Bajaj Steel Industries has scheduled its 65th Annual General Meeting for September 23, 2026. The meeting will convene at Udyam Hall in Nagpur to approve financial statements and declare dividends.

The Board of Directors has recommended a final dividend of ₹1 per equity share for the fiscal year ended March 31, 2026. Shareholders on record as of September 16, 2026, will be eligible for the payout. The company’s register of members and share transfer books will remain closed from September 17 to September 23, 2026.

Agenda Highlights

The ordinary business agenda includes the adoption of audited standalone and consolidated financial statements for FY26. Additionally, the meeting will consider the re-appointment of Deepak Batra as an executive director, who retires by rotation.

Under special business, shareholders will ratify the remuneration payable to M/s Rakesh Misra & Co., the appointed cost auditors. The approved fee is ₹1,00,000 plus applicable taxes and out-of-pocket expenses for the audit of cost records for FY27.

Voting and Logistics

Remote e-voting is available via Central Depository Services (India) Limited. The voting window opens on September 20, 2026, at 9:00 am and closes on September 22, 2026, at 5:00 pm. Physical attendance is also permitted for those who have not voted electronically.

Dividends will be paid electronically in compliance with SEBI regulations effective April 1, 2024. Shareholders holding physical shares must provide updated KYC details, including PAN and bank account information, to facilitate payment. Tax deduction at source (TDS) will apply as per the Income Tax Act, 1961.

Bajaj Steel Industries reported a sharp deterioration in profitability for Q1, swinging to a consolidated net loss of 2.7 million rupees compared to a net profit of 74 million rupees in the same period last year. The results were approved at the rescheduled Board of Directors meeting held on August 10, 2026, after the company had earlier moved the meeting from its original date of August 8, 2026, citing unavoidable circumstances.

Q1 Financial Performance

The company's revenue showed a year-on-year improvement, rising to 1.2 billion rupees from 1.07 billion rupees in the corresponding period of the previous year. However, profitability metrics deteriorated significantly, with EBITDA declining to 59 million rupees from 135.4 million rupees year-on-year. The EBITDA margin compressed sharply to 4.89% from 12.60% in the year-ago period, reflecting a meaningful increase in costs relative to revenues despite the topline growth.

The following table summarises the key financial metrics for the quarter:

Board Meeting and Regulatory Compliance

The financial results were considered and approved at the rescheduled board meeting on August 10, 2026, in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original meeting had been planned for August 8, 2026, but was deferred by two days due to unavoidable circumstances, as communicated by Company Secretary Rachit Jain on August 04, 2026.

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in shares and securities of Bajaj Steel Industries had remained closed for Designated Persons, Connected Persons, and their immediate relatives from July 01, 2026. The trading window was set to reopen 48 hours after the declaration of results following the board meeting.

Key Meeting Details

The Q1 results cover the quarter ended June 30, 2026. While revenue growth signals some improvement in business volumes, the steep contraction in EBITDA margin and the swing to a net loss underscore the pressure on the company's cost structure during the period.