Swastik Pipe Ltd

Swastik Pipe Debt & Borrowing

Swastik Pipe Limited has completed a One-time Settlement (OTS) with Hero FinCorp Limited, resulting in a 'No Dues Certificate' for the loan account.

Swastik Pipe Other Announcement

Swastik Pipe Limited has sent a letter to members regarding the 53rd Annual General Meeting and Annual Report for FY 2025-26 in compliance with SEBI Regulations.

Swastik Pipe Annual General Meeting

Swastik Pipe Limited has dispatched the Notice of the Annual General Meeting to be held on September 28, 2026, along with the Annual Report for FY 2025-26.

Swastik Pipe Legal & Regulatory

Swastik Pipe Ltd. disclosed a forensic audit by SBI due to its ₹140 Cr NPA status. The audit's impact on operations will be known after the final report.

Value

₹140.0 Cr

Swastik Pipe Results Correction

Swastik Pipe Limited clarified its FY2026 financial reporting following an NSE query. The company provided missing signatory details and explained the non-applicability of segment reporting.

Swastik Pipe Legal & Regulatory

Swastik Pipe Ltd received a fine of ₹5,900 (≈0.00059 Cr) for delayed compliance with SEBI Regulation 23(9). The company will pay the fine without operational impact.

Swastik Pipe Debt & Borrowing: ₹139.3 Cr

Swastik Pipe initiated debt restructuring for ₹139.29 Crore with SBI and consortium lenders. A 2.50% automatic appropriation on receipts will fund outstanding debt repayment.

Value

₹139.3 Cr

Swastik Pipe Adverse Business Impact

Swastik Pipe Limited secured a 'Holding-on Operation' facility from lenders, regularizing bank accounts previously marked NPA. A 2.50% cash cutback will apply to incoming receipts to repay debt.

Execution

3 Months

Swastik Pipe H2 FY26 Results: Net Loss of ₹47.9 Cr, Loss Widens

Swastik Pipe Ltd reported revenue from operations of ₹146.1 Cr (-61.6% YoY) and a net loss of ₹47.9 Cr for H2 FY26.

Key figure

Net loss ₹47.9 Cr

Swastik Pipe Financial Results

Swastik Pipe Limited reported ₹394.26 Crore total income for FY26. The board approved financial results and appointed auditors, despite reporting a net loss of ₹57.56 Crore.

Value

₹394.3 Cr

Swastik Pipe Board Meeting Date

Swastik Pipe Limited scheduled a board meeting for May 26, 2026, to approve audited financial results. The trading window remains closed until May 28, 2026.

Swastik Pipe Management Change

Independent Director Vishal Dugar resigned from Swastik Pipe Limited effective May 12, 2026. He departed to explore other opportunities, necessitating a board vacancy update.

Swastik Pipe Other Announcement

Swastik Pipe Limited submitted its Structured Digital Database (SDD) Compliance Certificate for the financial year ended March 31, 2026. The certificate, issued by a practicing company secretary, confirms the company maintained the required database and audit trails under SEBI Insider Trading regulations.

Execution

April 01, 2025 to 31st March 2026

Swastik Pipe Results Correction

Swastik Pipe Limited clarified to the NSE regarding its FY25 financial results. The company explained that segment reporting is not applicable as it operates in a single 'Steel' segment. It further addressed XBRL discrepancies, noting that additional details were submitted due to audit qualifications, while maintaining that original facts and figures remain unchanged.