Mideast Integrated Steels Limited - Annual report 2025 - 26

MES¢0O STEEL Partnering, Progrens ii" August 2026 To, To BSE Limited The Listing Department Corporate Relationship Department ‘The Caleutta Stock Exchange Ltd Floor 25, Phiroze Jeejeebhoy Towers 7, Lyons Range Dalal Street Kolkata-7 O00] Mumbai-tO0M)| Scrip ID: MESCON Scrip Code: 540744 Sub: Sobmission of Annual Re for the Financial Year 2075-26 pursuant to Regulation 34 of SEBI{LODR) Regulation20s1,5 Dear Sir/Madam, Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please fine enclosed herewith the Annual Report of the Company for the Financial Year ended 3)" March, 2026, together with the Notice convening the Annual General Mecting. You are requested to kindly take the same an record. Thanking you, For Mideast Integrated Steels Limited Yachika pyrctnect Diathec 2002608 5 Goel 17 Sce9 +053 VYachika Goel Company Secretary Cum Compliance Officer AZSthd MIDEAST INTEGRATED STEELS LIMITED Corporate identity No,- LPASSS0L1SSoPLons0S16. Rega. Off: MMesco Towers, Hel, Zamrungur, Community Contre, Padash Colony, Mew Delhi - 100 048, India,T 014-29 41009, 40587085, 404eT0R9 Bhubancswar Office: Masco Tower 3015, Lewie Road, Kecdangourl Square, Bhubanesear= TAL O14, Odisha, TOG Tad 2788 6S, Fan: ORT 2258 Plant: Kalings Magar Industrial Comoles, Khurunti, 2.0. - Damaged - TSS O26, Dist. Jajour Odisha, T: O6726-266049/45, DETI-73ISSL0O, Fee: O6726-266041 faumoal Office: Unk Ne, 401, Sliver Pearl Bide. Waber Field fied, Bandra fi, Murnibal - 00 O80, T: 022-03SS T1S 7Ta Kaleote Oefoce: Lath Floor, Sion Mo. 14012 2Sie.and Road, Kolkata - TO) Od,T OS3-68d8isi5i1d8 E inteBmescosed.com, We wew,meseosiceoem MIDEAST INTEGRATED STEELS LIMITED ANNUAL REPORT 2025-2026 CONTENTS S. No. Topics Page No. 1 . Corporate I nformation 3 2 . Notice of Annual General Meeting 4 –2 8 3 . Directors’ Report 29 – 49 4 . Management Discussion and Analysis Report 50 – 65 5 . Corporate Governance Report 66 6 . Standalone Auditors’ Report 67 – 81 7 . Standalone Financial Statements 82 –1 05 8 . Consolidated Auditors’ Report 106 – 117 9 . Consolidated Financial Statements 118 - 145 CORPORATE INFORMATION Board of Directors Chairperson cum Whole-time Director: Mrs. RitaS ingh (DIN: 00082263) (Appointed on 30.05.2026*) Directors Mrs. Natasha Sinha (DIN:0 0812380) (Executive Director) (Appointed on 30.05.2026*) Mr. Asit Kumar Ray (DIN: 11385159) ( Executive Director) (Appointed on 30.05.2026*) Independent Directors: Mr. Prasant Kumar Mishra (DIN: 03196452) Mr. Amarendra Khatua (DIN: 08039136) Mr. HarshK umar( DIN: 00145653) Chief Finance Officer Mr. UC Dash Company Secretary cum Compliance Officer Mrs. Yachika Goel Statutory Auditors AshokS hyam & Associates Internal Auditor Prasanta Das & Co. Secretarial Auditor Tripti Shakya& Company Company Information CIN: L74899DL1992PLC050216 H-1,Z amrudpur CommunityC entre, Kailash Colony, NewD elhi-110048 Tel:+ 91 (11)4 0587085 Website: www.mescosteel.com Registrar and Transfer Agent M/s Skyline Financial ServicesP vt. Ltd Address: D-153A, Okhla Industrial Area, Phase-I, New Delhi Tel:+ 91 40450193-95 Email:a dmin@skylinerta.com MIDEASTI NTEGRTAED STEELS LIMITED CIN : L74899DL1992PLC050216 Registered Office :H -1, ZamrudpurC ommunity Centre, KailashC olony, New Delhi1-01048 Website : www.mescosteel.com Tel No .: 011-40587085 NOTICE Notice is hereby given that the Thirty Third Annual General Meeting of the Members of the Company MIDEAST INTEGRATED STEELS LIMITED will be held on Saturday, 29 th August, 2026 aMt t P03:h 21rough Video Conferencing / other Audio-Visual Means to transact the following businesses . The proceedings of the Thirty Third Annual General Meeting (“AGM”) shall be deemed to be conducted at the Registered Office of the Company at H-1, Zamrudpur Community Centre, Kailash Colony, New Delhi 110048 whichs hall bet he deemed venueo f theA GM. ORDINARY BUSINESS 1. oT receive, considera nda dopt: A. Audited Standalone Financial Statements of the Company for the year ended March 31, 2026, togetherw ith reports of the Directors and theA uditors thereo n. B. Audited Consolidated Financial Statements for the year ended March 31, 2026 along with the Auditors’ Report thereon. 