Steel Exchange India Board Approves Q2 FY27 Unaudited Results & Warrant Conversion
Steel Exchange India's Board approved Q2 FY27 results with total income at ₹34,335.13 lakh and profit before tax at ₹1,762.34 lakh. The company also approved the conversion of over 8 crore warrants into equity shares at ₹9.45 per share, increasing its paid-up capital to ₹1,35,59,41,691.
The conversion of a substantial number of warrants into equity shares directly impacts the company's capital structure and ownership, while the strong financial results signal improved performance and market position.
The approval of financial results showing significant year-on-year growth in revenue and profit, coupled with the successful conversion of warrants, indicates positive operational and financial performance.
Steel Exchange India Limited announced the outcome of its Board Meeting held on November 04, 2026. The Board approved the Standalone & Consolidated Un-Audited Financial Results for the quarter and half-year ended September 30, 2026, along with the limited review reports.
Additionally, the Board approved the conversion of 8,04,23,279 warrants into equity shares of face value ₹1 each. These warrants were converted at an issue price of ₹9.45 per share, including a premium of ₹8.45. The conversion was requested by M/s. India Coke and Power Private Limited and M/s. IMR Steel Private Limited, who collectively held 31,74,60,300 warrants. Following this conversion, the company's issued, subscribed, and paid-up share capital increased from ₹1,27,55,18,412 to ₹1,35,59,41,691, comprising 1,35,59,41,691 equity shares.
The financial results indicate a total income of ₹34,335.13 lakh for the quarter ended September 30, 2026, compared to ₹23,291.16 lakh in the same period last year. Profit before tax for the quarter stood at ₹1,762.34 lakh, a significant increase from ₹211.28 lakh in the prior year's quarter. The company also provided detailed segment-wise revenue and results for Steel, Power, and Logistics businesses.
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STEEL EXCHANGE INDIA LIMITED filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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