MSP STEEL & POWER LTD.

MSP Steel & Power Ltd has announced the closure of its trading window for all directors, promoters, designated persons, and specified connected persons. This closure is in anticipation of the company's Unaudited Financial Results for the Second Quarter ended September 30, 2026. The trading window will remain shut from October 1, 2026, until 48 hours after the publication of the financial results, covering both standalone and consolidated figures. The specific date for the Board Meeting to approve these results will be communicated separately.

MSP Steel & Power Ltd announced that its 57th Annual General Meeting (AGM) will be conducted on Wednesday, September 30, 2026, at 3:00 PM IST via Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company also released its Annual Report for the Financial Year 2025-26, which is available on its website and being sent to shareholders electronically. The report highlights the company's successful exit from the Corporate Debt Restructuring (CDR) framework and settlement with lending banks, positioning it for future growth. The theme 'Forging Enduring Foundations for a Sustainable Tomorrow' underscores their commitment to manufacturing excellence, innovation, and responsible operations.

MSP Steel & Power Ltd has announced its 57th Annual General Meeting (AGM) for the Financial Year 2025-26, scheduled for September 30, 2026, at 3:00 PM IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). Key agenda items include the adoption of the audited financial statements for FY 2025-26, re-appointment of Mr. Suresh Kumar Agrawal as a Director, ratification of remuneration for the Cost Auditor for FY 2026-27, and approval for managerial remuneration exceeding prescribed limits. The Annual Report and AGM Notice are available on the company's website.

MSP Steel & Power Ltd's Board of Directors has approved the draft scheme of arrangement for the demerger of MSP Sponge Iron Limited's manufacturing business into MSP Steel. The scheme, subject to regulatory approvals, involves the transfer of MSP Sponge's undertaking to MSP Steel. The board also approved the Board's Report for FY25-26, the draft notice for the AGM scheduled for September 30, 2026, and the appointment of S K Agrawal and Co Chartered Accountants LLP as Internal Auditors and Mr. Sambhu Banerjee as Cost Auditor for FY26-27.

MSP Steel & Power Ltd announced that its Board of Directors has approved a draft Scheme of Arrangement for the demerger of MSP Sponge Iron Limited's manufacturing business into MSP Steel. The scheme is subject to regulatory and other approvals. The Board also approved the Board's Report for FY2025-26 and the notice for the Annual General Meeting scheduled for September 30, 2026. Additionally, M/s. S K Agrawal and Co Chartered Accountants LLP were appointed as Internal Auditors, and Mr. Sambhu Banerjee was re-appointed as Cost Auditor for FY2026-2027.

MSP Steel & Power Ltd has filed its Statement of Deviation & Variation for the quarter ended June 30, 2026. The company reported no deviation or variation in the utilization of funds raised through a Preferential Issue of Convertible Warrants on March 14, 2026. The total amount raised was ₹24.50 crores, representing 25% of the total consideration. The funds were intended for unsecured debt repayment and general corporate purposes, including modernization and maintenance of plant and machinery. The company confirmed no outstanding defaults on loans or debt securities for the said quarter. The Board of Directors also approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026.

On a consolidated basis (primary), MSP Steel & Power posted PAT of ₹21.98 Cr for Q1 FY27, up 23.2% YoY from ₹17.84 Cr, on revenue from operations of ₹826.52 Cr, up 16.3% YoY from ₹710.86 Cr. Standalone tells the same story almost to the rupee (PAT ₹21.97 Cr) since the lone joint venture contributes just ₹0.01 Cr — no basis divergence to flag this quarter. Margins expanded modestly: OPM to roughly 6.36% from 6.32% a year ago, and NPM to roughly 2.66% from 2.51%. No exceptional items sit in any of the three quarterly columns shown, so both YoY and QoQ growth are on a clean, unadjusted basis. The tax line is why PAT growth (23.2%) trails PBT growth (38.6% YoY to ₹29.83 Cr): the effective tax rate normalized to ~26.3% this quarter from an unusually low ~17.2% in Q1 FY26. Note 5 explains the context — a ₹47.37 Cr deferred tax asset tied to a Section 43B interest-liability claim (from the FY24-25 conversion of Optionally Convertible Debentures into equity) was recognized in FY26, and most of that benefit landed as a one-off ₹37.19 Cr tax credit in Q4 FY26 specifically, inflating that quarter's PAT to ₹85.20 Cr. That's also why QoQ PAT looks like it fell 74% this quarter — it's a base-effect optics issue from Q4's one-off credit, not a sequential deterioration: QoQ revenue actually rose 1.2% and OPM held roughly steady. Management gave no formal guidance or outlook commentary in this filing, and none is on record from a prior call, so there is nothing to grade the print against on that front; no management press release was available either. The only Q1 estimate found was an informal, non-consensus trailing-growth projection (Univest) of ₹8-10 Cr PAT — the ₹21.98 Cr actual clears that bar comfortably, though the estimate's quality is too thin to call it a genuine street beat. Corporate-action backdrop this quarter: the promoter group raised its stake by 2.30% through on-market purchases in June (6.45 lakh plus 4.49 million shares), and the company held an EGM on July 14 for a fund-utilisation-variance disclosure tied to its ₹98 Cr convertible-warrant preferential issue — the filing confirms zero deviation, with the ₹24.50 Cr upfront tranche fully deployed as of June 30.

MSP Steel & Power Ltd has announced that its Board of Directors will convene on July 31, 2026. The primary agenda items include the consideration and approval of the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the associated Limited Review Report. Additionally, the meeting will address any other business as permitted by the Chairman. The company has also informed that the trading window for its securities will remain closed from July 1, 2026, and will reopen 48 hours after the financial results are declared.

MSP Steel & Power Ltd has announced the closure of its trading window for all directors, promoters, designated persons, and specified connected persons. This closure will be effective from July 1, 2026, and will remain in effect for 48 hours after the publication of the company's unaudited financial results for the first quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and relevant NSE and BSE circulars. The company will separately inform the exchanges about the date of the board meeting scheduled to consider these financial results.

MSP Steel & Power Ltd has submitted disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015. Three promoter group entities, Ginny Traders Private Limited, Sampat Marketing Company Pvt Ltd, and Ilex Private Limited, have reported open market purchases of equity shares. Ginny Traders acquired 7,30,000 shares on June 19, 2026. Sampat Marketing purchased 12,04,000 shares on June 19 and June 22, 2026. Ilex Private Limited bought 1,66,849 shares on June 22, 2026. These disclosures are in Form 'C' and dated June 23, 2026.