Integrated Filing — IndAS



General information about company

Scrip Code 534748
NSE Symbol STEELXIND
MSEI Symbol NOTLISTED
ISIN INE503B01021
Name of company Steel Exchange India Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 20-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 13-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 20-07-2026   11:45:00
End date and time of board meeting 20-07-2026   15:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 2
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no Default on loans or Debt Securities during the quarter under review



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 26,971.39 26,971.39
Other income 99.53 99.53
Total income 27,070.92 27,070.92
2 Expenses
(a) Cost of materials consumed 20,251.30 20,251.30
(b) Purchases of stock-in-trade 309.39 309.39
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (676.35) (676.35)
(d) Employee benefit expense 1,189.03 1,189.03
(e) Finance costs 1,398.16 1,398.16
(f) Depreciation, depletion and amortisation expense 623.21 623.21
(f) Other Expenses
1 Impairment allowance for doubtful debts and other receivables 48.16 48.16
2 Other Expenses 2,425.47 2,425.47
Total other expenses 2,473.63 2,473.63
Total expenses 25,568.37 25,568.37
3 Total profit before exceptional items and tax 1,502.55 1,502.55
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,502.55 1,502.55
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,502.55 1,502.55
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 1,502.55 1,502.55
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 1,502.55 1,502.55
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 12,755.18 12,755.18
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.12 0.12
Diluted earnings (loss) per share from continuing operations 0.12 0.12
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.12 0.12
Diluted earnings (loss) per share from continuing and discontinued operations 0.12 0.12
24 Debt equity ratio 0.2700 0.2700
25 Debt service coverage ratio 1.2300 1.2300
26 Interest service coverage ratio 2.5200 2.5200
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) (1) The above financial results for the quarter ended 30th June 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 20-07-2026 and a limited review of the same was carried out by the Statutory Auditors of the Company (2) Considering the requirements under Indian Accounting Standard (Ind AS) 108 on Operating Segments the Company has identified sale of Steel, Power and Logistics as primary business segments and accordingly the disclosures have been made. As per this standard the Company has reported segment information as described below: (a) The steel segment includes production and marketing operations of Sponge iron, Billets & Rebars (TMT). (b) The power segment includes generation and marketing operations of Thermal based power. (c) The logistics segment includes handling of bulk cargo through Railway Rakes, Transportation etc. (3) In April 2026 the Company has allotted 2,82,97,870 Equity Shares on the conversion of share warrants having a face value Rs. 1/- each, at a Premium of Rs.13.10 per share for an amount of Rs 3989.99 lakhs by way of preferential allotment to Gunakala Vijayalakshmi. (4) During the quarter, the company has issued 36,14,60,300 Convertible Equity Share Warrants of face value Rs.1/- each, at a Premium of Rs.8.45 per warrant for an amount of Rs. 34157.99 lakhs by way of preferential allotment to the various parties. Against this, the company has received Rs.14089.50 lakhs upon allotment of Convertible Equity Share Warrants. (5) 3828, 14.06 % Listed, rated, redeemable, secured, Non-Convertible Debentures (NCDs) of Rs.10,00,000 each (issue price) held by Kotak Credit Opportunities Fund are stated at reduced face value of Rs. 3,87,345 each NCD as on 30-06-2026 after part payment of stipulated mandatory payments to the NCD holders during the quarter. (6) SEIL Infra Logistics Limited, was incorporated on June 29 2025 as a wholly owned subsidiary of Steel Exchange India Limited. During the quarter Rs. 5 lakhs investment was made by the Company in the wholly owned subsidiary SEIL Infra Logistics Limited. As on the reporting date, the company has not commenced any business operations. (7) Provisions for Deferred tax, provision for acturial valuation on employee benefits, bonus, income tax etc. shall be provided in the year end. (8) Other income includes interest, lease rentals received and miscellaneous income. (9) Previous year and quarter figures have been re arranged and regrouped where ever considered necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Steel 26,582.16 26,582.16
2 Power 2,640.06 2,640.06
