Scan Steels Ltd

Dematerialisation/Rematerialisation status

• Dematerialisation requests processed and confirmed to depositories.
• Dematerialised securities listed on the relevant stock exchanges.
• Physical certificates for dematerialisation mutilated and cancelled; depository name substituted as registered owner within 15 days.

AGM notice & AR access

• 33rd AGM scheduled for 30 September 2026 via VC/OAVM.
• Notice and Annual Report 2025-26 accessible on the company website.
• Letter sent to unregistered-email shareholders with AR access link.
• E-voting window: 27 September 2026 to 29 September 2026; cut-off 23 September 2026.
• AGM and AR also accessible via CDSL and BSE portals.
• KYC updates requested for depository participants' records.

Financial snapshot

• Turnover rose to ₹838.26 crore, up about 6.2% YoY.
• Standalone net profit ₹19.80 crore; up from ₹19.61 crore.
• EPS (basic) ₹3.38; EPS (diluted) ₹3.34.
• EBITDA ₹49.09 lakh; margin 5.86%.
• Net worth ₹441.15 crore.
• OCRPS converted to 21,44,239 equity shares.
• Post-conversion equity capital ₹60.7465 crore.
• No dividend recommended for FY2025-26.

Capital structure & equity actions

• OCRPS reclassified to equity; authorized capital set at ₹86.50 crore.
• Post-conversion paid-up equity ₹60.7465 crore; 6,07,46,534 shares.
• Postal ballot approvals in 2025; ordinary resolutions passed.
• NSE listing under process; regulatory steps underway.

Expansion & operations

• Ramabhahal MS Pipe Mill: 2,00,000 TPA; project ₹143 crore; debt ₹84 crore.
• Budhakata Unit-II: three 20 MT furnaces and 25 MT LRF.
• New facilities to commence by December 2026; target ₹1,200 crore FY2026-27.
• Revival and modernisation of Scan Kai Ispat Limited under execution.

Governance & leadership

• Board expanded to six; Aug 2025 independent appointments.
• Ankur Madaan reappointed WTD/CEO for 3 years from 24 May 2026.
• Gagan Jalan, Punit Kedia, Konika Poddar ceased Aug 2025.
• Jitendriya Mohanty appointed Independent Director Aug 2025; chairs NRC.
• Ms. P. Monalisha and Mrs. Sushama Anuj Yadav appointed Independent Women Directors Aug 2025.
• Sushama Anuj Yadav appointed Audit Committee Chair Aug 2025.

CSR & ESG highlights

• CSR focus areas: Education, Health, Sports, Animal Welfare, Community Development, Solar lighting.
• CSR Committee chaired by Sushama Yadav; joined by Monalisha Aug 2025.
• CSR expenditure ₹49.09 lakh; obligation ₹48.16 lakh.

Audit, controls & risk

• Internal controls are adequate and effective; no material weakness identified.
• Secretarial audit unqualified; annual secretarial compliance report filed.
• CRISIL credit ratings reaffirmed: BBB+/Stable; A2+.

Shareholding & investor relations

• Promoter/Promoter group hold 48.89%; Corporate Bodies 30.92%; Public 17.96%.
• Dematerialised shares 99.63%; physical 0.37%.
• Registrar: Adroit Corporate Services; NSE listing in process.

AGM details

• Date/time: 30 September 2026, 10:30 AM IST; mode: VC/OAVM.

Record date and closure

• Record date for voting: 23 September 2026.
• Register of Members/Share Transfer Books closed: 24 September 2026 to 30 September 2026.

Ordinary business

• Adoption of standalone and consolidated financial statements for year ended 31 March 2026.

Director appointment

• Praveen Patro to be re-appointed as Director; retires by rotation.

Capital restructuring

• Alteration of authorised share capital by converting OCRPS into equity shares; new authorised capital: 86,50,00,000.
• MOA to be amended to reflect 8,65,00,000 equity shares of Rs 10 each.

Cost auditor remuneration

• Remuneration for Cost Auditor for FY2026-27 fixed at Rs 60,000 plus tax plus expenses.

Voting mechanics

• Remote e-voting window: Sep 27–29, 2026; cut-off date: 23 September 2026.
• Scrutinizer: M/s A J & Associates (CS Abhijeet Jain).

AGM details

• No information present in this chunk to summarize AGM findings.

AGM planning and governance

• 33rd AGM scheduled for Sept 30, 2026 at 10:30 IST via VC/OAVM.
• Notice of AGM approved for circulation with explanatory statement.
• Remote e-voting facility approved; voting Sept 27–29, 2026.
• Cut-off date for eligibility fixed Sept 23, 2026.
• Book closure from Sept 24 to Sept 30, 2026.
• Scrutinizer appointed: CS Abhijeet Jain for AGM/e-voting.
• Arrangements for AGM-related formalities authorized.

Financials and annual reporting

• Annual Report for FY2025-26 approved for circulation, including Directors' Report and MD&A.
• Secretarial Audit Report for FY2025-26 approved.
• Cost Audit Report for FY2025-26 approved (Ray Nayak & Associates).

Capital structure and MOA changes

• Alteration of Authorised Share Capital approved, subject to AGM approval.
• OCRPS 1,50,00,000 reclassified into equity shares.
• Authorised capital remains ₹86,50,00,000; 8,65,00,000 equity shares.
• MOA Clause V amended accordingly.
• Reclassification subject to member approval at AGM and other approvals.

Regulatory disclosures

• Disclosure under Regulation 30 provided; Annexure-A attached.
• Details of capital alteration disclosed per SEBI LODR regulations.

Board meeting agenda

• Board to consider draft Notice for 33rd AGM for FY 2025-26.
• Board to approve Directors' Report, Corporate Governance Report, MD&A, and Annual Report FY 2025-26.
• Board to consider Secretarial Audit Report for FY 2025-26.
• Board to consider Cost Audit Report for FY 2025-26.
• Fix date, time and venue of 33rd AGM and related matters.
• Consider book closure, record date, cut-off, remote e-voting, Scrutinizer appointment.
• Appoint authorised agency for remote e-voting at AGM.
• Approve resolutions including alteration of Authorized Capital, MOA Clause V, subject to approval.
• Authorize officers to complete AGM arrangements and related formalities.
• Any other business with chair's permission.

Listing approval and share details

• Purpose: BSE listing approval for 21,44,239 equity shares issued on a preferential basis.
• Share details: face value Rs 10; issue price Rs 358, including Rs 48 premium.
• Quantity and numbers: 21,44,239 shares, distinctive numbers 58602296 to 60746534.
• Allottees: Promoters and Non-Promoters; mode: preferential issue via OCRPS conversion.
• Ranking: shares will rank pari passu with existing equity.
• Regulatory action: Listing approval letter from BSE dated 04 August 2026.
• Trading approvals contingent on NSDL/CDSL credit and depository system lock-ins.
• Compliance: ICDR Regulation 167 compliance; XBRL shareholding pattern if >2% change.
• Timeline: trading approval to be sought within seven working days from listing approval.