Modern Steels will hold its 52nd Annual General Meeting on Saturday, September 26, 2026, at 2:00 pm via video conferencing. The agenda focuses on key board composition changes and the appointment of a new statutory auditor.

Shareholders holding shares as on the cut-off date of September 19, 2026, are eligible to vote. Remote e-voting will commence on September 23, 2026, at 9:00 am and conclude on September 25, 2026, at 5:00 pm.

Key Resolutions

The agenda includes several ordinary and special resolutions concerning board composition and statutory appointments:

• Reappointment of Chairman: Shareholders will vote to reappoint Mr. Krishan Kumar Goyal as Chairman and Managing Director until the conclusion of the AGM in 2031. His monthly salary is set at ₹2,00,000 plus perquisites.
• Independent Directors: The meeting seeks approval for the appointment of Dr. Surinder Kumar as a Non-Executive Independent Director for a five-year term. It also proposes the reappointment of Prof. Anupama Sharma for a second five-year term.
• Statutory Auditor: M/s Sanjeev Sharma & Associates will be appointed as Statutory Auditors for one year, with a total remuneration of ₹2,50,000 per annum.

Meeting Logistics

The Register of Members and Share Transfer Books will remain closed from September 20, 2026, to September 26, 2026. Physical copies of the Annual Report and AGM Notice are not being dispatched in compliance with recent Ministry of Corporate Affairs and SEBI circulars. Soft copies are available on the company website.

Mr. Rajeev Kumar Sanger has been appointed as the Scrutinizer for the voting process.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE001F01019/93781e61-7acf-4d47-9030-257d12044b05.pdf

Modern Steels Limited reported a standalone net profit of ₹36 lakh for the first quarter ended June 30, 2026, marking a significant improvement over the ₹23 lakh profit recorded in the corresponding period of FY25. The company’s total income rose to ₹58 lakh from ₹47 lakh year-on-year, driven by improved operational performance. Earnings per share (EPS) increased to ₹0.26 from ₹0.16 in Q1FY25. The Board of Directors approved the unaudited financial results in a meeting held on August 11, 2026.

The financial results were reviewed by the statutory auditor and filed with the Bombay Stock Exchange (BSE) under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also published the results in Financial Express and Rozana Express on August 12, 2026, as required under Regulations 30 and 47 of the same framework. The full format of the quarterly results is available on the BSE website and the company’s official portal.

What the Numbers Show

The 57% year-on-year increase in net profit indicates a recovery in profitability for Modern Steels Limited. While total income grew by approximately 23%, the higher growth rate in net profit suggests improved cost management or margin expansion during the quarter. The equity share capital remained unchanged at ₹1,440 lakh, indicating no new equity issuance during the period. Reserves, excluding revaluation reserve, stood at nil as per the audited balance sheet of the previous year, down from ₹449 lakh at the end of FY25, reflecting potential utilization or adjustment of reserves.

The company’s performance in Q1FY26 should be viewed in context with its full-year FY25 results, where net profit was ₹106 lakh on total income of ₹201 lakh. The current quarter’s figures represent a modest contribution relative to the previous fiscal year’s total, but the positive trajectory YoY is notable for investors monitoring turnaround signals.