Board Meeting outcome held on 04.08.2026

AcCHo TSI MESCO STEEL 1SO 9001:2008 Partnering Progress 04 August 2026 To, To BSE Limited The Listing Department Corporate Relationship Department The Calcutta Stock Exchange Ltd Floor 25, Phiroze Jeejeebhoy Towers 7, Lyons Range Dalal Street Kolkata-70001 Mumbai-400001 Serip ID: MESCON Scrip Code: 540744 Sub: Outcome of Board Meeting held on Tuesday, 04th August 2026 which commenced at 03:05 PM and conciuded at 03:45 PM Dear Sir/ Madam, Pursuant to Reguiations 30 and 33 of the SEBI (Listing Obligations and Disciosure Requirements) Reguiations, 2015, we wish to inform you that the Board of Directors of Mideast Integrated Steels Limited, at its meeting held today, i.., Tuesday, 04th August 2026, at the Registered Office of the Company situated at H-1, Zamrudpur Community Centre, Kailash Colony, New Delhi — 110048 (convened through Hybrid Mode), inter alia, considered and approved/took note of the following matters: Unaudited Financiai Resuits Considered the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June 2026. Took note of the Limited Review Report issued by the Statutory Auditors on the aforesaid financial results. Board's Report Approved the Board's Report along with its annexures for the Financial Year ended 31st March 2026. Notice of 33rd Annual General Meeting Approved the Notice convening the 33rd Annual General Meeting of the Company. Annual Report Approved the Annual Report of the Company for the Financial Year 2025-26. Closure of Register of Members and Share Transfer Books Approved the closure of the Register of Members and Share Transfer Books of the Company for the purpose of the 33rd Annual General Meeting in accordance with the applicable provisions of the Companies Act, 2013. The Board Meeting commenced at 03:05 PM and concluded at 03:45 PM. 5 ‘We request you to kindly take the above information on your records. Thanking you, Yours faithfully For Mideast Integrated Steels Limited t1¢ = Digitally signed Yachika by Yachika Goel Date: 2026.08.04 Goel 15:50:29 +0530° Yachika Goel Company Secretary & Compliance Officer A25866 MIDEAST INTEGRATED STEELS LIMITED Corporate Identity No. - L74899DL1992PLC050216 Regd. Off.: Mesco Towers, H-L, Zamrudpur, Community Centre, Kailash Colony, New Delhi - 110 048, India, T: 01129241099, 40587085, 40587083 Bhubaneswar Office: Mesco Tower 3915, Lewis Road, Kedargouri Square, Bhubaneswar - 751 014, Odisha, T: 0674-2432755/59, Fax: 0674-2432256 Plant: Kalinga Nagar Industrial Complex, Khurunti, P. . - Danagadi - 755 026, Dist. Jajpur Odisha, T: 06726-266042/45, 0671-2383100, Fax: 06726-266041 Mumbai Office: Unit No. 401, Silver Pearl Bldg. Water Field Road, Bandra (W), Mumbai - 400 050, T: 022-26603173/75/74 Kolkata Office: 14th Floor, Room No. 1412, 16, Strand Road, Kolkata - 700 001, T: 033-66451214 / 1215 : info@mescosteel.com, W: www.mescosteel.com Mideast Integrated Steels Limited Regd. Off.: H-1, Zamrudpur Community Centre, Kailash Colony, New Delhi, 110048 ‘Website: www.mescosteel.com; CIN: L74899DL1992PLC050216; Ph. No. 011-29241099 & 40587085 Statement of Standalone Unaudited financial results for the quarter ended 30th June, 2026 Quarter ended Year ended . 30.06.2026| 31.03.2026| 30.06.2025| 31.03.2026 Particulars Unaudited Audited | Unaudited Audited Rs.In Mn. | Rs. InMn. | Rs. In Mn. | Rs. In Mn. 1 [Revenue from operations 0.00 0.00. 441.67 441.67 2 |Other income 1.88 59.77 9.67 106.22 3 [Total income (1+2) 1.88 59.77 451.35 547.89] 4 |Expenses a) Cost of materials consumed - - - - b) Changes in inventories of finished goods, stock-in-trade and work-in-progress 0.00 0.00 42.86 42.86 c) Employee benefits expense 16.45 22.87 15.67 73.77 d) Finance costs 0.02 0.03 93.89 0.15] e) Depreciation and amortisation expense 92.99 92.05 0.04. 