MSP Steel & Power Ltd

Financial results approved

• Quarter ended 30 June 2026; unaudited standalone and consolidated results approved.
• Limited Review Report on the quarter's financials approved.

Fund raise and fund utilisation

• 2,80,00,000 convertible warrants allotted; date 14 March 2026.
• Total consideration Rs 98.00 crore; upfront Rs 24.50 crore received.
• Funds utilised up to 30 June 2026: Rs 24.50 crore; unutilised balance zero.
• No deviation/variation in use of funds raised.
• No default on loans or debt securities for the quarter.

Key financial indicators

• Standalone revenue from operations: Rs 82,651.65 lakh.
• Standalone net profit: Rs 2,196.52 lakh.
• Consolidated revenue from operations: Rs 82,651.65 lakh.
• Consolidated total income: Rs 82,907.18 lakh.
• Consolidated net profit: Rs 2,197.53 lakh.
• Standalone EPS: Basic ₹0.39; Diluted ₹0.37.
• Consolidated EPS: Basic ₹0.39; Diluted ₹0.37.

Regulatory and compliance

• There was no default on loans or debt securities for the quarter.

Meeting Details

• Date: 31 July 2026; Location: Registered Office.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.
• Consider and approve Limited Review Report for the quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026; reopens 48 hours after results declaration.

Processing and compliance status

• Demat/remat requests processed within the prescribed 15-day timeline from receipt of certificates.
• Securities dematerialised/rematerialised listed on the stock exchanges where previously listed.
• Physical certificates for dematerialisation mutilated and cancelled after due verification.
• Depository name substituted as registered owner for approved demat requests.
• Details of dematerialised/rematerialised securities furnished to all stock exchanges.

Resolution details

• Special resolution to vary objects for utilisation of funds from the preferential issue.
• Voting outcome: approved with 99.996% in favour, 0.004% against.
• Promoter/director interest: not disclosed.

Resolution details

• Special resolution approved to vary utilization of funds from preferential issue.
• Variation relates to balance proceeds from preferential warrants allotted to promoter group entity.
• Intended beneficiary is promoter group entity; governance and compliance stated.
• Voting mode: remote e-voting during the EGM and after.
• Meeting concluded at 3:24 PM; voting ended at 3:39 PM.

Context and participants

• EGM held on 14 July 2026 via VC/OAVM.
• Purpose: seek approval for variation in fund utilization.
• Promoter group entity is the beneficiary of the revised utilization.
• Board and Audit Committee approved the proposed variation.

Voting outcome

• Result: item transacted with requisite majority.
• Mode of voting: remote e-voting; conclusion subject to Scrutinizer report.
• Scrutinizer's report and detailed results to be filed separately.

Impact on capital/ownership

• No change to equity capital or control implied.
• Funds relate to balance proceeds, not new equity issue.
• Variation approved by Audit Committee and Board; ensures compliance.

Governance details

• Directors present included MD, Chairman, and independent directors.
• Live webcast and transcript of proceedings hosted on company website.

MSP Steel & Power Ltd: Trading window closed from 1 July 2026 till expiry of 48 hours after the publish of Unaudited financial results for the 1st Quarter ended on 30th June 2026