Modern Steels Ltd (513303)

Modern Steels Limited has scheduled a meeting of its Board of Directors on Monday, October 19, 2026. The board will consider and approve the un-audited financial results for the quarter and half-year ended September 30, 2026. The micro-cap company (market cap of Rs 20 Cr) has reported zero operational revenue in recent quarters, relying primarily on other income. This is a mandatory and routine quarterly procedural filing under SEBI LODR Regulation 29.

• Board meeting scheduled for October 19, 2026
• Agenda includes approval of un-audited results for Q2 and H1 ended September 30, 2026
• Meeting to be held at the corporate office in Chandigarh
• Notice issued pursuant to Regulation 29 of SEBI LODR Regulations, 2015

Modern Steels Limited has submitted its monthly report regarding requests for re-lodgement of transfer of physical shares for September 2026 under the SEBI special window. Registrar MCS Share Transfer Agent Limited confirmed that zero requests were received, processed, approved, or rejected during the month. This is a standard regulatory compliance filing with no impact on the company's financials or operations.

• 0 requests received for re-lodgement of transfer of physical shares during September 2026
• 0 requests processed, approved, or rejected during the month
• Compliance reported under SEBI Circular dated January 30, 2026
• Report provided by RTA MCS Share Transfer Agent Limited dated October 06, 2026

Modern Steels Limited has submitted its Annual Report for FY 2025-26 along with the Notice for its 52nd Annual General Meeting (AGM) scheduled on September 26, 2026. Key agenda items include the re-appointment of Chairman & Managing Director Krishan Kumar Goyal for a 5-year term until 2031, and the appointment of new statutory auditors. The annual report confirms the company currently has no manufacturing operations following a past slump sale of its assets at Mandi Gobindgarh, sustaining operations on commission income.

• 52nd AGM to be held via Video Conferencing on September 26, 2026; e-voting window runs September 23 to 25, 2026 (cut-off: September 19, 2026)
• Proposed re-appointment of Mr. Krishan Kumar Goyal as Chairman & Managing Director for a term ending at the 2031 AGM
• Appointment of M/s Sanjeev Sharma & Associates as Statutory Auditors for FY27 at an annual fee of Rs. 2,50,000
• Disclosed contingent liabilities of Rs. 103.00 lakhs in claims not acknowledged as debts and Rs. 30.46 lakhs in GST tax/penalty demands
• Company reported FY26 Net Profit of Rs. 106 lakhs (EPS Rs. 0.77), though operating revenue from manufacturing remains zero due to prior asset sale

Modern Steels Limited has issued notice for its 52nd Annual General Meeting scheduled for September 26, 2026, via video conferencing. Key resolutions include the adoption of FY26 financial statements and the reappointment of Mr. Krishan Kumar Goyal as Chairman & Managing Director for a five-year term until 2031. Additionally, shareholders will vote on appointing M/s Sanjeev Sharma & Associates as statutory auditors for FY27 at an annual fee of ₹2.50 lakh, along with director appointments. The cut-off date for e-voting eligibility is September 19, 2026.

• 52nd Annual General Meeting scheduled for September 26, 2026, at 2:00 PM via VC/OAVM
• Cut-off date for e-voting set for September 19, 2026; e-voting window runs from September 23 to September 25, 2026
• Special Resolution proposed for re-appointment of Mr. Krishan Kumar Goyal as CMD until the 2031 AGM
• Statutory audit fees proposed at ₹2.50 lakh per annum (₹2.00 lakh statutory audit + ₹0.50 lakh tax/GST fees)

Modern Steels Ltd has recommended the appointment of M/s. Sanjeev Sharma & Associates as its new Statutory Auditors for a one-year term. This appointment follows the completion of the current term of APT & Co. LLP, which ends at the conclusion of the upcoming Annual General Meeting (AGM) on September 26, 2026. The new auditors, established in 1993, will hold office until the 2027 AGM, subject to shareholder approval. This change occurs while the company reports zero TTM revenue and a small market capitalization of Rs 18 Cr.

• Appointment of M/s. Sanjeev Sharma & Associates for a 1-year term starting September 26, 2026
• Existing auditors APT & Co. LLP to complete their term at the conclusion of the 52nd AGM
• New auditor firm (FRN 12326N) established in 1993 with experience auditing major banks like SBI and PNB
• Company reports Rs 0 Cr TTM revenue and a net profit of Rs 1.06 Cr for FY26

Modern Steels reported a net profit of ₹0.36 crore for the quarter ended June 30, 2026, a 56% increase from ₹0.23 crore in the year-ago period, despite having zero manufacturing revenue. The Board has approved the re-appointment of Mr. Krishan Kumar Goyal as Chairman & Managing Director for a five-year term until 2031. Additionally, the company is transitioning its statutory auditors to M/s. Sanjeev Sharma & Associates for a one-year term. The company remains a 'going concern' based on management's intent to start new commercial activities following the previous slump sale of its manufacturing assets.

