Scan Steels Limited's Board of Directors held a meeting on September 1, 2026 from 4:00 PM to 5:30 PM and approved several matters related to the 33rd Annual General Meeting (AGM) and capital restructuring.

AGM Arrangements

The Board approved convening the 33rd AGM on Wednesday, September 30, 2026 at 10:30 AM (IST) through Video Conferencing/Other Audio-Visual Means. The Notice of the 33rd AGM together with Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 was approved for circulation to members.

Financial Reporting

The Board approved the Annual Report for Financial Year 2025-26, including Directors' Report, Corporate Governance Report, Management Discussion and Analysis Report. The Secretarial Audit Report for FY 2025-26 and Cost Audit Report conducted by M/s. Ray Nayak and Associates, Cost Accountants, Bhubaneswar were also approved.

Share Capital Restructuring

The Board approved a significant alteration of the Authorised Share Capital structure:

  • Existing Authorised Share Capital: ₹86,50,00,000 divided into:
  • 7,15,00,000 Equity Shares of ₹10 each
  • 1,50,00,000 Non-Cumulative Optionally Convertible Redeemable Preference Shares (OCRPS) of ₹10 each
  • Proposed reclassification: Entire 1,50,00,000 Authorised OCRPS of ₹10 each into 1,50,00,000 Authorised Equity Shares of ₹10 each
  • Revised Authorised Share Capital: ₹86,50,00,000 divided into 8,65,00,000 Equity Shares of ₹10 each
  • No change in aggregate Authorised Share Capital amount
  • Consequential alteration of Clause V of Memorandum of Association required

This alteration is subject to approval of members at the 33rd AGM and other applicable approvals.

Shareholder Matters

The Board approved:

  • Book closure from Thursday, September 24, 2026 to Wednesday, September 30, 2026 (both days inclusive)
  • Cut-off date for determining member eligibility: Wednesday, September 23, 2026
  • Remote e-voting facility through CDSL with voting period from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
  • Appointment of CS Abhijeet Jain (Membership No. FCS 4975, CP No. 3426) of M/s. A J & Associates as Scrutinizer

Additional Information

The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

No dividend declaration was made for this AGM. The annual report will be dispatched only through email, with emailing scheduled for September 2, 2026.