Scan Steels News

Scan Steels clarifies non-applicability of Escrow rules

Scan Steels Limited informs BSE that Escrow Payment Mechanism requirements under SEBI regulations are not applicable as the company has not issued relevant instruments or arrangements.

Scan Steels Board Meet Set for Feb 5 to Review Q3FY26

Scan Steels Ltd has scheduled its board meeting for February 05, 2026, to consider and approve unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025.

Scansteels Limited Converts 28.31 Lakh NCRPS into 20.42 Lakh OCRPS

Scansteels Limited's Board approved the allotment of 20,42,133 Optionally Convertible Redeemable Preference Shares of Rs. 10 each against conversion of 28,31,139 Non-Convertible Redeemable Preference Shares. The OCRPS are convertible into equity shares at a ratio of 1.05 equity shares per OCRPS until August 11, 2035, with three private companies receiving the allotments.

Scan Steels Reports Mixed Quarterly Performance with Revenue Decline and Profit Recovery

Scan Steels Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported gross sales of Rs 13,295.69 lakhs for the quarter, compared to Rs 13,994.70 lakhs in the same period last year. For the half-year period, total revenue reached Rs 36,495.77 lakhs versus Rs 37,349.97 lakhs in the previous year. The company posted a net loss of Rs 23.41 lakhs for the quarter but achieved a net profit of Rs 994.81 lakhs for the half-year period. Basic earnings per share stood at -0.04 for the quarter and 1.67 for the half-year. The Board of Directors approved these results at their meeting held on October 31, 2025. The company operates in steel manufacturing as its single business segment.