Sacheta Metals Reports FY26 Financials and Auditor Transition

Operating turnover reached Rs 83.70 crore, while net profit after tax settled at Rs 2.03 crore for the fiscal year ended March 31, 2026.

Reader Takeaway: Moderate revenue contraction and ongoing legacy litigation create a cautious outlook despite new business exploration plans.

What just happened

Sacheta Metals Ltd has released its financial results for FY 2025-26, showing a decline in performance compared to the previous year. Sales dropped to Rs 83.70 crore from Rs 91.91 crore, and net profit fell marginally to Rs 2.03 crore. The board has opted not to declare a final dividend for the year.

Auditor Change

The company has appointed M/s. Chandabhoy & Jassoobhoy as its new statutory auditors following the resignation of M/s. Murali & Venkat, effective August 14, 2026. Shareholders will vote on the proposed five-year appointment at the upcoming Annual General Meeting.

Business and Operational Updates

Sacheta Metals is looking to diversify its operations. Management confirmed they are exploring entry into real estate and the manufacturing of copper kitchen utensils. These projects are currently in the initial assessment phase.

Litigation and Risks

A long-standing legal dispute with the Metropolitan Stock Exchange of India Limited regarding commodity hedging transactions from 2013-14 continues. The matter is pending in the Bombay High Court, with the company anticipating a potential liability of Rs 4.12 crore out of a total claim of Rs 6.54 crore.