3 Logistics 0.0016283 0.0016283
Total Segment Revenue 29,385.05 29,385.05
Less: Inter segment revenue 2,413.67 2,413.67
Revenue from operations 26,971.38 26,971.38
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Steel 2,810.39 2,810.39
2 Power (67.44) (67.44)
3 Logistics 157.77 157.77
Total Profit before tax 2,900.72 2,900.72
i. Finance cost 1,398.16 1,398.16
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 1,502.56 1,502.56
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Steel 1,22,750.83 1,22,750.83
2 Power 20,861.51 20,861.51
3 Logistics 4,428.77 4,428.77
Total Segment Asset 1,48,041.11 1,48,041.11
Un-allocable Assets 0.00 0.00
Net Segment Asset 1,48,041.11 1,48,041.11
4 Segment Liabilities
Segment Liabilities
1 Steel 30,388.66 30,388.66
2 Power 2,364.40 2,364.40
3 Logistics 5.40 5.40
Total Segment Liabilities 32,758.46 32,758.46
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 32,758.46 32,758.46
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) (1) The above financial results for the quarter ended 30th June 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 20-07-2026 and a limited review of the same was carried out by the Statutory Auditors of the Company (2) Considering the requirements under Indian Accounting Standard (Ind AS) 108 on Operating Segments the Company has identified sale of Steel, Power and Logistics as primary business segments and accordingly the disclosures have been made. As per this standard the Company has reported segment information as described below: (a) The steel segment includes production and marketing operations of Sponge iron, Billets & Rebars (TMT). (b) The power segment includes generation and marketing operations of Thermal based power. (c) The logistics segment includes handling of bulk cargo through Railway Rakes, Transportation etc. (3) In April 2026 the Company has allotted 2,82,97,870 Equity Shares on the conversion of share warrants having a face value Rs. 1/- each, at a Premium of Rs.13.10 per share for an amount of Rs 3989.99 lakhs by way of preferential allotment to Gunakala Vijayalakshmi. (4) During the quarter, the company has issued 36,14,60,300 Convertible Equity Share Warrants of face value Rs.1/- each, at a Premium of Rs.8.45 per warrant for an amount of Rs. 34157.99 lakhs by way of preferential allotment to the various parties. Against this, the company has received Rs.14089.50 lakhs upon allotment of Convertible Equity Share Warrants. (5) 3828, 14.06 % Listed, rated, redeemable, secured, Non-Convertible Debentures (NCDs) of Rs.10,00,000 each (issue price) held by Kotak Credit Opportunities Fund are stated at reduced face value of Rs. 3,87,345 each NCD as on 30-06-2026 after part payment of stipulated mandatory payments to the NCD holders during the quarter. (6) SEIL Infra Logistics Limited, was incorporated on June 29 2025 as a wholly owned subsidiary of Steel Exchange India Limited. During the quarter Rs. 5 lakhs investment was made by the Company in the wholly owned subsidiary SEIL Infra Logistics Limited. As on the reporting date, the company has not commenced any business operations. (7) Provisions for Deferred tax, provision for acturial valuation on employee benefits, bonus, income tax etc. shall be provided in the year end. (8) Other income includes interest, lease rentals received and miscellaneous income. (9) Previous year and quarter figures have been re arranged and regrouped where ever considered necessary.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 30-04-2026
Amount Raised 3,990.00
Report filed for Quarter ended 30-06-2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NIL
Comments of the auditors, if any NIL
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 The proceeds of the Preferential Issue shall be utilized for Capex and working capital requirement and other general corporate purposes of the Company. NA 3,990.00 0.00 3,990.00 0.00


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (2)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 30-04-2026
Amount Raised 34,158.00
Report filed for Quarter ended 30-06-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Infomerics Valuation and Rating Limited
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NIL
Comments of the auditors, if any NIL
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Working Capital Requirements NA 14,639.14 0.00 5,406.42 0.00
2 Repayment/ Servicing of financial facilities availed by the Company NA 11,223.34 0.00 7,492.40 0.00
3 General Corporate Purposes NA 8,295.51 0.00 1,182.58 0.00


Signatory Details

Name of signatory Raveendra Babu M
Designation of person Company Secretary and Compliance Officer
Place Hyderabad
Date 20-07-2026