Outcome of Board Meeting held on 31st July 2026 under Regulation 30 of the Listing Regulations for the 1st Quarter ended 30th June 2026.

Date: 31st July, 2026 Listing Department The Manager, National Stock Exchange of India Audit, BSE Limited “EXCHANGE PLAZA”, C-1, Block G, Phirozee Jeejeebhoy Towers Bandra – Kurla Complex, Bandra (E), Dalal Street Mumbai – 400051 Mumbai- 400001 NSE Symbol: MSPL Scrip Code: 532650 Dear Sir, Sub: Outcome of Board Meeting Dear Sir/Madam, We hereby inform the Exchange that the Board of Directors in their meeting held on 31st July 2026, have considered, taken on record and approved the following items: 1. The Unaudited Standalone and Consolidated Financial Results of the Company for the 1st Quarter ended on 30th June 2026 pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. The Limited Review Report on the Financial Statements of the Company for the 1st Quarter ended on 30th June 2026. The following disclosures are being made in compliance with the SEBI Circular No. SEBI/HO/CFD/CFD- PoD2/CIR/P/2024/185 dated December 31, 2024, read with Circular No. 20250102-4 issued by BSE Audit and Circular No. and NSE/CML/2025/02 issued by the National Stock Exchange of India Audit, both dated January 2, 2025. A. For Regulation 30 & 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we enclose herewith the following documents:  Unaudited Standalone and Consolidated Financial Results of the Company for the 1st Quarter ended on 30th June 2026.  The Limited Review Report on the Financial Statements of the Company for the 1st Quarter ended on 30th June 2026. B. Statement on Deviation or Variation for Proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement etc. annexed as Annexure-I C. Format for Disclosing Outstanding Default on Loans and Debt Securities There is no default on Loans and Debt Securities for the said quarter. S. Particulars In INR Crore 1 Loans / revolving facilities like cash credit from banks / financial institutions 2 Total amount outstanding as on date 3 Of the total amount outstanding, amount of default as on date Not Applicable 4 Unlisted debt securities i.e. NCDs and NCRPS 5 Total amount outstanding as on date 6 Of the total amount outstanding, amount of default as on date 7 Total financial indebtedness of the listed entity including short- Not Applicable term and long-term debt D. Format for Disclosure of Related Party Transactions (Applicable Only for Half-Yearly Filings i.e., 2nd And 4th Quarter) – Not Applicable for this quarter E. Statement on the Impact of Audit Qualifications (For Audit Report with Modified Opinion) Submitted Along with Annual Audited Financial Results (Standalone and Consolidated separately) (applicable only for Annual Filing i.e., 4th quarter) – Not applicable 3. Reviewing Exis(cid:415)ng Corporate Policies. The above information will also be made available on the Company’s website. The aforesaid Board Meeting commenced at 5:00 P.M. and concluded at 7:00 P.M This is for your kind information and record. Thank You. Yours faithfully, For MSP STEEL & POWER LTD Shreya Kar Company Secretary & Compliance Officer Annexure – I STATEMENT OF DEVIATION/ VARIATION IN UTILISATION OF FUNDS RAISED Name of listed entity MSP STEEL & POWER LTD Mode of Fund Raising Preferential Issue of Convertible Warrants Date of Raising Funds 14th March, 2026 (Date of allotment) Amount Raised Rs. 24.50 crores (Upfront receipt of 25% of total consideration) Report filed for Quarter ended 30th June 2026 Monitoring Agency Not Applicable Monitoring Agency Name, if applicable Not Applicable Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms Not Applicable of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation/ Variation Not Applicable Comments of the Audit Committee after review NIL Comments of the auditors, if any NIL Objects for which funds have been raised and where there has been a deviation, in the following table: Original Object Modified Original Modified Funds Utilized Amount of Remarks Object, if any Allocation allocation if (INR Crores) Deviation/ if any (INR Crores) any As on June Variation for 30, 2026 the quarter according to applicable object (INR Crores) Unsecured Debt Repayment - Repayment or pre-payment in full Not A. Original Not Rs. 24.50 Crs Rs. 0 Refer or part, of certain Applicable Allocation Applicable Note identified unsecured loans availed Amount = ₹ by the Company 98.0 Crores (considering Payment in accordance with 100% Restructuring Scheme of the conversion of Company – with Warrants into payment of Right to Recompense equity shares (ROR) the company will be eligible within the to exit from the restructuring stipulated framework time.) General Corporate Purpose- B. Modernisation and maintenance Subscription of plant and machinery, including amount purchase, Received- refurbishment, replacement, 25% of the upgradation repairs and Original maintenance of plant & Allocation machinery to ensure smooth and Amount i.e. uninterrupted manufacturing Rs. 24.50 operations Crores Note: The Company has allotted 2,80,00,000 (Two Crores Eighty Lakhs) convertible warrants of face value of Rs.10 (Rupees Ten) each at a price of Rs. 35/- (Indian Rupees Thirty-Five only) including a premium of up to Rs. 25/- (Indian Rupees Twenty-Five Only) per warrant. Warrants have been allotted upon receipt of 25% of the total consideration i.e. Rs. 24.50 crores (i.e. receipt of Rs. 8.75/- per warrant - out of the total of Rs. 35/- per warrant) and are convertible into equal number of equity shares upon receipt of the balance amount i.e., Rs. 26.25/- per warrant, within the stipulated time. #Total Consideration receivable subject to 100% conversion of warrants = Rs. 98,00,00,000 Upfront subscription money received which is 25% of Total Consideration = Rs. 24,50,00,000 Utilised amount up to 30th June 2026 out of the upfront subscription money received = Rs. 24,50,00,000 Therefore, unutilised amount up to 30th June, 2026 = Rs. 0 Details of category-wise utilisation for quarter ended June 30, 2026 as under: Amount Amount Amount Amount Utilized as at Sr. Utilized During Utilized at the Total Unutilized Item Head Allocation Beginning of No. the Quarter End of the Amount (Rs.) (Rs.) the Quarter (Rs.) Quarter (Rs.) (Rs.) Unsecured Debt Repayment - Repayment or pre- payment in full or 1 part, of certain 75,00,00,000 1,50,00,000 0 1,50,00,000 73,50,00,000 identified unsecured loans availed by the Company Payment in accordance with Restructuring Scheme of the Company – with 2 payment of Right 18,50,00,000 18,50,00,000 0 18,50,00,000 0 to Recompense (ROR) the company will be eligible to exit from the restructuring framework General Corporate Purpose- Modernisation and maintenance of plant and machinery, including purchase, refurbishment, replacement, 3 upgradation 4,50,00,000 2,84,15,845.46 1,65,84,154.54 4,50,00,000 0 repairs and maintenance of plant & machinery to ensure smooth and uninterrupted manufacturing operations Net Proceeds 98,00,00,000 22,84,15,845.46 1,65,84,154.54 24,50,00,000 73,50,00,000 Deviation or variation could mean: (a) Deviation in the objects or purposes for which funds have been raised; or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed; or (c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. MSP STEEL & POWER LIMITED CIN No : L27109WB1968PLC027399 Regd. Office: 10th Floor, South City Business Park, 770 Anandapur, EM Bypass, Kolkata ‐ 700107 Fax : ‐91‐33‐4005 7700 Email : contactus@mspsteel.com, web : www.mspsteel.com Statement of Un‐audited Standalone Financial Results for the quarter ended 30th June,2026 (₹ in Lakhs) Quarter Ended Year Ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Particulars (Audited) (Un‐audited) (Un‐audited) (Audited) Refer Note 4 1 Income (a) Re [Showing first 8,000 characters — download PDF for full document]