Step Two Corp announced the outcome of its Independent Directors meeting held on March 24, 2026, as part of its regulatory compliance under Regulation 30. The meeting represents a key governance milestone for the Kolkata-based corporation, focusing on comprehensive board performance evaluation and management oversight.

Meeting Overview and Duration

The Independent Directors convened for a focused 40-minute session, commencing at 2:30 PM and concluding at 3:10 PM on March 24, 2026. The meeting was structured to address critical governance evaluation parameters essential for maintaining board effectiveness and regulatory compliance.

Key Discussion Areas

The independent directors conducted a comprehensive review across three primary areas of corporate governance:

Performance Evaluation Framework

The directors systematically reviewed the performance of non-independent directors and evaluated the board's collective effectiveness. This assessment forms a crucial component of the company's governance framework, ensuring accountability and performance standards across all board positions.

The meeting also included a specific evaluation of executive director performance, incorporating valuable perspectives from non-executive directors. This multi-dimensional assessment approach ensures comprehensive leadership evaluation and maintains checks and balances within the corporate structure.

Information Flow Assessment

A significant portion of the meeting focused on assessing the quality, quantity, and timeliness of information flow between company management and the board. This evaluation ensures that directors receive necessary information to effectively and reasonably perform their duties, maintaining transparency and enabling informed decision-making.

Regulatory Compliance

The disclosure was formally communicated to BSE Limited under scrip code 531509, with Whole Time Director Anuj Agarwal (DIN: 02984121) signing the regulatory filing. The company maintains its registered office at "AVANI SIGNATURE" 91A/1, Park Street, Kolkata – 700 016, operating under CIN L65991WB1994PLC066080.

Step Two Corp announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a remarkable operational turnaround. The Board of Directors approved these results during their meeting held on February 6, 2026, which commenced at 4:00 PM and concluded at 4:50 PM.

Financial Performance Overview

The company achieved a significant turnaround in Q3FY26, reporting a net profit of ₹30.54 lacs compared to a substantial loss of ₹151.88 lacs in the corresponding quarter of the previous year. This represents a complete reversal of the company's financial position.

Revenue Components and Growth Drivers

The company's revenue from operations increased dramatically to ₹53.89 lacs in Q3FY26 from ₹6.72 lacs in Q3FY25. The primary contributors to this exceptional growth included:

Expense Management

Total expenses for Q3FY26 were significantly controlled at ₹14.67 lacs compared to ₹215.55 lacs in Q3FY25. The major expense categories showed the following pattern:

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company reported a net loss of ₹55.48 lacs on total income of ₹139.94 lacs, compared to a loss of ₹218.04 lacs on income of ₹305.84 lacs in the corresponding period of the previous year. The company also recorded exceptional items of ₹25.02 lacs during the nine-month period.

Regulatory Compliance and Board Approval

The financial results were prepared in accordance with IND AS notified under the Companies (Indian Accounting Standards) Rules, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. M.K. Kothari & Associates, Chartered Accountants, conducted a limited review of the unaudited financial results as per Regulation 33 of the SEBI Listing Regulations. The company submitted these results to BSE Limited under scrip code 531509.