STEELXIND Board Approves Q1 FY27 Un-Audited Financial Results, Director Remuneration & AGM Notice
Steel Exchange India Limited's Board approved Q1 FY27 un-audited financial results. Standalone and consolidated profit before tax stood at ₹1,502.56 lakhs. The Board also approved remuneration for Whole-time Director Mr. Mohit Sai Kumar Bandi and the continuation of Ms. Bhagyam Ramani as Non-Executive-Independent Director, both subject to member approval. The notice for the 27th AGM was also approved.
The approval of financial results and director-related decisions are material information for stakeholders. The AGM notice is a routine but important corporate event.
The company reported positive financial results and made key decisions regarding director remuneration and AGM preparations.
Steel Exchange India Limited announced the outcome of its Board Meeting held on July 20, 2026. The Board approved the Standalone & Consolidated Un-Audited Financial Results for the quarter ended June 30, 2026, along with the limited review reports.
The Board also approved the remuneration of Mr. Mohit Sai Kumar Bandi, Whole-time Director, for the remaining two years of his tenure, subject to member approval. Additionally, the continuation of Ms. Bhagyam Ramani as Non-Executive-Independent Director beyond the age of 75 was approved, also subject to member approval.
The meeting concluded with the approval of the Notice of the 27th Annual General Meeting, the Board's Report, and other related items, including the fixation of the cut-off date and book closure period. The Secretarial Audit Report for the financial year ended March 31, 2026, was also noted, and M/s B S S & Associates were appointed as Scrutinizers for the AGM's remote e-voting.
Key Managerial Personnels (KMPs) were authorized to determine the materiality of events for disclosures. The financial results indicate a profit before tax of ₹1,502.56 lakhs for the quarter ended June 30, 2026, for both standalone and consolidated figures. The Board Meeting commenced at 11:45 AM and concluded at 3:00 PM.
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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 medium impact: worth reading, rarely worth acting on by itself.
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