Steel Exchange India Appoints New CFO, Director; Approves FY26 Audited Financials
Steel Exchange India Limited appointed Vankina Sri Rakesh as CFO and KMP. Suresh Kumar Bandi was assigned additional finance responsibilities. The company approved audited financial results for FY26, reporting a profit after tax of ₹2,699.10 lakh for the year and ₹1,237.04 lakh for the quarter ending March 31, 2026. Anirudh Misra was appointed as Additional Director.
The appointments of CFO and Director are significant for the company's governance and financial operations. The approval of financial results is a routine but important update.
The appointment of key personnel and the approval of audited financial results with an unmodified opinion indicate positive developments for the company.
Steel Exchange India Limited announced the outcome of its Board Meeting held on May 25, 2026. The board approved the appointment of Mr. Vankina Sri Rakesh as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, effective May 25, 2026. Mr. Rakesh brings over 40 years of experience in finance and accounts across various sectors.
Additionally, the board approved the assignment of additional responsibilities for the finance function to Mr. Suresh Kumar Bandi, who will now serve as Whole-Time Director, Joint Managing Director & Director – Finance, also effective May 25, 2026.
The audited financial results for the quarter and financial year ended March 31, 2026, were approved by the board, along with the audit report which received an unmodified opinion. The company also announced the appointment of Mr. Anirudh Misra as an Additional Non-Executive & Non-Independent Director, subject to shareholder approval.
The financial results for the quarter ended March 31, 2026, showed a profit after tax of ₹1,237.04 lakh, compared to ₹476.40 lakh in the same quarter of the previous year. For the full financial year ended March 31, 2026, the profit after tax was ₹2,699.10 lakh, an increase from ₹2,593.42 lakh in the previous year. Revenue from operations for the year ended March 31, 2026, stood at ₹1,05,943.99 lakh.
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STEEL EXCHANGE INDIA LIMITED filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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