to NCDs INR 45,15,832.00 <br></br> (v) Other Corporate Purpose & retaining minimum balance in the designated account INR 1,29,13,457.52. <br></br> <br></br>