Step Two Corporation Limited has scheduled its Annual General Meeting for FY26 on September 28, 2026. The event will take place at the company's registered office in Kolkata.

The Board of Directors approved the AGM date and the accompanying notice during a meeting held on August 21, 2026. The session commenced at 12:30 pm and concluded at 1:10 pm.

Meeting Details

The AGM is set for 10:00 am at "Avani Signature", 91A/1, Park Street, Kolkata-700 016. This location serves as the registered office of the company.

Anuj Agarwal, Director, signed the communication confirming the outcome of the board meeting. The notice was issued to the BSE Ltd. Department of Corporate Services on August 21, 2026.

Step Two Corporation Limited reported a net profit of ₹57.52 lakh for the quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹136.32 lakh recorded in the preceding quarter. The company’s total revenue from operations rose sharply to ₹244.47 lakh, up from ₹89.71 lakh in the corresponding quarter of the previous year. This improvement was primarily driven by ₹221.51 lakh in product sales, a new revenue stream that was absent in Q1FY26. The Board of Directors approved the unaudited financial results on August 11, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors, M.K. Kothari & Associates, conducted a limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410. The review provided moderate assurance that the financial statements were free from material misstatement. Managing Director Anuj Agarwal confirmed that the results were prepared in accordance with IND AS notified under the Companies (Indian Accounting Standards) Rules, 2015. Previous period figures have been regrouped where necessary to ensure comparability.

Financial Performance Overview

Revenue composition shifted significantly in Q1FY27 compared to the previous year. While interest income contributed ₹22.96 lakh, up from ₹9.82 lakh in Q1FY26, the primary growth engine was product sales. In contrast, the company reported no dividend income or rental income during the current quarter. Total expenses amounted to ₹166.11 lakh, down sharply from ₹431.24 lakh in the preceding quarter, largely due to changes in inventory valuation and lower purchases of stock-in-trade.

What the Numbers Show

The most notable aspect of the quarter is the divergence between operational revenue and non-operating items. While the company generated substantial revenue from product sales, it also incurred a net loss on fair value changes of ₹7.67 lakh. However, this was offset by a credit of ₹20.77 lakh in deferred tax expense, which significantly boosted the bottom line. Earnings per share (EPS) stood at ₹0.78 for the quarter, compared to a basic EPS of ₹0.33 in Q1FY26. The shift from a loss position in Q4FY26 to profitability in Q1FY27 highlights the impact of reduced inventory-related expenses and higher product sales volumes.