Mideast Integrated Steels Board Meeting Agenda May 2026

Meeting Details

The Board of Directors meeting is scheduled for Saturday, 30th May 2026.

Agenda Items

1. Financial Results and Audit Reports

• The Board will consider and approve the Audited Standalone and Consolidated Financial Results for the fourth quarter and financial year ended 31st March 2026.
• The Board will take note of the Statutory Audit Report issued by the Statutory Auditors for the financial year ended 31st March 2026.
• The Board will take note of the CEO/CFO certification submitted pursuant to Regulation 33(2)(a) and Regulation 17(8) of SEBI (LODR) Regulations, 2015.

2. Board and Committee Changes

• Approved the appointment of Mrs. Rita Singh (aged 76 years) as an Additional Director and Executive Whole-Time Director, subject to shareholder approval.
• Approved the appointment of Mrs. Natasha Singh (aged 55 years) as an Additional Director, subject to shareholder approval.
• Approved the re-appointment of Mr. Asit Kumar Ray as an Additional Director, subject to shareholder approval.
• Accepted and approved the resignation/cessation of office of Ms. Shipra Singh Rana from the position of Whole-time Director.
• Approved reconstitution of the Audit Committee and Stakeholder Relationship Committee by appointing Mrs. Rita Singh as a member in place of Ms. Shipra Singh Rana.

3. Investment and Operations

• Approved the sale/disposal of the Company's investment comprising 2,50,000 equity shares held in Mesco Steel Limited at a price of ₹48.22 per share, based on an independent valuation report dated 15th December 2025.
• The Board took note of key operational updates including:
• Resolution of all pending Income Tax cases
• Activation of the debarred Demat accounts of the Company and its promoters
• Settlement of long-pending ex-gratia payments to Plant NE staff amounting to ₹38,48,14,736
• Supreme Court application filed for expedited sale of 8,60,616.102 MT of iron ore stock

4. Statutory Appointments

• Approved the re-appointment of Ms. Tripti Shakya & Co., Practicing Company Secretaries, as the Secretarial Auditor for Financial Year 2026-27.
• Approved the appointment of Prasanta Das & Co. (Mr. Prasanta Das) as the Internal Auditor for Financial Year 2026-27.

Trading Window Closure

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct, the Trading Window for trading in securities of the Company will remain closed until the completion of 48 hours after the announcement of unaudited Financial Results for the quarter and year ended March 31, 2026. All Designated Employees, Directors and key managerial personnel have been instructed not to trade during this period.

Additional Information

The information is available on the company website (www.mescosteel.com) and BSE website (www.bseindia.com).