Annual Report for the Financial Year 2025-26

Ca SCAN STEELS LTD. ....+91 8 0093 m1 =152 =21 e CIN : L27209MH1934PLCO76015 | GSTIN : 21AABCME734H1ZQ www scanstesls.com (B Date: 02.09.2026 The General Manager-Listing Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001. Scrip Code - 511672 Sub: Annual Report for the Financial Year 2025-26 Ref: Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/Madam, Please find enclosed the Annual Report of the Company for the Financial Year 2025-26 along with the Notice of the 33 Annual General Meeting (“AGM”) scheduled to be held on Wednesday, September 30, 2026 at 10:30 A.M. (IST) through Video Conferencing (“VC") / Other Audio-Visual Means (“OAVM”). The AGM will be held without the physical presence of the Members ata common venue. Further, pursuant to the applicable circulars issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI"), the Notice of the 33 Annual General Meeting (“AGM”) along with the Annual Report for the Financial Year 2025-26 is being sent electronically to those Members whose e-mail addresses are registered with the Company or their respective Depository Participants. The Notice of the 33t Annual General Meeting (“AGM”) along with the Annual Report for the Financial Year 2025- 26 is also available on the Company’s website at www.scansteels.com. You are requested to take the above information on record. Thanking You, Yours Faithfully, For SCAN STEELS LIMITED Prabir Kumar Das Company Secretary& Compliance Officer (Membership No: F6333) Encl:a/a ‘ 0 Corporate Office : Trishna Nirmalya Registered Office : Office No. 104, 105, E-Square Plot No. 516/1723/3991, 3rd Floor Subhash Road, Vile Parle (East), Mumbai-400057 r Patia, Bhubaneswar-751024 Phone : +91-02226185461, +91-02226185462 Page Contents Scan Steels LTD. Achievements 01 Key Performance Indicator Scan Steels a name to reckon in the steel industry with 02 Corporate Information diversified steel products with the world class technology 03 Chairman’s Message & infrastructure. It is self sufficient in all most all aspects Notice of steel making with own Sponge Iron Plants, Induction Furnace, Rolling Mills, Billet-Caster, & Power Plant that 09 Notice convening Annual General Meeting supports India’s Infrastructure Growth. 25 Information required under Regulation 36 (3) of the SEBI (Listing Obligations and Disclosure The Company has been honoured with ISO 9001, ISO Requirements) Regulations, 2015 Read with 14001 and ISO 45001, ISI 1786, IS 2062 & IS 2830 Secretarial Standard-2 Certificates. Statutory Reports 27 Directors’ Report 68 Management Discussion and Analysis Report Forward-looking statement 76 Corporate Governance Report In this Annual Report, we have disclosed forward-looking 113 Declaration Regarding Code of Conduct by Directors information to enable investors to comprehend our prospects and take investment decisions. This report 114 Certificate of Non-Disqualification of Directors and other statements - written and/or oral – that we 116 CEO/CFO Certificate periodically make contain forward-looking statements that 117 Management Responsibility Report set out anticipated results based on the management’s Financial Statements plans and assumptions. We cannot guarantee that these 119 Independent Auditor’s Report (Standalone) forward-looking statements will be realised, although 130 Annual Accounts for the year 2025-26 we believe we have been prudent in assumptions. (Standalone) The achievements of results are subject to risks, uncertainties, and even inaccurate assumptions. Should 171 Independent Auditor’s Report (Consolidated) known or unknown risks or uncertainties materialise, or 179 Annual Accounts for the year 2025-26 should underlying assumptions prove inaccurate, actual (Consolidated) results could vary materially from those anticipated, 219 Form AOC - 1 estimated, or projected. Readers