Quarterly Result30 May 2026, 09:21 pm
MSP Steel: Deviation Statement for Quarter Ended March 2026
AI Summary
MSP Steel & Power Ltd has released a statement of deviation and variation under Regulation 32 for the quarter ended March 31, 2026. The board approved audited standalone and consolidated financial results. There were no defaults on loans or debt securities during the quarter. The company also announced a capital expenditure program for expansion of its existing integrated steel manufacturing facilities at Raigarh, Chhattisgarh, aimed at enhancing production capacity and improving operational efficiencies.
Key Highlights
- Audited financial results for Q4 and year ended March 31, 2026, were approved.
- No defaults on loans and debt securities for the quarter.
- Capital expenditure program approved for expansion of steel manufacturing facilities at Raigarh.
- Expansion aims to enhance production capacity and operational efficiencies.
- Preferential Issue of Convertible Warrants raised ₹24.50 crores on March 14, 2026.
Price Impact
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