Promoter group entities of MSP Steel & Power acquired 34,55,000 equity shares through open market purchases on June 2 and June 3, 2026, increasing their collective holding in the company. The transactions were disclosed to the National Stock Exchange of India and BSE Limited under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Acquisition Details

Ginny Traders Private Limited purchased 23,50,000 equity shares on June 2, 2026. Following this acquisition, the entity's total holding increased to 1,07,93,819 equity shares, representing 1.90% of the company's share capital. The transaction was executed on the National Stock Exchange (NSE) for a total value of ₹9,94,00,300.

Sampat Marketing Company Pvt Ltd acquired 11,05,000 equity shares on June 2 and June 3, 2026. This purchase raised the entity's stake to 1,12,84,642 equity shares, accounting for 1.99% of the share capital. The shares were bought via market purchase on the NSE for a total consideration of ₹4,56,40,580.50.

Shareholding Pattern

The disclosures confirm that both entities are part of the promoter group. The acquisitions were executed solely in the equity segment of the spot market, with no activity reported in the derivatives segment by these entities.

The disclosures were submitted in Form C to the company's compliance officer on June 4, 2026. MSP Steel & Power subsequently informed the stock exchanges on June 9, 2026.

MSP Steel & Power returned to profitability in FY26 with a net profit of ₹33.85 crore, reversing the net loss of ₹28.71 crore reported in the previous year. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. Revenue from operations for the year stood at ₹2,842.96 crore, slightly lower than ₹2,905.25 crore in FY25.

For the quarter ended March 31, 2026, the company reported a net profit of ₹85.31 crore, a significant turnaround from the net loss of ₹34.20 crore in the same period last year. Revenue for Q4FY26 was ₹816.32 crore. The board also approved a capital expenditure programme worth approximately ₹500 crore to expand the company’s existing integrated steel manufacturing facilities in Raigarh, Chhattisgarh. The expansion aims to enhance production capacity and improve operational efficiencies.

Financial Performance

The company’s turnaround was driven by a reduction in finance costs and the recognition of a deferred tax asset. Finance costs for the year decreased to ₹47.50 crore from ₹81.12 crore in the previous year. The board also took on record the auditors' report, which included an emphasis of matter regarding the recognition of a deferred tax asset on a deduction claimed under Section 43B of the Income-tax Act, 1961, following the conversion of Optionally Convertible Debentures into equity shares.

Expansion and Fund Utilisation

The proposed expansion will increase the capacity of sponge iron, billet, and rolling mill products, along with an additional 22 MW power plant. The project is expected to be completed in phases, subject to statutory approvals. Additionally, the company disclosed that it had raised ₹24.50 crore through a preferential issue of convertible warrants in March 2026. The funds were utilised for unsecured debt repayment and general corporate purposes, with no deviation from the stated objects.

The statutory auditors, Singhi & Co., issued an unmodified opinion on the standalone and consolidated annual financial results. The trading window for dealing in the company's securities, which was closed since April 1, 2026, will reopen 48 hours after the declaration of the results.