Pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015,the Board of Directors in their meeting held today i.e., ....

Ref: MSL/SECT/BSE/2059 Date: 11th August, 2026 M/s. BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai-400001 Sub: Outcome of the Meeting of Board of Directors duly held on 11th August, 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., Tuesday, the 11th August, 2026 at Chandigarh, considered and approved the following along with other Agenda Items: 1. Standalone Un-Audited Financial Results of the Company for the quarter ended on 30th June, 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. 2. Approved the re-appointment of Mr. Krishan Kumar Goyal as Chairman & Managing Director of the Company for the term of Five (5) consecutive years to hold office from ensuing Annual General Meeting till the conclusion of Annual General Meeting to be held in the year 2031, subject to the approval of shareholders. The said re-appointment is based on the recommendation of the Nomination and Remuneration Committee of the Company. 3. Approved the appointment of Dr. Surinder Kumar (DIN: 11032078) as a Non- Executive Independent Director for his first term of Five (5) consecutive years pursuant to relevant provisions of Companies Act, 2013 and SEBI (LODR) Regulations, 2015. He will hold office as an Additional (Independent) Director upto the ensuing Annual General Meeting. After the confirmation from the Shareholders in the ensuing AGM, he will be regularized as an Independent Director upto the conclusion of AGM to be held in 2031. The said appointment is based on the recommendation of the Nomination and Remuneration Committee of the Company. 4. Approved the re-appointment of Prof. Anupama Sharma as Non- Executive Independent Director of the Company for her Second Term of Five (5) consecutive years to hold office till the conclusion of the Annual General Meeting to be held in the year 2031, subject to the approval of shareholders. The said re-appointment is based on the recommendation of the Nomination and Remuneration Committee of the Company. 5. Approved the appointment of M/s. Sanjeev Sharma & Associates, Chartered Accountants (Firm Registration No. 12326N) as the Statutory Auditors of the Company for a term of one year to hold office from the conclusion of forthcoming Annual General Meeting till the conclusion of the Annual General Meeting to be held in the year 2027, subject to approval of the shareholders. The said appointment is based on the recommendation of the Audit Committee of the Company. 6. The Notice of the 52nd Annual General Meeting of the members of the Company to be held on Saturday, 26th September, 2026 at 02:00 p.m. through Video Conferencing or Other Audio Visual means. 7. Fixed the date of closure of Register of Members and Share Transfer books from 20th September, 2026 to 26th September, 2026 (both days inclusive). 8. Approved the Director’s Report, Corporate Governance Report along with annexures thereto for the Financial Year ended 31st March, 2026. 9. Appointed M/s. Sanger & Associates, Practicing Company Secretaries through its proprietor Mr. Rajeev Kumar Sanger as scrutinizer for the 52nd Annual General Meeting of Company to scrutinize the voting and remote e-voting process and providing the report thereof. 10. Appointed NSDL, an electronic securities depository for the e-voting process. The details w.r.t item no. 2,3,4 & 5 as required under Regulation 30 read with Para A of Part A of Schedule IlI of the SEBI Listing Regulations and Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated 30th January, 2026, is enclosed. 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 03:30 PM (IST) and concluded at 04:44 P.M (IST) on Tuesday 11th August, 2026. Thanking you Yours truly, For Modern Steels Limited Company Secretary & Compliance Officer MODERN STEELS LIMITED UNAUDITED FINANCIAL RESULTS FOR THE QTR ENDING 30.06.2026 Amount Rs in Lakh Quarter Ended Year Ended Particulars 30.6.26 31.3.26 30.6.25 31.3.26 Reviewed | Audited | Reviewed | Audited Part |: Statement of Financial Results 1. INCOME Other Income 58 93 47 201 Total Income 58 93 47 201 Il. Expenses Employees Benefits Expense 9 1 10 40 Depreciation & Amortization 1 - 1 Other expenditure 13 15 14 54 Ill. Total Expenses 22 27 24 95 IV Profit before Exceptional Iltems 36 66 23 106 V Exceptional items - - - - VI. Profit from Ordinary Activities before tax 36 66 23 106 VIl.Tax expense - = - - VIII. Profit for the period from continuing 36 66 23 106 operations IX.Net Profit for the period 36 66 23 106] X.Other Comprehensive Income XI. Total Comprehensive Income for the period 36 66 23 106 comprising Profit and other comprehensive Income XII.Paid-up equity share capital 1,440 1,440 1,440 1,440 Xlll.Reserve excluding Revaluation Reserves - - - 449 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 0.48 0.16 0.77] ii) Diluted EPS 0.26 0.48 0.16 0.77 Place: Chandigarh Date: 11th August, 2026 Notes to the Financial Results 1. 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. 2. The financial results of Modern Steels Ltd. (MSL’, or ‘the Company’) for the quarter ended 30" June 2026 have been reviewed by the Audit Committee subsequently approved at the meeting of Board of Directors held on 11t August, 2026. 3. The statutory auditors of the company have carried out audit of the financial results for the quarter ended 30" June 2026 and have issued unmodified report. The audit report is available on the company’s website at www.modernsteels.com. 4. The provision of deferred tax asset required because of carry forward losses and unabsorbed depreciation has not been recognized due to absence of virtual certain supported by convincing evidence to the effect that sufficient future taxable income would be available against which deffered tax assets can be realized. 5. Figures for the previous period have been reclassified / rearrange / regrouped wherever considered necessary to conform to current Period’s Figures For and on behalf of Board of Directors Place: Chandigarh i Date: 11" August, 2026 (DIN 00482035) APT & Co LLP Chartered Accountants INDIA 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" June, 2026 prepared as per the applicable Indian Accounting Standards (Ind AS) being submitted by the company pursuant to the requirements of regulation 33 of the 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 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'), 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 discl [Showing first 8,000 characters — download PDF for full document]