2. Appointmento f Ms. NatashaS inha asE xecutive Director To consider and, if thought fit, to pass, with or without modification(s), the following resolution as an OrdinaryR esolution : " RESOLVED THAT pursuant to the provisions of Sections 152, 161 and all other applicable provisions, if any, of the Companies Act, 2013, read with the Rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), and pursuant to the applicable provisions of the Articles of Association of the Company, Ms. Natasha Sinha, DIN: 00812380 who was appointed by the Board of Directors as an Additional Director of the Company and who holds office up to the date of this Annual General Meeting, and being eligible, has offered herself for appointment, be and is hereby appointed as a Director oft he Company . RESOLVED FURTHER THAT Ms. Natasha Sinha, DIN: 00812380 be and is hereby appointed as the Executive Director of the Company, liable to retire by rotation, on such terms and conditions, including remuneration, as approved by the Board of Directors and in accordance with the applicable provisions of the Companies Act,2 013. RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorized to do all such acts, deeds, matters and things as may be necessary or expedient to give effect to this resolution." 3. Appointmento f Mr. Asit KumarR ay as ExecutiveD irector To consider and, if thought fit, to pass, with or without modification(s), the following resolution as an OrdinaryR esolution : "RESOLVED THAT pursuant to the provisions of Sections 152, 161 and all other applicable provisions, if any, of the Companies Act, 2013, read with the Rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), and pursuant to the applicable provisions oft he Articles ofA ssociation oft he Company, Mr. Asit Kumar Ray , DIN: 11385159 who was appointed by the Board of Directors as an Additional Director of the Company and who holds office up to the date of this Annual General Meeting, and being eligible, has offered himself for appointment, be and is hereby appointed asa Executive Director of theC ompany ,l iable tor etireb y rotation. RESOLVED FURTHER THAT Mr. Asit Kumar Ray, DIN: 11385159 be and is hereby appointed as the Executive Director of the Company, liable to retire by rotation, on such terms and conditions, including remuneration, as approved by the Board of Directors and in accordance with the applicable provisions of the Companies Act,2 013. RESOLVED FURTHER THAT the Board of Directors of the Company be and is hereby authorized to do all such acts, deeds, matters and things as may be necessary or expedient to give effect to this resolution." SPECIAL BUSINESS 4. Appointmento f Mrs.R ita Singh asW hole-Time Executive Director Toc onsidera nd, if thought fit,t o pass, with orw ithoutm odification, the following resolution as a Special Resolution: "RESOLVED THAT pursuant to the provisions of Sections 152, 161, 196, 197, 198, 203, Schedule V and all other applicable provisions, if any, of the Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and other applicable rules made thereunder (including any statutory modification(s) or re-enactment thereof for the time being in force), and pursuant to the Articles of Association of the Company, consent of the Members be and is hereby accorded for the appointment of Ms. Rita Singh, DIN: 00082263 who was appointed by the Board of Directors as an Additional Director of the Company and who holds office up to the date of this Annual General Meeting, asa Director oft heC ompany. RESOLVED FURTHER THAT pursuant to the provisions of Sec [Showing first 8,000 characters — download PDF for full document]