Considered and Approval of Un- Audited Financial Results for the Quarter and Half Year ended on 30th September, 2026

Ref: MSL/SECT/BSE Date: 19th October, 2026 M/s. BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Sub: Outcome of the Meeting of Board of Directors duly held on 19th October, 2026 Ref: Scrip Name: Modern Steels Ltd., Scrip Code: 513303 & ISIN: INE001F01019 Dear Sir, Pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that the Board of Directors in their meeting held today i.e., Monday, the 19th October, 2026 at Chandigarh, considered and approved the following along with other Agenda Items: Standalone Un-Audited Financial Results of the Company for the quarter ended on 30th September, 2026, along with Limited Review Report thereon issued by Statutory Auditors of the Company. (Copy enclosed) The above results have been duly reviewed and recommended by the Audit Committee to the Board and subsequently approved by the Board. The above information will also be available on the website of the Company at www.modernsteels.com. Please note that the Board of Directors meeting commenced at 03:00 PM (IST) and concluded at 03:50 P.M (IST) on Monday, the 19th October, 2026. Thanking you Yours truly, For Modern Steels Limited Company Secretary & Compliance Officer Encl. : As above MODERN STEELS LIMITED UNAUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER - 2026 ( Amount in Rs Lacs ) Quarter Ended Half Year Ended |Year Ended Particulars 30.09.26 | 30.06.26 | 30.09.25 | 30.09.26 | 30.09.25 | 31.03.26 Reviewed |R eviewed| Reviewed | Reviewed | Reviewed | Audited Part I: Statement of Financial Results I. INCOME Other Income 63| 58 31 121 78 201 Total Income 63, 58 31 121 78 201 Il. Expenses Employees benefits expense 10 9 10 19 20, 40) Depreciation & Amortization - - - - 1 Other expenditure 17 13| 13| 30 27 54 lll. Total Expenses 27| 22 23] 49 47| 95) IV Profit before Exceptional Items 36 36 8 72 31 106 V Exceptional items - - - - - - VI. Profit from Ordinary Activities 36 36, 8 72 31 106 before tax VII.Tax expense - = 2 g 2 .l VIII. Profit for the period from 36 36| 8 72 31 106 continuing operations IX.Net Profit for the period 36 36 8 72| 31 106 X. Other Comprehensive Income - - - - - -| XI. Total Comprehensive Income 36 36 8 72 31 106 for the period comprising Profit and other comprehensive Income XII.Paid-up equity share capital 1,440 1,440 1,440 1,440 1,440] 1,440 XIlIl.Reserve excluding Revaluation - - - 449 Reserves as per balance sheet of previous accounting year XIV. EPS after Extraordinary items - - - - for the period and for the previous year (not to be annualised) i) Basic EPS 0.26 0.26, 0.06| 0.52 0.22 0.77, i) Diluted EPS 0.26 0.26] 0.06 0.52] 0.22 0.77] For and Lon be;half _of Bo_ard %of Dir/ector s Krishan Kumar Goyal Place: Chandigarh 'r,,”"m(mflx\ (Managing Director), Date : 19th October, 2026 (DIN: 00482035) Notes : STATEMENT OF ASSETS & LIABILITIES AS ON 30TH SEPTEMBER - 2026 (Amount in Rs Lacs) Particulars As at 30.09.2026 | As at 31.03.2026 Reviewed Audited A [ASSETS 1 |Non-Currents Assets a) Property, Plant and Equipment 5 5 b) Financial Assets (i) Investments 3 3 (ii) Loans 1,273 1,328 Sub Total Non-Current Assets 1,281 1,336 2 [Current Assets a) Financial Assets (i) Trade Receivables 37 33 (ii) Cash and Bank Balances 36 6 (iii) Loans 509 503 (iv) Others (Recoverable) 9 9 b) Current Tax Assets (Net) 55 54 c) Other Current Assets 11 46 Sub Total Currrent Assets 757 651 TOTAL ASSETS 2,038 1,987 B [EQUITY AND LIABILITIES 1 |Equity (a) Equity Share capital 1,440 1,440 (b) Other Equity 521 449 Sub-total-Shareholders funds 1,961 1,889 2 |Liabilities Current Liabilties (a) Financial Liabilities (i) Borrowings 21 21 (ii) Other Financial Liabilites 49 74 (b) Other current liabilties T 6 