• Net Profit for Q1 FY27 reached ₹0.36 crore, up from ₹0.23 crore in Q1 FY26.
• Total Income of ₹0.58 crore for the quarter was derived entirely from 'Other Income' and commissions.
• CMD Krishan Kumar Goyal re-appointed for a 5-year term effective from the upcoming AGM until 2031.
• New Independent Director Dr. Surinder Kumar appointed for a 5-year term starting August 11, 2026.
• 52nd Annual General Meeting scheduled for September 26, 2026, to seek shareholder approval for these changes.

Modern Steels reported a total income of ₹58 Lakhs for the quarter ended June 30, 2026, up from ₹47 Lakhs in the previous year's corresponding quarter. Net profit for the period stood at ₹36 Lakhs, compared to ₹23 Lakhs YoY, resulting in an EPS of ₹0.26. The company currently has no manufacturing operations following a prior slump sale of its assets and is generating income through commissions and other activities. The board has also approved the re-appointment of the Chairman & Managing Director for a five-year term until 2031.

• Total income for Q1 FY27 reached ₹58 Lakhs, a 23.4% increase from ₹47 Lakhs in Q1 FY26.
• Net profit increased to ₹36 Lakhs from ₹23 Lakhs in the same quarter last year.
• Re-appointment of Mr. Krishan Kumar Goyal as CMD for a 5-year term until 2031.
• Company confirms zero manufacturing operations; current income is derived from commission-based activities.
• 52nd Annual General Meeting (AGM) scheduled for September 26, 2026.

Modern Steels Limited reported a net profit of ₹36 Lakhs for the quarter ended June 30, 2026, a 56.5% increase from ₹23 Lakhs in the same quarter last year. The company currently has no manufacturing operations following a previous slump sale of its assets, with its total income of ₹58 Lakhs derived entirely from 'Other Income' (commission activities). The board has approved the re-appointment of Mr. Krishan Kumar Goyal as CMD for a five-year term and scheduled the 52nd AGM for September 26, 2026. Despite the lack of core operations, the company continues to prepare accounts on a 'going concern' basis citing future commercial plans.

• Net Profit for Q1 FY27 stood at ₹36 Lakhs compared to ₹23 Lakhs in Q1 FY26.
• Total Income of ₹58 Lakhs for the quarter was comprised entirely of Other Income/Commission Income.
• Basic and Diluted EPS improved to ₹0.26 from ₹0.16 year-on-year.
• Re-appointment of Krishan Kumar Goyal as CMD approved for a 5-year term until 2031.
• Manufacturing revenue remains at ₹0.0 Cr as the company has sold its assets at Mandi Gobindgarh.

Modern Steels Limited has submitted its monthly report regarding the re-lodgement of physical share transfer requests for July 2026. The company reported zero requests received, processed, or approved during the period under the special SEBI window. This is a standard regulatory filing for a micro-cap company with a market capitalization of Rs 18 Cr. Given the company's current financial state of zero TTM revenue, this administrative update has no material impact on its valuation or operations.

• Total number of requests received for physical share transfer in July 2026 was 0
• Total number of requests processed and approved during the month was 0
• Average time taken for processing such requests was 0 days
• The filing is in compliance with SEBI Circular dated January 30, 2026

Modern Steels Ltd has scheduled a board meeting on August 11, 2026, to consider and approve the un-audited financial results for the quarter ended June 30, 2026. The company, which currently reports zero operational revenue (TTM Revenue: Rs 0 Cr), will also fix the date and venue for its upcoming Annual General Meeting (AGM). With a small market capitalization of Rs 19 Cr and a net worth of Rs 19 Cr, the company remains in a stagnant phase with a -22.8% price return over the last 12 months. This meeting is a routine regulatory requirement under SEBI (LODR) Regulations.

• Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results
• Company reported Rs 0.0 Cr revenue for the last four consecutive quarters
• Board to finalize the date, time, and venue for the upcoming Annual General Meeting
• TTM PAT stands at Rs 1 Cr despite zero operational revenue, likely due to other income
• Promoter holding remains stable at 65.53% as of June 2026