Scan Steels Limited has informed the Bombay Stock Exchange (BSE) that the Escrow Payment Mechanism requirements under SEBI regulations are not applicable to the company. The clarification was submitted on April 15, 2026, in response to BSE's request for details relating to the Escrow Payment Mechanism.

Company's Position on Escrow Requirements

In its communication to BSE, Scan Steels Limited clearly stated that the requirement for submission of the Escrow Payment Mechanism does not apply to the listed entity. The company explained that it has not issued any instruments or arrangements for which the said mechanism would be applicable under the relevant SEBI regulations.

Regulatory Compliance Clarification

The company emphasized that since it does not have any instruments or arrangements that fall under the purview of the Escrow Payment Mechanism requirements, no disclosure or submission is required in this respect. This clarification helps establish the company's compliance status with respect to specific SEBI regulations governing escrow arrangements.

Corporate Communication Details

The clarification was signed by Prabir Kumar Das, Company Secretary and Compliance Officer (Membership No: F6333), and submitted to the General Manager-Listing, Department of Corporate Services at BSE Limited. The company requested BSE to take the clarification on record, ensuring proper documentation of its regulatory position.

This communication demonstrates Scan Steels Limited's proactive approach to regulatory compliance and transparent communication with stock exchange authorities regarding applicable regulations and requirements.

Scan steels Limited has submitted its annual disclosure for Financial Year 2025-26 to BSE Limited on April 10, 2026, in compliance with SEBI regulations governing fund raising by large entities through debt securities. The company had previously confirmed its non-Large Corporate status under the Securities and Exchange Board of India (SEBI) framework as on March 31, 2026.

Annual Disclosure Filing Details

The annual disclosure was filed pursuant to SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 and SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. The filing was signed by Prabir Kumar Das, Company Secretary and Compliance Officer, and Kalyan Kiran Mishra, Chief Financial Officer.

Financial Year 2025-26 Borrowing Details

According to the annual disclosure, Scan Steels Limited reported no incremental borrowing activities during FY 2025-26. The company's disclosure indicates that all mandatory borrowing requirements and penalty provisions are marked as "NOT APPLICABLE" for the financial year.

Regulatory Compliance Framework

The disclosure was made in accordance with SEBI regulations that establish criteria for identifying Large Corporates and mandate specific fund-raising requirements through debt securities. Companies classified as Large Corporates must meet stringent disclosure and compliance obligations, including mandatory borrowing through debt markets. The framework requires entities to file annual disclosures within 45 days of the financial year end.

Previous Financial Standing

As per the company's earlier disclosure, Scan Steels Limited had reported outstanding borrowings of INR 72.97 crore as on March 31, 2026, with credit ratings of CRISIL BBB+/Stable for long-term and CRISIL A2+ for short-term obligations from CRISIL Ratings Limited. The company confirmed that it does not meet the criteria prescribed under section 2.2 of the SEBI Circular dated November 26, 2018 for Large Corporate classification.

Corporate Information

Scan Steels Limited operates with CIN L27209MH1994PLC076015 and maintains its registered office at Office No. 104, 105, E-Square, Subhash Road, Vile Parle (East), Mumbai-400057, while its corporate office is located at Trishna Nirmalya, Plot No. 516/1723/3991, 3rd Floor, Patia, Bhubaneswar-751024. The annual disclosure ensures continued compliance with stock exchange listing requirements and maintains transparency with regulatory authorities and stakeholders.