375.04] f) Other expenses 13.39 30.76 463.37 540.85 Total expenses (I) 122.84 145.71 615.82 1032.67 5 [Profit/ (Loss) before from operations before execptional items (3-4) (120.96) (85.94)| (164.48) (484.78) 6 |Exceptional Items - - - - Prior period Expenses - - - - Prior period Income - - - - 7 [Profit/ (Loss) before Tax (5+6) (120.96) (85.94)| (164.48) (484.78) 8 |Tax expense i (178.01)| (178.01) 9 [Net profit/ (loss) after tax (7-8) (120.96) (263.95)| (164.48) (662.79) 10(Other comprehensive income - 3.85) 3.85 11[Total comprehensive income/ (Loss) for the period (9+10) (120.96) (260.10)| (164.48) (658.94) 12|Paid-up equity share capital (Face value Rs. 10/- each) 1378.75 1378.75 1378.75 1378.75 13|Earnings per share (of Rs. 10 each) (non annualised) [including share suspense] a) Basic EPS (0.88) (1.91) (1.19)! (4.81)) b) Diluted EPS (0.88) (1.91) (1.19)! (4.81)) 1 The above results have been reviewed and recommended by the Audit Committee and have been approved and taken on record by the Board ofD irectors at its meeting held on August 04, 2026. In pursuance to the Judgement dated 2nd August, 2017 of Honorable Supreme Court of India, in the matter of Writ Petition (Civil) No. 114 of 2014 (Common Cause v/s Union of India & Others), an amount ofZ 924.75 crores has been imposed on the Company towards 'Compensation' as determined in the said Judgement which was to be paid by 31st December 2017, eventhough the Government Taxes and Royalty was paid on the ores extracted. Since the amount was not paid by the stipulated date, the Honorable Supreme Court ordered to stop ‘mining operations with effect from st January 2018. The Company had filed a'Curative petition' (Civil) before the Honorable Supreme Court of India challenging the Judgement in March 2018 however the petition has been dismissed by the Supreme Court during the reporting quarter. Provision for the above compensation along with interest has not been made in the books of accounts. Further the realization amount from said sale should be deposited with the State of Odisha towards partial satisfaction of the Compensation demand raised by Demand Notice dated 02.09.2017. The Company is in process to sell the iron ore and to comply with the norms, it is further to be noted that Company managed to get an extension of further six ‘months vide last order dated April, 2023. The Company has deposited with the Government Rs. 415.79 cores including GST till July 2023 under protest towards Penalty amount. There was arbitration award received in June 2019 for 718 crores. The Company has already appealed to this Award. The appeal has been admitted in the High Court. The Company is confident to win the award and hence not making any provision in the books. The accompanying notes are an integral part of the financial statements. For and on behalf of the Board of Directors For Ashok Shyam & Associates For Mideast Integrated Steels Limited Chartered Accountants L " B Digitally signed ICAT Reg No. 011223N Rita graty sig by Rita Singh AshokB Gupta Sinah Date: 2026.08.04 M. No. 089858 Ing 16:36:42 +05'30' UDIN: 26089858PCRIGE2966 Place: New Delhi Rita Sing Date: 04.08.2026 Director Chartered Accountants Independent Auditor’s Review Report on the Quartér]y and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Mideast Integrated Steels Limited Mesco Tower, H-1, Zamrudpur Community Centre, Kailash Colony, New Delhi - 110048 We have reviewed the accompanying statement of unaudited standalone financial results of Mideast Integrated Steels Limited (the *Company”) for the quarter ended 30™ June 2026.This statement is the responsibility of the Company s Management and has been approved by the Board ofD irectors. Qur responsibility is to issue a report on these financial statements based on our review. We conducted our review of the Statement in accordance with the Standard on Review | ngagement (SRI12410. “Review of Interim Financial Iaformation Performed by the Independent Auditor of the Entity™ issued [Showing first 8,000 characters — download PDF for full document]