Filter announcements
Loading...
Incorporated in 2003, Chaman Metallics Ltddoes manufacture and sale of Iron and Steel
Chaman Metallics reported record FY26 revenue of ₹541.26 Cr and EBITDA of ₹39.96 Cr. Significant capacity expansion, including commissioning a 30 MW captive power plant, drove growth and ₹52 Cr in savings. Net loss of ₹4.17 Cr was due to higher depreciation and finance costs post-capex.
Promoters acquired 338,250 equity shares, increasing their stake from ~73.60% to 75.00%. This acquisition brings their total shareholding to the maximum permissible limit.
Chaman Metallics secured a ₹3.95 Cr insurance settlement for a prior fire at its plant, largely offsetting the ₹5.35 Cr assessed loss. Operations were restored timely, ensuring no material adverse financial or operational impact from the disruption.
CMNL secured enhanced SBI sanction limits for its expansion project, boosting financial flexibility. Total limits increased from ₹335 Cr to ₹365 Cr. Fund-based limits rose to ₹220 Cr (from ₹180 Cr), while non-fund-based limits adjusted to ₹25 Cr (from ₹35 Cr).
CMNL has received BIS Product Certification for its Silicomanganese. This significant development enhances product quality and market standing, strengthening the company's overall business operations and competitiveness.