Scan Steels Ltd Sets November 5 Board Meeting for Q2 Results

Scan Steels Ltd will consider its unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, at a board meeting on November 5, 2026, while 21,44,239 equity shares issued through conversion of OCRPS have received BSE listing approval.

When will Scan Steels consider its September 2026 results?

Scan Steels will consider and approve its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, at a board meeting scheduled for November 5, 2026. The company has said the meeting will begin at 4:00 p.m. at Trishna Nirmalaya Bhawan, Magnetics Square, Patia, Bhubaneswar, Odisha.

The agenda includes the limited review reports related to the results, in line with Regulation 33 of the SEBI Listing Regulations. The board may also discuss other business matters with the chair's permission. The company had informed the exchange that its trading window would remain closed in connection with the results process.

The scheduled date is also shown as the upcoming result date for Scan Steels. The company had previously published unaudited standalone and consolidated results for the quarter ended June 30, 2026, making the September-quarter announcement the next reported financial update referenced in the available disclosures.

What is the BSE approval for Scan Steels shares?

BSE Limited has granted listing approval for 21,44,239 equity shares of Scan Steels issued to promoters and non-promoters on a preferential basis. Each share has a face value of Rs 10 and was issued at a premium of Rs 48, taking the issue price to Rs 58 per equity share.

The shares carry distinctive numbers from 58,602,296 to 60,746,534. The disclosures also refer to trading approval from BSE Limited and an earlier in-principle approval under Regulation 28(1) of the SEBI Listing Regulations, followed by submission of the listing application.

The board had considered the allotment of these 21,44,239 shares on April 27, 2026, following conversion of Optionally Convertible Redeemable Preference Shares, or OCRPS, allotted on a preferential basis. The available information identifies the source of the shares as conversion of OCRPS rather than a fresh public issue.

What are Scan Steels' latest reported financial figures?

Scan Steels reported standalone gross sales of Rs 838.26 crore for the year ended March 31, 2026, compared with Rs 789.20 crore in the preceding year. Sales were Rs 834.49 crore in FY2026, versus Rs 785.03 crore in FY2025, based on the financial data provided.

Net profit was Rs 1.98 crore in FY2026, marginally above Rs 1.96 crore in FY2025. Equity capital was reported at Rs 5.86 crore in both FY2026 and FY2025, compared with Rs 5.24 crore in FY2024. These figures are separate from the later preferential-share listing approval mentioned in the company's disclosures.

For FY2025, the annual report stated that standalone revenue from operations was Rs 789.20 crore, down from Rs 965.41 crore in FY2024. However, profit after tax attributable to shareholders increased to Rs 19.61 crore from Rs 17.73 crore. Standalone basic earnings per share for FY2025 were Rs 3.35, while diluted earnings per share were Rs 3.35.

How does the share listing relate to Scan Steels' capital structure?

The listing approval enables the equity shares issued on conversion of OCRPS to be listed on BSE, where Scan Steels is listed under scrip code 511672. The company's NSE symbol is SCANSTL. The shares were issued to both promoter and non-promoter categories under the preferential allotment route.

At the stated issue price of Rs 58 per share, the 21,44,239 shares represent an aggregate issue value of about Rs 12.44 crore, including face value and premium. This calculation uses only the disclosed number of shares and stated issue price. The company has not provided further details in the supplied material on the individual allottees or their post-listing holdings.

The conversion and subsequent listing process are relevant for shareholders because the number of listed equity shares changes after the converted shares are admitted for trading. The supplied disclosures do not state the revised total paid-up share capital after this allotment, so the precise dilution effect cannot be calculated from the available information.

Why are the November results important for investors?

The September 2026 results will provide the next official view of Scan Steels' revenue, profitability and operational performance after the March 2026 annual figures and the June 2026 quarterly publication. Investors will be able to compare the reported quarter and first-half figures with the company's recent annual financial trend.

Scan Steels operates in the Steel & Iron Products industry. Its earlier annual-report information recorded finished steel production of 1,01,410 metric tonnes and sponge iron production of 1,77,956 metric tonnes in FY2023. Such operating context is relevant when assessing subsequent revenue and profitability disclosures, although the supplied information does not provide production figures for FY2026 or the September 2026 quarter.

The company has also submitted a certificate under Regulation 74(5) of the SEBI Depositories and Participants Regulations, 2018, for the quarter ended September 30, 2026. This is a routine compliance disclosure relating to securities held in dematerialised form and is distinct from the financial-results announcement.

Conclusion

Scan Steels has scheduled its November 5 board meeting to review unaudited standalone and consolidated financial results for the September 2026 quarter and half year. Separately, BSE listing approval for 21,44,239 preferentially issued equity shares completes an important step following their conversion from OCRPS.

The next disclosed event to watch is the board's consideration of the September-quarter and first-half results, along with the associated limited review reports. The supplied disclosures do not state the financial outcome in advance, the revised post-allotment share capital, or individual allottee details.