Nilachal Refractories Apr 18 board meet to clear FY26

What the company has announced

Nilachal Refractories Limited has scheduled a meeting of its Board of Directors on Saturday, April 18, 2026, to consider and approve the company’s audited financial results for the quarter and year ended March 31, 2026. The meeting is set for 03:00 PM and will take place at the company’s registered office in Kolkata.

The intimation has been made under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, which governs advance notice to stock exchanges for board meetings where financial results are to be considered. The company said it has formally communicated the notice to BSE Limited and the Calcutta Stock Exchange Limited, where its equity shares are listed.

Board meeting details: date, time, venue

The company has provided a clear schedule and location for the board meeting. The venue mentioned is its registered office at 30D, Jawaharlal Nehru Road, Kolkata-700016, West Bengal.

For investors, these details matter because audited annual numbers typically carry more weight than quarterly unaudited updates, especially for companies where auditors have previously highlighted financial stress or compliance issues.

Key agenda items on April 18

Nilachal Refractories stated that the board meeting will focus on two primary matters. First, the directors will review and approve the audited financial results for Q4 FY26 and the full financial year FY26 ended March 31, 2026. Second, the board may take up any other business with the permission of the Chair.

While the company did not provide financial figures for Q4 FY26 or FY26 in the meeting notice, the schedule indicates that audited numbers are expected to be finalised at the board level before being shared with the exchanges.

SEBI LODR Regulation 29: why this notice matters

Under SEBI’s LODR framework, listed companies are required to give prior intimation to stock exchanges about board meetings where financial results are to be considered. Nilachal Refractories explicitly cited Regulation 29, signalling that the meeting is part of the regular financial reporting process.

This type of disclosure helps reduce information gaps in the market and ensures investors receive timely updates on when financial results will be approved and released.

Recent compliance filing under SEBI Regulation 74(5)

Separately, Nilachal Refractories filed its compliance certificate under SEBI Regulation 74(5) for Q4 FY26 on April 11, 2026. The certificate was issued by the company’s registrar, S.K. Infosolutions Private Limited.

According to the filing description, the certificate confirms proper handling of dematerialised securities and adherence to the requirements applicable to depositories and participants. The company submitted this filing to BSE Limited and the Calcutta Stock Exchange.

What the company reported in Q3 FY26

Ahead of the FY26 audit, the company’s recent quarterly performance has been volatile and loss-making, based on the numbers cited for the quarter ended December 31, 2025 (Q3 FY26). For Q3 FY26, revenue was reported at ₹0.45 crore, up 55.17% year-on-year.

However, profitability remained deeply negative. Net profit for Q3 FY26 was reported at a loss of ₹3.53 crore, with an operating margin of -795.56% and a PAT margin of -784.44%. Interest costs were cited at ₹0.12 crore, while depreciation was cited at ₹0.14 crore.

Earlier board meeting for unaudited Q3 results

Nilachal Refractories had earlier informed BSE that a board meeting was scheduled on January 24, 2026, at 4:00 PM to consider and approve unaudited financial results for the third quarter ended December 2025. That meeting was also indicated to be held at the company’s Kolkata office.

The April 18, 2026 meeting is different in nature because it is intended to approve audited results for both Q4 and the full year, not only an unaudited quarterly update.

Auditor observations and financial stress indicators referenced earlier

The information provided also references a period where auditors and disclosures highlighted financial and governance stress. For the quarter and half year ended September 30, 2025, the company reported a net loss of ₹0.9607 crore and a negative net worth of ₹28.8997 crore.

Auditors also highlighted compliance issues including unauthorised inter-corporate deposits and overdue preference share redemptions, along with a material uncertainty over the company’s ability to continue as a going concern. Separately, it was stated that the company filed its annual report on September 2, 2025 for the year ended March 31, 2025, in which the auditor issued a qualified opinion raising doubt about the company continuing as a going concern.

Snapshot table: board meeting and key reported figures

Market relevance: what investors typically track next

For investors tracking the stock on BSE and the Calcutta Stock Exchange, the April 18 meeting is a key event because it is expected to conclude the FY26 audit cycle and finalise the annual numbers as of March 31, 2026. Audited results can clarify how quarterly trends translated into full-year outcomes.

Given that recent disclosures cited losses, negative net worth, and auditor emphasis on going-concern uncertainty in earlier periods, the audited FY26 statements will likely be watched for updates on financial position, compliance status, and whether any qualifications or emphasis-of-matter points are carried forward.

Conclusion

Nilachal Refractories has fixed April 18, 2026 as the date for its board meeting to approve Q4 FY26 and FY26 audited financial results, with the session scheduled at 03:00 PM at its Kolkata registered office. The next formal step is the release of the audited results to the exchanges after board approval, along with any other disclosures the company may file alongside its financial statements.