Steel Strips Infrastructures Ltd has formally notified BSE Limited that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India's regulatory framework for debt securities issuance. The confirmation was submitted on April 16, 2026, addressing compliance requirements under specific SEBI guidelines.

Regulatory Compliance Status

The company's declaration was made pursuant to SEBI circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which governs fund raising by issuance of debt securities by large entities. The confirmation specifically relates to the company's status as on March 31, 2026.

Disclosure Exemption

Due to its non-Large Corporate classification under the SEBI applicability framework, Steel Strips Infrastructures Limited is exempt from the mandatory filing requirements. The company has confirmed that the requirement of filing initial disclosure and annual disclosure does not arise under the current regulatory provisions.

Corporate Information

The company maintains its registered office at Village Somalheri/Lehli P.O. Dappar Tehsil Derabassi, District S.A.S Nagar Mohali Punjab-140506. The formal communication was signed by Deepika Gupta, Company Secretary & Compliance Officer, and submitted to BSE's Department of Corporate Services.

Administrative Details

The notification was processed through BSE Limited's Department of Corporate Services at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. This regulatory confirmation ensures the company's compliance status is properly documented with the stock exchange and relevant regulatory authorities.

Steel strips infrastructures Limited has announced its unaudited financial results for the quarter ended December 31, 2025, along with a significant management change at the senior level.

Financial Performance Q3FY26

The company reported mixed results for the third quarter, with revenue showing marginal growth while losses persisted across both standalone and consolidated operations.

For the nine months ended December 31, 2025, the company's standalone operations generated revenue of ₹102.24 lakhs compared to ₹95.77 lakhs in the corresponding period last year. However, the nine-month standalone net loss stood at ₹58.89 lakhs versus ₹76.04 lakhs in the previous year.

Expense Analysis

The company's expense structure for Q3FY26 showed total expenses of ₹48.95 lakhs compared to ₹49.03 lakhs in Q3FY25. Key expense components included:

• Employee benefits expense: ₹8.39 lakhs (down from ₹15.57 lakhs)
• Other expenses: ₹40.37 lakhs (up from ₹33.27 lakhs)
• Finance costs: ₹0.01 lakhs (unchanged)
• Depreciation: ₹0.18 lakhs (unchanged)

Leadership Change

The company announced a key management transition with immediate effect from February 13, 2026:

Mr. Gourav Kumar brings over 8 years of experience in finance, accounts, taxation, and commercial control to his new role. His appointment was approved by the Board of Directors during their meeting held on February 13, 2026.

Consolidated Results Impact

The consolidated results were significantly impacted by the company's associate, Malwa Chemtex Udyog Limited. The share of loss from associates was ₹1,072.55 lakhs for Q3FY26, substantially higher than the ₹616.23 lakhs loss in Q3FY25. However, for the nine-month period, the associate contributed a profit of ₹589.94 lakhs compared to a loss of ₹814.90 lakhs in the previous year.

Other Comprehensive Income

Both standalone and consolidated operations reported other comprehensive losses of ₹27.93 lakhs for Q3FY26, compared to ₹62.81 lakhs loss in the corresponding quarter last year. This resulted in total comprehensive losses of ₹43.65 lakhs (standalone) and ₹1,116.20 lakhs (consolidated) for the quarter.

The company's paid-up equity capital remained unchanged at ₹864.30 lakhs with a face value of ₹10 per share. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 13, 2026.