Steelcast Limited Submits SEBI Compliance Certificate for Q4FY26 Dematerialization Process

1 min read     Updated on 11 Apr 2026, 02:00 AM
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Steelcast Limited filed its Q4FY26 compliance certificate with BSE and NSE on April 10, 2026, confirming proper handling of dematerialization processes as per SEBI Regulation 74(5). The certificate, supported by registrar Bigshare Services Pvt Ltd, confirms that all securities received for dematerialization were properly processed, listed, and physical certificates were mutilated after verification. This quarterly submission maintains the company's regulatory compliance obligations for share transfer and dematerialization activities.

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Steelcast Limited has submitted its quarterly compliance certificate to stock exchanges, confirming adherence to SEBI regulations for dematerialization processes during the quarter ended March 31, 2026. The Gujarat-based company filed the mandatory certificate on April 10, 2026, addressing regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Certificate

The certificate was submitted pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, covering the company's dematerialization activities for Q4FY26. Company Secretary and Compliance Officer Umesh V Bhatt signed the submission, which was digitally authenticated on April 10, 2026.

Parameter Details
Reporting Period Quarter ended March 31, 2026
Filing Date April 10, 2026
Regulation SEBI Regulation 74(5)
Signatory Umesh V Bhatt, Company Secretary

Key Compliance Confirmations

The certificate confirms three critical aspects of the dematerialization process during Q4FY26:

  • Securities received for dematerialization were properly confirmed to depositories with acceptance or rejection status
  • All securities comprised in certificates have been listed on stock exchanges where previously issued securities are traded
  • Physical certificates received for dematerialization were mutilated and cancelled after verification, with depository names substituted as registered owners within stipulated timeframes

Registrar Verification

Bigshare Services Pvt Ltd, serving as the company's Registrar and Share Transfer Agent, provided supporting documentation dated March 31, 2026. The SEBI-registered Category I agent confirmed that all dematerialization processes were completed in accordance with regulatory guidelines.

Service Provider Details
Registrar Bigshare Services Pvt Ltd
SEBI Registration Category I Registrar & Transfer Agent
Certificate Date March 31, 2026
Location Ahmedabad, Gujarat

Stock Exchange Submission

The compliance certificate was simultaneously submitted to both major Indian stock exchanges where Steelcast shares are listed. The company maintains its listing on BSE with stock code 513517 and on NSE with symbol STEELCAS.

This quarterly filing represents part of Steelcast's ongoing regulatory compliance obligations, ensuring transparency in share transfer and dematerialization processes. The company, incorporated in 1972 and headquartered in Bhavnagar, Gujarat, continues to maintain its regulatory reporting schedule as required by securities market regulations.

Historical Stock Returns for Steelcast

1 Day5 Days1 Month6 Months1 Year5 Years
+4.39%+25.61%+28.48%+31.89%+66.74%+388.61%

Will SEBI introduce stricter dematerialization compliance requirements for listed companies in the upcoming regulatory review cycle?

How might Steelcast's consistent regulatory compliance impact its eligibility for inclusion in ESG-focused investment indices?

Could the company's strong compliance track record facilitate any planned corporate actions like bonus issues or stock splits in FY27?

Steelcast Releases Q3FY26 Earnings Call Transcript with Management Commentary

3 min read     Updated on 05 Feb 2026, 07:55 PM
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Steelcast Limited has released the complete transcript of its Q3FY26 earnings conference call held on January 30, 2026, in compliance with SEBI regulations. The transcript features detailed discussions by senior management including Chairman Chetan Tamboli and Whole Time Director Rushil Tamboli on quarterly performance, capacity utilization at 46%, order book of ₹115 crores, and strategic initiatives including product development across 144 new components and geographic diversification to 18 countries.

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Steelcast Limited has released the transcript of its Q3FY26 earnings conference call conducted on January 30, 2026, following the Board of Directors meeting. The comprehensive transcript provides detailed management commentary on the company's quarterly performance and strategic outlook.

Regulatory Compliance and Disclosure

Pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has made the earnings call transcript available to stakeholders. The document was filed with BSE Limited and National Stock Exchange of India Limited on February 5, 2026.

Filing Details: Information
Document Reference: AC/2079
Filing Date: February 5, 2026
BSE Stock Code: 513517
NSE Stock Symbol: STEELCAS
Website Link: Available on company website

Management Participation and Key Personnel

The earnings conference call was moderated by Ernst & Young and featured comprehensive participation from Steelcast's senior management team:

Management Team: Designation
Mr. Chetan Tamboli: Chairman and Managing Director
Mr. Rushil Tamboli: Whole Time Director
Mr. Subhash Sharma: Executive Director and Chief Financial Officer
Mr. Umesh Bhatt: Company Secretary
Moderator: Mr. Kanav Khanna from Ernst & Young

Financial Performance Highlights from Call

During the earnings call, management provided detailed commentary on Q3FY26 performance metrics. The company reported revenue from operations of ₹97.40 crores, representing a moderate decline of 3.08% compared to ₹100.50 crores in Q3FY25.

Key Metrics Discussed: Q3FY26 Q3FY25 Change
EBITDA: ₹31.21 crores ₹29.22 crores +6.81%
EBITDA Margin: 32.04% 29.07% +297 bps
PBT: ₹27.89 crores ₹25.82 crores +8.01%
PAT: ₹20.59 crores ₹19.21 crores +7.17%
PAT Margin: 21.14% 19.11% +202 bps

Strategic Outlook and Business Development

Management highlighted significant product development initiatives across multiple financial years. The company developed 56 parts in FY25, 46 parts in the current FY26, and plans to develop 42 parts in FY27, totaling 144 new components. Management confirmed having tooling and sample purchase orders for all FY27 developments.

Capacity Utilization and Growth Projections

The earnings call revealed current capacity utilization at 46% for Q3FY26, with projections for 58% utilization in the next financial year. Management expressed confidence in achieving approximately 90% capacity utilization by FY29, representing around 26,000 tons of production capacity.

Capacity Metrics: Current Status Projections
Q3FY26 Utilization: 46% -
FY27 Target: - 58%
Long-term Target: - 90% by FY29
Current Order Book: ₹115 crores Executable in Q4FY26

Market Diversification and Export Strategy

Management discussed geographic diversification efforts, currently exporting to 16 countries with plans to expand to 18 countries within 60-90 days. The company maintains competitive pricing advantages over Chinese suppliers across key product categories, with cost advantages of approximately 5%, 12%, and 13% respectively.

For Q3FY26, exports contributed 63% of revenues while domestic sales accounted for 37%. Management projects maintaining export ratios between 55-65% with domestic sales at 35-45% in coming years. US market exposure is expected to moderate from historical 30% levels to approximately 25-26% of total sales.

Infrastructure and Sustainability Initiatives

The company's 2.4-megawatt hybrid power plant project is expected to be commissioned by June 30, 2026, with projected annual savings of ₹3.50-4.00 crores. This initiative supports both cost efficiency enhancement and sustainability objectives while preparing for future volume growth.

Investor Access and Transparency

The complete earnings call transcript is available on the company's website at the provided investor relations link. This disclosure demonstrates Steelcast's commitment to transparency and comprehensive stakeholder communication, providing detailed insights into quarterly performance and strategic direction for interested investors and analysts.

Historical Stock Returns for Steelcast

1 Day5 Days1 Month6 Months1 Year5 Years
+4.39%+25.61%+28.48%+31.89%+66.74%+388.61%

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1 Year Returns:+66.74%