Scan Steels Capital Structure Change
Scan Steels Ltd received trading approval from BSE for 21,44,239 equity shares. These shares were allotted at Rs.58 each following the conversion of OCRPS.
- Value
- ₹12.44 Cr
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Scan Steels Ltd received trading approval from BSE for 21,44,239 equity shares. These shares were allotted at Rs.58 each following the conversion of OCRPS.
Scan Steels Limited has released its Annual Report for the Financial Year 2025-26. The 33rd Annual General Meeting is scheduled for September 30, 2026.
Scan Steels Ltd has scheduled its 33rd Annual General Meeting for September 30, 2026. The company will also close its register of members from September 24 to 30.
Scan Steels Ltd. announced outcomes of its Board Meeting, including convening the 33rd AGM, approval of annual reports, and reclassification of authorized share capital.
Scan Steels Ltd has scheduled a Board Meeting on September 1, 2026. The board will approve the FY 2025-26 annual report and convene the 33rd AGM.
Scan Steels Limited received listing approval from BSE for 21,44,239 equity shares. These shares were issued at Rs. 58 each following the conversion of preference shares.
Scan Steels Limited re-appointed P.A. & Associates as Internal Auditor and Ray Nayak and Associates as Cost Auditor for the financial year 2026-2027.
Scan Steels reported Q1 FY27 revenue of Rs. 257.8 Crore, up 11% YoY. EBITDA grew 21% YoY to Rs. 23.5 Crore, with margins reaching 9.1%.
Scan Steels Ltd reported revenue from operations of ₹257.8 Cr (+11.1% YoY) and net profit of ₹13.2 Cr (+25.7% YoY) for Q1 FY27.
Scan Steels Ltd will hold a board meeting on July 28, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026.
Scan Steels Limited allotted 21,44,239 equity shares worth Rs. 2.14 Crore upon OCRPS conversion. The new shares rank pari-passu with existing equity and await listing approval.
Scan Steels Limited received in-principle listing approval from BSE for a ₹12.25 Crore preferential equity share conversion. This milestone advances its capital raising process.
Scan Steels submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms overall regulatory adherence with no adverse observations.
Scan Steels Ltd has scheduled a Board Meeting for May 15, 2026, to consider and approve audited standalone and consolidated financial results for the year ended March 31, 2026. The trading window for designated persons remains closed until 48 hours after the results declaration.
Scan Steels Ltd allotted 21,44,239 equity shares of Rs. 10 each following the conversion of 20,42,133 optionally convertible redeemable preference shares (OCRPS). The allotment was made to three entities, including Bayanwala Brothers Pvt Ltd, which holds a 16.36% post-allotment stake. The conversion follows a shareholder resolution dated May 14, 2025.
Scan Steels Ltd has scheduled a Board Meeting for April 27, 2026, to consider the allotment of 21,44,239 equity shares. These shares are being issued upon the conversion of existing Optionally Convertible Redeemable Preference Shares (OCRPS) previously allotted on a preferential basis.
Scan Steels Ltd clarified to BSE that the Escrow Payment Mechanism is not applicable to the company. The company has not issued any instruments requiring such a mechanism under SEBI Regulations. This filing serves as a regulatory clarification to the exchange's inquiry.
Scan Steels Ltd submitted its annual disclosure for FY 2025-26 under the SEBI Large Corporate framework. The company confirmed it had no incremental borrowing or mandatory debt issuance requirements for the period. No penalties were applicable for the current or previous block periods.
Scan Steels Ltd submitted its initial disclosure for FY 2026, reporting outstanding borrowings of ₹72.97 Crore. The company confirmed it does not meet the criteria to be identified as a Large Corporate under SEBI's debt-raising framework. CRISIL assigned a long-term credit rating of BBB+/Stable and a short-term rating of A2+.
Scan Steels Ltd submitted a compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate from Adroit Corporate Services confirms that share certificates received for dematerialization have been processed, mutilated, and cancelled as per regulatory requirements.