Sub-total-Current Liabilities 77 98 TOTAL EQUITY AND LIABILITIES 2,038 1,987 For and on behalf of Board of Directors ishan Kumar Goyal Place: Chandigarh Managing Director) Date : 19th October, 2026 (DIN: 00482035) CASH FLOW STATEMENT FOR THE PERIOD ENDED 30TH SEPTEMBER - 2026 (Amount in Rs Lacs) Particulars 30th September 31st March 2026 Cash Flow from Operating Activities : Net Profit/(Loss) after tax 72 106 +/- Non-cash and non-operating items: i. Interest Income (63) (121) ii. Finance Cost - - iii. Depreciation 1 (63) (120) 2 |Operating profit before working Capital 9 (14) Changes Changes in operating assets and liabilities: i. Trade & Other receivables (15) 28 ii. Trade Payable & Other Liabilities (21) 1 (36) 29 Net Cash Generated from Operating (27) 15 Activities (A) . |Cash Flow from Investing Activities Loans granted (net) (6) - (135) Interest received on loans 63 121 Net Cash used In Investing Activities (B) 57 (14) . |Cash Flow from Financing Activities i. Finance Cost - 2 Net Cash from Financing Activities (C) - o 3 |Net increase/decrease in Cash & Cash 30 1 Equivalents (A+B+C ) 4 |Cash & Cash Equivalents beginning of the 6 5 year 01.04.2026 5 [Cash & Cash Equivalents end of the Period 36 6 30.09.2026 Reconciliation of Cash and Bank balances with Balance Sheet Cash and Bank balances as per Balance 36 6 Sheet Less Bank balances not considered as Cash - - and Cash equivalents Cash & Cash equivalents 36 6 Notes to the Financial Results The company does not have any manufacturing operations as the company has already sold its assets under slump sale at Mandi Gobindgarh (Punjab). Considering the management’s future plans to start commercial activity, the financial statements have been prepared in accordance with the going concern concept. Company has engaged in certain activities and received commission income from these activities. The financial results of Modern Steels Ltd. (‘MSL’, or ‘the Company’) for the quarter ended 30" September, 2026 have been reviewed by the Audit Committee subsequently approved at the meeting of Board of Directors held on 19" October, 2026. The statutory auditors of the company have carried out audit of the financial results for the quarter ended 30" September, 2026 and have issued unmodified report. The audit report is available on the company’s website at www.modernsteels.com. The provision of deferred tax asset required because of carry forward losses and unabsorbed depreciation has not been recognized due to absence of virtual certainty supported by convincing evidence to the effect that sufficient future taxable income would be available against which deferred tax assets can be realized. Figures for the previous period have been reclassified / rearrange / regrouped wherever considered necessary to conform to current Period’s Figures For an—d o n behalf of Board of Directors ishan Kumar Goyal Place: Chandigarh Managing Director) Date: 19t October, 2026 SANJEEV SHARMA & ASSOCIATES @’ CHARTERED ACCOUNTANTS ‘( 1244, GF, Sector 19-B, Chandigarh I BB LA E: casharmasanjeev@gmail.com (©) +91 9888484801 LIMITED REVIEW REPORT The Board of Directors Modern Steels Limited 1. We have reviewed the accompanying statement of un-audited financial results of Modern Steels Limited for the quarter ended 30" September, 2026 prepared as per the applicable Indian Accounting Standards (Ind AS) being submitted by the company pursuant to the requirements of regulation 33 oft he SEBI (Listing Obligation a Disclosure Requirements) Regulation, 2015, as amended (“the Listing Regulations™). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board ofD irectors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. w We conducted our review of the S [Showing first 8,000 characters — download PDF for full document]