Mideast Integrated Steels Ltd

Mideast Integrated Steels Limited (MISL) announced its Board of Directors has approved the sale of its investment in Mesco Steels Limited to Mesco Mining Limited for a cash consideration of ₹1,20,55,000. This transaction is classified as a Related Party Transaction (RPT) as both entities belong to the Mesco Group. The sale, which represents MISL's entire stake of 18.78% in Mesco Steels, is aimed at strategic monetization of non-core financial investments to optimize cash flows and support MISL's core operations. The transaction is expected to be completed within 30 days and is based on an independent valuation report, ensuring it is conducted on an arm's length basis.

Mideast Integrated Steels Ltd announced its financial results for the year ended March 31, 2026. The company's revenue from operations stood at ₹441.67 Mn. The company reported a net loss after tax of ₹662.79 Mn for the year ended March 31, 2026. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 30, 2026.

Mideast Integrated Steels Ltd (MISL) has announced that its Board of Directors approved a proposal to change the company's name, subject to name availability and approvals from the Ministry of Corporate Affairs (MCA)/Registrar of Companies (ROC), and shareholders via a Special Resolution. The board also approved convening an Extraordinary General Meeting (EGM) or Postal Ballot to seek shareholder approval for the name change and a related party transaction involving the disposal of investment.

Mideast Integrated Steels Ltd. announced changes in management following a Board of Directors meeting on May 30, 2026. Mrs. Rita Singh, Mrs. Natasha Sinha, and Mr. Asit Kumar Ray have been appointed as Additional Directors (Executive), subject to shareholder approval. Mrs. Rita Singh will also be a member of the Audit Committee and Stakeholders Relationship Committee. Mrs. Shipra Singh Rana resigned as Whole-Time Director, effective at the close of business hours on May 30, 2026, citing other commitments.

Mideast Integrated Steels Ltd's board approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The board also approved the appointment of Mrs. Rita Singh and Mrs. Natasha Singh as Additional Directors, re-appointment of Mr. Asit Kumar Ray as an Additional Director, and accepted the resignation of Ms. Shipra Singh Rana. Additionally, the board approved the re-appointment of Ms. Tripti Shakya & Co. as Secretarial Auditor and Prasanta Das & Co. as Internal Auditor for FY 2026-27. The company also plans to change its name to "De-Mideast Integrated Steels Limited", subject to approvals.

Mideast Integrated Steels Ltd. announced the approval of audited standalone and consolidated financial results for FY26, along with the re-appointment of Ms. Tripti Shakya & Co. as Secretarial Auditor and the appointment of Prasanta Das & Co. as Internal Auditor for FY27. The board also approved the appointment of Mrs. Rita Singh and Mrs. Natasha Singh as Additional Directors, subject to shareholder approval, and accepted the resignation of Ms. Shipra Singh Rana. Additionally, the company approved the sale of its investment in Mesco Steel Limited.

Mideast Integrated Steels Ltd. announced the yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, submitted by the Promoter, confirms that the members of the Promoter and Promoter Group, including Persons Acting in Concert, did not make any encumbrance of shares, either directly or indirectly, during the financial year ended March 31, 2026. The company has requested this information to be taken on record.

Mideast Integrated Steels Ltd has announced the closure of its trading window for the quarter ending on 31st March 2026. The closure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations and the company's Code of Conduct for Prevention of Insider Trading. The trading window will be closed for all promoters, directors, key management personnel, designated persons, and their immediate relatives from April 01, 2026, until 48 hours after the declaration of the audited financial results for the quarter and year ending on 31st March 2026. The intimation of the board meeting for this agenda item will be uploaded separately.

Mideast Integrated Steels Ltd. has approved the UnAudited Standalone and Consolidated Financial Results for the quarter ended 31st December 2025. The company's revenue from operations stands at Rs. 398.83 crores, with a net profit after tax of Rs. (1,215.28) crores. The company is currently dealing with a compensation of Rs. 924.75 crores imposed by the Honorable Supreme Court of India, which was supposed to be paid by 31st December 2017. The company has sold and is in the process of selling iron ore to comply with the Order and norms, with a total deposit of Rs. 415.79 crores as of 31st March 2024, and Rs. 53.86 crores and Rs. 44.17 crores for the FY 2024-25 and the Second Quarter of FY 2025-26 respectively. The company has also filed a 'Curative petition’ and a waiver application, which are still pending.

Mideast Integrated Steels Ltd has announced that its Board of Directors will meet on February 13, 2026, to consider and approve the unaudited financial results for the quarter ended December 31, 2025. The trading window for securities of the company will remain closed 48 hours after the announcement of the results. This closure applies to all designated employees, directors, and key managerial personnel.