Steel Strips Infrastructures reported a net loss of ₹66.28 lakh for the financial year ended March 31, 2026, narrowing from the ₹86.43 lakh loss in FY25. The company has released its Annual Report for FY26 and issued notice for its 53rd Annual General Meeting (AGM), scheduled for September 30, 2026.

Financial Performance

Revenue from operations rose to ₹136.03 lakh in FY26, up from ₹128.81 lakh in the prior year. Despite top-line growth, total expenses stood at ₹209.35 lakh, driven largely by office upkeep expenses of ₹133.31 lakh and employee benefits of ₹39.81 lakh.

Other income increased significantly to ₹7.04 lakh from ₹2.72 lakh previously, primarily due to higher interest income of ₹5.40 lakh. Finance costs dropped sharply to ₹0.02 lakh from ₹10.28 lakh, reflecting lower interest burdens compared to the previous fiscal period.

Strategic Asset Divestment

The most significant operational development during the year was the execution of an agreement to sell four remaining shops at its SAB Mall property in Noida. The company signed an agreement with SMC Enterprises Private Limited for a consideration of ₹15 crore, receiving ₹12.50 crore during the year.

Additionally, Steel Strips Infrastructures entered into a memorandum of understanding with Shubham Properties Private Limited for the transfer of management rights and residual assets of the mall for ₹2 crore, having received ₹1 crore so far. Management intends to utilize these proceeds to pay off company liabilities and expects to complete these transactions in FY27.

Corporate Governance and AGM Details

The Board of Directors has not recommended any dividend for the year due to the losses incurred. At the upcoming AGM on September 30, 2026, shareholders will consider the reappointment of Humesh Kumar Singhal as an independent director for a second five-year term. Sanjay Garg is also up for reappointment as managing director for five years without remuneration.

The Annual Report for FY26 is available on the company website and BSE. Shareholders who have not registered email addresses were sent letters with web-links in compliance with Regulation 36(1)(b) of the SEBI Listing Regulations. The company has also noted the SEBI Master Circular allowing a special window for dematerialization of physical securities sold or purchased prior to April 1, 2019, valid until February 4, 2027.

What the Numbers Show

The reduction in net loss was supported by a substantial decrease in finance costs rather than operational efficiency alone. While revenue grew modestly, the sharp decline in interest expenses—from ₹10.28 lakh to near zero—played a critical role in improving the bottom line. This suggests the company has successfully reduced its debt burden or refinanced obligations, shifting focus toward asset monetization to further stabilize its balance sheet.

Steel Strips Infrastructures has scheduled its annual general meeting for September 30, 2026. The company will close its share transfer books from September 24 to September 30 to facilitate the event.

The meeting will take place at the company's registered office in Chandigarh. Shareholders will vote on the adoption of accounts and other routine business matters. The firm is providing remote e-voting facilities through Central Depository Services (India) Limited.

Voting Schedule

The cutoff date to determine eligibility for voting is September 23, 2026. Only members recorded in the register as of this date can cast their votes. The remote e-voting window opens on September 27 at 9:00 am and closes on September 29 at 5:00 pm.

This intimation complies with Regulation 42 of the SEBI (LODR) Regulations, 2015. It also adheres to Section 91 of the Companies Act, 2013 regarding the closure of share transfer books.