Steel Exchange India Ltd: Board Approves Audited FY26 Results, Appoints New CFO and Director
Steel Exchange India Limited approved its audited financial results for the quarter and year ended March 31, 2026. The company appointed Mr. Vankina Sri Rakesh as CFO and KMP, and Mr. Anirudh Misra as Additional Director. Mr. Suresh Kumar Bandi's role was expanded to include Director - Finance. The audited financial year revenue was ₹1,05,943.99 lakh, with a net profit of ₹2,699.10 lakh.
The appointment of key personnel like a new CFO and an additional director can significantly influence the company's strategic direction and financial management. The approval of audited results provides clarity on financial performance.
The appointment of new key management personnel and the approval of audited financial results with an unmodified opinion are 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 audited financial results for the quarter and financial year ended March 31, 2026, along with the audit report which received an unmodified opinion. The meeting also saw the appointment of Mr. Vankina Sri Rakesh as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective May 25, 2026. Mr. Rakesh brings over 40 years of experience in finance and accounts across various sectors.
Additionally, Mr. Suresh Kumar Bandi, currently the Whole-Time Director designated as Joint Managing Director, has been assigned the additional responsibility of the finance function, with his designation updated to "Whole-Time Director designated as Joint Managing Director & Director – Finance" effective May 25, 2026. The Board also approved the appointment of Mr. Anirudh Misra as an Additional Non-Executive & Non-Independent Director, subject to shareholder approval. Mr. Misra is a seasoned industry leader with extensive experience in the metals, mining, and international trade sectors.
The financial results indicate a revenue from operations of ₹28,732.75 lakh for the quarter ended March 31, 2026, and ₹1,05,943.99 lakh for the financial year ended March 31, 2026. The net profit for the quarter was ₹1,237.04 lakh, and for the year, it was ₹2,699.10 lakh. The company also provided detailed segment-wise results for Steel, Power, and Logistics businesses, along with its standalone assets and liabilities, and cash flow statement for the year ended March 31, 2026. The Board meeting commenced at 11:30 a.m. and concluded at 2:48 p.m.
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STEEL EXCHANGE INDIA LIMITED filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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