Unaudited Financial Results for the Quarter/Half Year ended 30th September, 2026.

^S AIL , No.CA-17(44)/2026-27 27'" October, 2026 The General Manager( MO) The Assistant. Vice President Bombay Stock Exchange National Stock Exchange ofI ndia Ltd. Through BSE Listing Centre ^ Through Neaps Sub: Unaudited Financial Results for the Quarter/Half Year ended 30^'' September. 2026. Dear Sir, The Board of Directors at its meeting held today i.e. 21^^ October, 2026, inter-alia, considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the Quarter /Half year ended 30^^ September, 2026. A copy of the following is enclosed pursuant to SEBI( LODR)R egulations, 2015: • Unaudited Standalone and Consolidated Financial Results for the Quarter /Half Year ended 30^*^ September, 2026 along Segment Information, Statement of Assets and Liabilities and Cash Flow Statement. • L imited Review Report on Standalone and Consolidated Financial Results for the Quarter/Half Year ended 30^*^ September, 2026. • S ecurity cover available in case of non-convertible debt securities. • P ress Release. The Board Meeting commenced at 1600 hours and concluded at 1825 hours. The above are also being uploaded on the website of the Company at www.sail.co.in. Thanking you. Yours faithfully, For Steel Authority of India Limited (Mohit Malpani) ED( F&A)& Company Secretary End. As above. ci sraiiRcTi stRJ cil4l ^ 110 003, : Oil—24367481—86,^^:0 11—24367015, www.saiI.co.ln Steel Authority of India Limited, Ispat Bhawan, Lodhi Road, New Delhi-110 003, Phone :0 11-24367481-86, Fax; 24367015, Website : www.saii.co.ln SAIL PAN No. AAACS7062F SAIL Corporate Identity Number: L27109DL1973GOI006454 ^ ^ ^ ^ There's a little bit ofS AIL In everybody's life I 2 3 4 A P T & Co. LLP V. N. Purohit & Co, V. K. Ladha & C. K. Prusty & Associates, Chartered Accountants, Chartered Accountants, Associates, Chartered Chartered Accountants, 308, 3rd Floor, A-4 Nandlal Bithi, Ground Accountants, 10, Rajarani Colony, Kanchenjunga Building, floor, City Centre, 1st Floor, 36, Drawid Marg, Tankapani Road, Barakhamba Road, Durgapur-713216, Kshir Sagar Colony, Bhubaneshwar-751014, Connaught Place, West Bengal Ujjain-456006, Odisha New Delhi-110001 Madhya Pradesh Independent Auditors' Limited Review Report on Unaudited Standalone Financial results of Steel Authority of India Limited for the quarter and half year ended 30"' September 2026 pursuant to the Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Steel Authority of India Limited 1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of Steel Authority of India Limited ('the Company') for the quarter and half year ended 30'^ September 2026 being submitted by the Company pursuant to the requirements of Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)( 'Listing Regulations'). 2. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), as 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, Regulation 52 and Regulation 54 read with Regulation 63 oft he Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our limited review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) oft he Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above and the consideration of the review reports of the branch auditors referred to in paragraph 6(b) below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting 002301C EAViOlUl DURGAPUR principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Emphasis of Matter: (a) Note No. 3 to the accompanying Statement, which describes that the revenue from operations includes sales to Government agencies aggregating to ? 2,712.55 crore and K 4,775.53 crore for the quarter and six-month period ended 30^ September 2026 respectively (cumulative up to 30"" September 2026 of? 2,3456.97 crores) which is recognized based on provisional prices as per the terms of sales with such Government agencies. (b) Note 6 (I) to the accompanying statement has considered ? 216.70 crore as exceptional item relating to Voluntary Retirement of Employees. (c) Note No. 7 to the accompanying statement, regarding suspension of certain officers and employees of the Company, basis directions from the Ministry of Steel, Government of India and related investigation to be conducted by external investigative agencies on certain matters relating to policy/pricing decisions of the Company. In view of the management, basis their internal assessment, the matter is not likely to have a material impact on the operations of the Company and/or these financial statements. Our conclusion is not modified in respect of above matters. 6. Other Matter: n ( a) The composition oft he Board of Directors oft he Company does not have the requisite number of Independent Directors and Non-Executive Directors on the Board. Also, the company does not have a Woman Director on its Board. Consequently, the composition of the Board of Directors and certain Committees of the Board, including the Audit Committee and the Nomination and Remuneration Committee, was not in compliance with the requirements of Sections 149, 177 and 178 of the Act and Regulations 17, 18 and 19 read with Schedule II of the SEBI LODR Regulations. (b) We did not review the financial results of0 9( Nine) branches/units/marketing regions included in the Unaudited Standalone Financial Statement, whose interim financial information reflects total assets of ? 54,021.75 crore as at 30"^ September 2026 and total revenues of? 12,531.88 crore and ? 22,837.81 crore, total net profit after tax of ? 749.81 crore and ? 1,516.05 crore, and total comprehensive Income of( ? 945.33) crore and (? 290.15) crore for the quarter and half year ended on 30''^ September 2026 respectively and cash flows (net) of? 7.24 crore for the half year ended on 30* September 2026, as considered in the Unaudited Standalone Financial Statement. These interim financial results have been reviewed by the branch auditors, whose 002301C DURGAPUR t'oAocO reports have been furnished to us by the management, and our opinion, in so far [Showing first 8,000 characters — download PDF for full document]