MSPL2026-01-012026-03-31MSPL2026-03-31MSPL2025-03-31MSPL2025-04-012026-03-31MSPL2026-01-012026-03-31in-capmkt:OtherExpenses1MemberMSPL2025-04-012026-03-31in-capmkt:OtherExpenses1MemberMSPL2026-03-31OtherNoncurrentFinancialAssetsDomain1MSPL2026-03-31OtherNoncurrentAssetsDomain1MSPL2026-03-31OtherCurrentFinancialAssetsDomain1MSPL2026-03-31OtherCurrentAssetsDomain1MSPL2026-03-31OtherNoncurrentFinancialLiabilitiesDomain1MSPL2026-03-31OtherCurrentFinancialLiabilitiesDomain1MSPL2026-03-31OtherCurrentFinancialLiabilitiesDomain2MSPL2026-03-31OtherCurrentLiabilitiesDomain1MSPL2026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1MSPL2025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1MSPL2026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares532650MSPLNOTLISTEDINE752G01015MSP STEEL & POWER LIMITEDMain BoardEquity2025-04-012026-03-312026-05-302026-05-27INRLakhsQuarterlyFourth quarterSingle segmentManufacturing2026-05-3015:00:002026-05-3020:30:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated81631850001239200081755770006122643000959600074610000223787000167451000139638000957898000769562300047995400004799540000-371890000-371890000085184400000012100085196500014115000866080000851956000800086607000080005667966000101.51.42001.51.422025-04-012026-03-31AuditedConsolidated2842964300030763000284604060002228904400045236000-67385000877033000476166000551808000350921500027681117000779289000-1016330000-2370410000-574248000-574248000033720700000050300033771000019180000356890000337739000-29000356919000-2900056679660001046341570000.60.56000.60.56Other Expenses957898000Other Expenses35092150007811131000181525000978660001000001713800093270004880790000102484000590563000522671000943000923126400058562900000862314000449240002434960000166400011523980002457000010111510008044409000001727567300056679660004634157000103021230002847000103049700007622000770880008471000037359000122069000310150200022046900030184030003238872000195647000653602100031065300019600006848634000697070300017275673000Notes to Statement of audited Consolidated Financial Results for the quarter and year ended 31st March,2026 <BR> <BR> 3 The above audited Consolidated Financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 30, 2026.The Statutory Auditors have audited the above consolidated financial results. <BR> 4 These financial results of MSP Steel & Power Limited (“the Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), and its share of the net profit/(loss) after tax and total comprehensive income of its joint venture ,have been prepared in accordance with Indian Accounting Standards (Ind AS), prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rule, 2015 and relevant amendments thereafter. <BR> <BR> 5 As the Group's business activity falls within a single significant primary business segment i.e. "Manufacturing/Trading of Iron & Steel Products", no separate segment information is disclosed. These, in the context of Ind AS 108 on "Operating Segments" are considered to constitute one segment and hence, the Company has not made any additional segment disclosures. <BR> 6 During the financial year 2025-26, the Holding Company has discharged all its obligations under the restructuring arrangement with the consortium of banks including payment of the final Right of Recompense (RoR) amount of Rs.10,163.30 lakhs. The same has been disclosed under Exceptional Items. <BR> Based on the meeting of the Consortium Member Banks held on 19th February 2026, the consortium unanimously agreed that the Company’s all restructuring conditions stand fulfilled. <BR> <BR> 7 On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Holding Company has assessed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India and disclosed the incremental impact under Employee Benefits Expense. The impact for the same is immaterial. The Holding Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effects on the basis of such developments as needed. <BR> 8 During FY 2024-25, the Holding Company had claimed deduction under Section 43B of the Income-tax Act, 1961, in respect of interest liabilities aggregating to Rs. 18,823.26 lakhs, which were suo moto not claimed under Section 43B in earlier years. <BR> The claim has arisen consequent to the conversion of Optionally Convertible Debentures (OCDs) into equity shares during FY 2024-25, pursuant to which the underlying interest liability is considered to have been extinguished. Based on an independent tax opinion obtained from a reputed firm by the management, the Holding Company has concluded that the aforesaid amount represents an unused tax benefit available for set-off against future taxable profits in accordance with the provisions of the Income-tax Act, 1961 and the recognition and measurement principles prescribed under Ind AS 12 – Income Taxes. <BR> Accordingly, the Holding Company has recognized a Deferred Tax Asset of Rs. 4,737.37 lakhs in respect of the aforesaid unused tax benefit, considering that it is probable that sufficient future taxable profits will be available against which such benefit can be utilized. <BR> <BR> 9 The Board of Directors, at its meeting held on November 14th, 2025, approved the issuance of up to 2,80,00,000 equity share warrants of face value Rs.10 each on a preferential basis to promoter company, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations), which was subsequently approved by the shareholders at the extra-ordinary general meeting held on December 12th, 2025. Each warrant is convertible into one fully paid-up equity share at an issue price of Rs.35 per warrant (including premium of Rs.25), aggregating to Rs. 9800.00 lakhs, assuming full conversion. On March 14th, 2026, the Company allotted 2,80,00,000 warrants and received 25% of the issue price (Rs. 2450.00 lakhs) as upfront consideration. The balance 75% is payable upon conversion within 18 months, failing which the warrants shall lapse, and the upfront amount shall be forfeited. The issue and resulting equity shares are subject to applicable provisions of the SEBI ICDR Regulations, the Companies Act, 2013 and other applicable laws. <BR> 10 The figures for the quarter ended March 31, 2026 and the corresponding quarter ended in the previous year as reported in the Statement are the balancing figures between audited figures in respect of the full financial year and the year to date figures upto the end of the third quarter of the current and previous financial year respectively. <BR> <BR> 11 Figures for the previous periods have been regrouped and reclassified to conform to the classification of the current period, wherever considered necessary. <BR> Other Financial Assets102484000Other Non Current Assets943000Other Financial Assets1664000Other Current Assets1011151000Lease Liabilities77088000Lease Liabilities25724000Other Financial Liabilities169923000Other Current Liabilities310653000476166000-1112418000-22337300000000092052200000055180800003894000000162340000277960000000000605037000367996000000-9590100010179860001481883000000000002800000593924000000000000000000000195320000-4685000-57627700000024500000000006460590001823310002714200005663790000-1016330000-9011230004483000044830004044100044924000Items that will not be reclassified to profit or loss1661500016615000Items that will not be reclassified to profit or loss2604900026049000250000068690001411500019180000AuditedtrueSinghi & Cotrue2028-08-31