Scan Steels Limited

Scan Steels Ltd has announced that its Board of Directors will convene on July 28, 2026, at 4:00 PM in Bhubaneswar. The primary agenda items include the consideration and approval of the Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report. Additionally, the board will discuss the re-appointment of M/s. P.A. & Associates as Internal Auditors and M/s. Ray Nayak and Associates as Cost Auditors for the Financial Year 2026-2027. The trading window for designated persons will remain closed until 48 hours after the declaration of financial results.

Scan Steels Ltd has clarified that the Escrow Payment Mechanism is not applicable to the company. This response was made following an email inquiry dated July 1, 2026. The company stated that as a listed entity, it has not issued or does not currently hold any instruments or arrangements that require the application of this SEBI-regulated mechanism. Consequently, no disclosure or submission regarding the escrow payment mechanism is necessary.

Scan Steels Ltd has announced the closure of its trading window for all promoters, directors, key management personnel, designated persons, and their immediate relatives. This closure is in compliance with the company's Code of Conduct for Prohibition of Insider Trading and SEBI regulations. The trading window will be shut from July 01, 2026, and will reopen 48 hours after the declaration of the un-audited financial results for the quarter ending June 30, 2026. The specific date for the board meeting to consider these results will be intimated separately.

Scan Steels Ltd announced that its Board of Directors, in a meeting held on June 19, 2026, approved participation in upcoming investor meets and conclaves. The Board also approved an investor presentation detailing business operations, growth strategy, and future plans. A significant discussion revolved around proposed expansion and growth initiatives in the steel sector, involving an estimated investment of approximately ₹3850 Crores. These projects are subject to feasibility studies, funding, and regulatory approvals. The meeting also noted that the proposed projects are in preliminary stages.

Scan Steels Ltd's Board of Directors met on June 19, 2026, approving participation in investor meets and an investor presentation. A key highlight was the discussion and approval of proposed expansion and growth initiatives, involving an estimated investment of approximately ₹3850 Crores in various steel-related projects. These projects are subject to feasibility studies, funding, and regulatory approvals. The company will provide further disclosures on material developments.

Scan Steels Ltd announced its Q4 and FY26 financial results, highlighting improved margins and a surge in cash flow from operations. The company's PAT margin expanded to 2.8% in Q4FY26 from 2% in Q4FY25, and cash flow from operations increased fivefold to ₹371 Mn in FY26. Scan Steels is undertaking capex to increase TMT production capacity at Unit 2 to 200,000 TPA by December 2026, funded through internal accruals. Additionally, a pipe mill and galvanizing facility are being set up at Unit 1, expected to commence commercial production by Q2 of FY28.

Scan Steels Ltd announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at its meeting on May 15, 2026. The financial results and auditor's report are available on the company's website and will be published in newspapers as per SEBI regulations. Total Revenue from operations stood at ₹83,825.63 Lacs and Profit after Tax was ₹1,980.53 Lacs for the year ended March 31, 2026.

Scan Steels Ltd's board approved audited financial results for the quarter and year ended March 31, 2026. The standalone financial results show total revenue from operations of ₹838.26 Cr and profit after tax of ₹19.81 Cr for the year ended March 31, 2026. The board meeting, held on May 15, 2026, also approved the auditor's report on the financial results and statements.

Scan Steels Ltd's Board of Directors approved the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, during its meeting on May 15, 2026. The board also approved the auditor’s report on the financial results and statements. The financial results and audit reports are available on the company's website and will be published in the newspaper as per SEBI regulations.

Scan Steels Ltd received in-principle approval from BSE for the proposed preferential issue of 20,42,133 Optionally Convertible Preference Shares (OCRPS) of ₹10 each, convertible into 21,44,239 equity shares of ₹10 each at a price not less than ₹57.12 to promoters and non-promoters. The company has also submitted a listing application on May 12, 2026, for obtaining listing approval of the equity shares.