RATHI STEEL & POWER LTD.-$

Rathi Steel & Power Ltd has announced that its Board of Directors will convene on November 14, 2026. The primary agenda item is to consider and approve the unaudited standalone financial results for the quarter and half-year ended September 30, 2026. Concurrently, the trading window for designated persons and their immediate relatives remains closed from October 1, 2026, until 48 hours after the financial results are declared.

Rathi Steel & Power Ltd has received a demand order from the Office of the Additional Commissioner, GST & Central Excise, Rourkela, for INR 59,44,859 (₹59.45 Lakhs). The demand pertains to interest on delayed GST payments for January 2021, under Section 74 of the CGST Act, 2017. The company believes the demand is not maintainable and plans to explore legal remedies to contest it. Rathi Steel stated that no material impact on its financial or operational activities is foreseen.

Rathi Steel & Power Ltd has issued a corrigendum to its press release dated October 7, 2026, regarding its operational performance for the second quarter ended September 30, 2026. The clarification states that quantitative volume figures exclude volumes related to miscellaneous items, a detail that was inadvertently omitted from the original release. This information is provided for clarification purposes.

Rathi Steel and Power Limited has released a media statement detailing its unaudited operational performance for the Second Quarter ended September 30, 2026 (Q2 FY27). The company reported revenue exceeding ₹200 Crore, marking over 30% year-on-year growth from ₹156.43 Crore in the previous year. Sales volume reached 32,028 MT, an increase of 28.86% year-on-year from 24,855 MT. Operationally, Rathi Steel successfully negotiated a 450 bps interest rate reduction with its existing lender and secured additional funds to support business growth. Looking ahead, the company targets 55-60% rolling mill utilization in FY27, up from 51-52% in FY26, and plans to scale up steel melting shop utilization. The focus remains on value-added products, margin optimization, and evaluating a melting shop upgrade at its Ghaziabad facility to enhance its value-added product portfolio. These figures are subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors.

Rathi Steel & Power Ltd has submitted an application to BSE Limited (BSE) seeking no-objection or approval for the reclassification of DBG Leasing and Housing Limited (DBG) from the 'Promoter & Promoter Group' category to the 'Public' category. This action is in accordance with Regulation 31A(3) of the Listing Regulations and follows a previous Board of Directors' meeting outcome filed on September 28, 2026. The company is seeking regulatory approval for this change in shareholding classification.

Rathi Steel & Power Ltd's Board of Directors, at a meeting on September 28, 2026, approved the reclassification of DBG Leasing and Housing Limited from the 'Promoter & Promoter Group' category to the 'Public' category. This reclassification, subject to stock exchange and shareholder approval, was requested by DBG Leasing and Housing Limited on September 19, 2026. The Board noted that DBG Leasing and Housing Limited is no longer under the control of its erstwhile promoters following a Corporate Insolvency Resolution Process (CIRP) and subsequent takeover by new management. Furthermore, DBG Leasing and Housing Limited holds less than 10% voting rights, has no say in the company's management, and does not have any special rights or board representation. The company also confirmed compliance with Minimum Public Shareholding requirements.

Rathi Steel & Power Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in effect from October 1, 2026, and will continue until 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ending September 30, 2026. Additionally, the PAN of these individuals will be frozen via NSDL to restrict trading during this period, in compliance with SEBI regulations.

Rathi Steel & Power Ltd has received a request from DBG Leasing and Housing Limited (DBG) for reclassification of its shareholding from the "Promoter and Promoter Group" category to the "Public Category." DBG currently holds 4.44% of Rathi Steel's paid-up equity share capital. The request stems from DBG undergoing a Corporate Insolvency Resolution Process (CIRP), where a new management took over following an NCLT order dated June 13, 2025. As a result, DBG's erstwhile promoters no longer control the entity. DBG asserts it no longer exercises direct or indirect control over Rathi Steel's affairs, has no representation on its Board or among key managerial personnel, and holds no special rights. The company's Board of Directors will consider this request in an upcoming meeting, after which Rathi Steel will seek necessary approvals.

Rathi Steel & Power Ltd has released its Annual Report for the financial year 2025-26, along with the notice for its 55th Annual General Meeting (AGM). The AGM is scheduled for Tuesday, September 29, 2026, at 13:30 P.M. (IST) and will be conducted via Video Conferencing. The report highlights the company's resilience, growth, and innovation, emphasizing its adaptation to market conditions, technological advancements, and commitment to quality. Shareholders can access the Annual Report and AGM notice electronically or via a web link provided for those with unregistered email addresses. The company also requested PAN and KYC updation from shareholders.

Rathi Steel & Power Ltd has filed its Annual Report for the Financial Year 2025-26. The report, sent electronically to registered shareholders, also includes the notice for the 55th Annual General Meeting (AGM) scheduled for September 29, 2026, to be held via Video Conferencing. Shareholders without registered email addresses will receive a letter with web links to access the report and AGM notice. The report highlights the company's resilience, growth, and innovation over the past fiscal year, emphasizing its adaptability to market conditions, expansion in the steel industry, and adoption of advanced manufacturing technologies.