should keep this in 220 Highlight of financial performance of associate mind. We undertake no obligation to publicly update any companies forward-looking statements, whether as a result of new Go Green Initiative information, future events or otherwise. *The integrity of the information presented in this report has been assured by the Company’s Board and Management. The financial and statutory data presented in this Report is in line with the requirements of the Companies Act, 2013 (including the rules made thereunder), Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Secretarial Standards issued by The Institute of Company Secretaries of India. Assurance on financial statements has been provided by Independent Auditor’s M/s. Das Pattnaik & Co., Chartered Accountants. Further, the Board’s Report contains the secretarial audit report and report on Corporate Governance, provided by M/s. Amarendra Mohapatra & Associates, Practicing Company Secretaries, giving assurance on compliance with secretarial and governance requirements under the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Scan Steels approach to reporting aims at providing quantitative and qualitative disclosures on our relationships with the stakeholders and how our leadership, culture and strategy are aligned to deliver value while managing risks and changes to the external environment. Our Report provides a concise overview of our overall performance and prospects to assist the reader in making an informed decision on our ability to create value and on the future viability of our business. BY ADOPTING NEW-AGE TECHNOLOGY, FOSTERING A CULTURE OF INNOVATION, FORMULATING RESPONSIBLE PRACTICES, EMPOWERING COMMUNITIES, AND BUILDING A FUTURE-READY AND RESILIENT WORKFORCE, SCAN STEELS AIMS TO BECOME THE MOST RESPECTED AND VALUABLE STEEL COMPANY. KEY PERFORMANCE INDICATOR Total Revenue (` in crore) (5.80 % y-o-y) EPS (` per share) (0.90% y-o-y) ` 839.88 ` 3.38 FY 2025-26 839.88 FY 2025-26 3.38 FY 2024-25 793.81 FY 2024-25 3.35 FY 2023-24 967.43 FY 2023-24 3.39 PAT & PAT Margin (` in crore) (1.02% y-o-y) Net-worth (` in crore) (5.64% y-o-y) ` 19.81 ` 441.15 FY 2025-26 19.81 FY 2025-26 441.15 FY 2024-25 19.61 FY 2024-25 417.59 FY 2023-24 17.73 FY 2023-24 399.60 * The above data is calculated as per Standalone Financial Statements. CORPORATE INFORMATION BOARD OF DIRECTORS INSURANCE Mr. Rajesh Gadodia : Non- Executive Chairman United India Insurance Company Limited Tata AIG General Insurance Co. Ltd. Mr. Ankur Madaan : Whole -Time Director The New India Assurance Company Limited Mr. Praveen Kumar Patro : Executive Director ICICI Lombard GIC Ltd Mr. Jitendriya Mohanty : Independent Director REGISTRAR & TRANSFER AGENT (w.e.f 08.08.2025) Adroit Corporate Services Pvt. Limited Ms. P. Monalisha : Independent Women Director 17-20, Jafferbhoy Industrial Estate, (w.e.f 08.08.2025) Makwana Lane, Marol Naka, Andheri (E), Mumbai-400 059. Mrs. Sushama Anuj Yadav : Independent Women Director Tel: +91 22 42270400 / +91 22 42270423 (w.e.f 08.08.2025) +91 22 42270427 / +91 22 42270422 Fax: +91 22 28503748 COMPANY SECRETARY & COMPLIANCE OFFICER Email: info@adroitcorporate.com Mr. Prabir Kumar Das Web Site: www.adroitcorporate.com CHIEF FINANCIAL OFFICER REGISTERED OFFICE Mr. Kalyan Kiran Mishra 104-105, “E- Square”, 1st Floor, Subhash Road, Opp. Havmor Ice Cream, Vile Parle (E), Mumbai – 400057 AUDITORS Ph.: 022-26185461/62, Fax: 022-26185463 STATUTORY AUDITORS Email–id: secretarial@scansteels.com M/s. Das Pattnaik & Co., Web: www.scansteels.com Chartered Accountants CORPORATE OFFICE COST AUDITORS Trishana Nirmalya, M/s. Ray Nayak and Associates, Plot No. 516/1723/3991, 2nd Floor, Cost Accountants Magnetics Chowk, Patia, Bhubaneswar–751024 Ph. 8093115221 SECRETARIAL AUDITORS Email–id: secretarial@s [Showing first 8,000 characters — download PDF for full document]