Please find the attached Annual Report

(Formarly known as Steelman Telecom Private Limited) Date: 25.08.2026 The Manager Corporate Rela(cid:415)onship Department Bombay Stock Exchange Limited 1st Floor, New Trading Wing, Phiroze Jeejeebhoy Tower Dalal Street, Fort, Mumbai-400001. Scrip Code: BSE: 543622 Dear Sir/Madam, Subject: Annual Report pursuant to Regula(cid:415)on 34(1) of the SEBI (LODR) Regula on, 2015 for the Financial Year 2025-2026. Pursuant to Regula(cid:415)on 34 of the SEBI (LODR) Regula(cid:415)on, 2015, we submit herewith the Annual Report of the Company for the Financial Year 2025-2026 along with No(cid:415)ce convening the 23rd Annual General Mee(cid:415)ng. The Annual Report for the F.Y. 2025-2026 is also available on the Company’s website at: h(cid:425)ps://www.steelmantelecom.com/pdf/Annual%20Report%202025-2026.pdf This is for your informa(cid:415)on and record. Please acknowledge receipt. Thanking You, Yours faithfully, FOR STEELMAN TELECOM LIMITED (Formerly Steelman Telecom Pvt Ltd) APARUPA DAS (Company Secretary & Compliance Officer) Mb No:42450 Encl.: As above Corporate Office: Mani Casadona, Flat No 15E1, Floor No-15, Plot No-IIF/04, Street No-372, Ac(cid:415)on Area-IIF, New Town, Kolkata-700156. Website: www.steelmantelecom.com | Email: contact@steelmantelecom.in | Phone No. +91-8443022233 | CIN No. L55101WB2003PLC096195 Annual Report 2025-2026 Annual Reort 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 Annual Report 2025-2026 CHAIRMAN’S NOTE: I am pleased to share that your Company has delivered a strong financial performance during the year. The standalone Profit A(cid:332)er Tax (PAT) increased by 13.9%, rising from Rs. 805.75 lakhs to Rs. 917.60 lakhs, reflec(cid:415)ng effec(cid:415)ve cost management and improved opera(cid:415)onal efficiencies. At the same (cid:415)me, the Company recorded an increase in gross revenue from Rs. 17,535.96 lakhs to Rs. 18,759.35 lakhs, supported by favourable market and economic condi(cid:415)ons. The Standalone Earnings Per Share (EPS) also improved from Rs. 8.33 to Rs. 9.48, demonstra(cid:415)ng enhanced profitability on a per-share basis and reinforcing the value created for our shareholders. Looking ahead to FY 2026-27, we are focused on achieving a higher revenue target along with improved consolidated PAT. We are confident that both our subsidiaries, EC Wheels India Private Limited and Steelman Infrastructure Services, Ethiopia, will con(cid:415)nue to strengthen their opera(cid:415)ons, become increasingly self-reliant, and make meaningful contribu(cid:415)ons to the Group's overall growth and profitability. Over the longer term, your Company remains well-posi(cid:415)oned to achieve steady year-on-year growth in the range of 30% to 50%. As a responsible corporate organiza(cid:415)on, we believe that sustainable growth goes hand in hand with meaningful contribu(cid:415)ons to society and the environment. In this regard, I am proud to highlight the significant progress made by your Company. We hold a 50.08% stake in our subsidiary, EC Wheels India Pvt Ltd., which has expanded its business-to-business (B2B) mobility opera(cid:415)ons through a strategic partnership with Rapido, enabling customers to book premium chauffeur-driven vehicles directly through the Rapido pla(cid:414)orm. This collabora(cid:415)on strengthens EC Wheels' market presence by leveraging Rapido's extensive customer network while enhancing access to reliable, premium mobility solu(cid:415)ons. The partnership marks a significant step in scaling the Company's B2B business and reinforcing its posi(cid:415)on in the evolving urban mobility ecosystem. I am also pleased to share that Steelman Telecom Limited remains commi(cid:425)ed to its Corporate Social Responsibility (CSR) ini(cid:415)a(cid:415)ves. Since commencing its CSR programme in FY 2023-24, the Company has steadily increased its social investments, reflec(cid:415)ng its commitment to crea(cid:415)ng a meaningful and las(cid:415)ng impact. The Company spent Rs.10.20 lakh on CSR ac(cid:415)vi(cid:415)es in FY 2023-24, which increased to Rs.15.40 lakh in FY 2024-25 and further to Rs.17.00 lakh in FY 2025-26, demonstra(cid:415)ng a consistent upward trajectory in its CSR contribu(cid:415)ons. Telecommunica(cid:415)ons today are more than just connec(cid:415)vity, they drive innova(cid:415)on, inclusion, and progress. At Steelman Telecom Limited, we remain commi(cid:425)ed to delivering reliable telecom solu(cid:415)ons while crea(cid:415)ng sustainable value for our stakeholders through opera(cid:415)onal excellence, technological innova(cid:415)on, and social responsibility. On behalf of the Board, I sincerely thank our shareholders, customers, business partners, employees, and all stakeholders for their con(cid:415)nued trust and support. Your confidence inspires us to achieve even greater milestones in the years ahead. Warm Regards, Yours truly, Sd/- Girish Bindal Annual Report 2025-2026 FROM THE DESK OF MANAGING DIRECTOR Since the incorporation of our Company, we have come a long way. What began as a small team driven by ambition and determination has evolved into a resilient and growing organization. Today, I am proud to stand before you as the Managing Director of a Company that is not only navigating a highly competitive market but also continuing to achieve sustainable growth. The telecommunications industry remains at the forefront of digital transformation, enabling connectivity, innovation, and economic development. During the past year, the sector has undergone significant changes, including the accelerated deployment of 5G networks, rapid growth in data consumption, increasing adoption of cloud-based and IoT-enabled solutions, and a stronger emphasis on digital inclusion and rural connectivity. While these developments have created substantial opportunities, the industry continues to face challenges arising from intense competition, high capital requirements, evolving regulatory frameworks, spectrum costs, and the continuous need for investment in network infrastructure. The Company's key clients are making substantial investments in telecom infrastructure, creating significant growth opportunities. Vodafone Idea has secured funding of approximately Rs.25,000 crore as part of a Rs.45,000 crore capital expenditure plan for 4G expansion and 5G rollout. Bharti Airtel has announced planned capital expenditure of around Rs.39,000 crore across India and Africa, along with a US$1 billion investment in its data centre business, while Reliance Jio continues to invest heavily in 5G, broadband, digital services, and satellite connectivity. These investments are expected to drive demand for telecom infrastructure and managed services, positioning Steelman Telecom to benefit through higher order inflows, stronger client relationships, expanded pan-India operations, and sustainable long-term growth. Our achievements would not have been possible without the unwavering commitment and dedication of our employees. I extend my heartfelt appreciation to our field technicians, engineers, project teams, and back-office professionals, whose hard work and expertise form the foundation of our success. I also express my sincere gratitude to our Board of Directors for their strategic guidance and invaluable support. Above all, I thank our shareholders for their continued trust, confidence, and encouragement throughout our journey. Thank you for your continued support and trust. Warm Regards, Yours truly, Sd/- Mahendra Bindal Managing Director Annual Report 2025-2026 ORGANIZATION OVERVIEW BRIEF HISTORY OF COMPANY Steelman Telecom Limited was originally incorporated as a private limited company under the name “Dwarka Prasad Bindal & Sons Hotels Private Limited” on May 12, 2003, under the provisions of the Companies Act, 1956, bearing Regist [Showing first 8,000 characters — download PDF for full document]