HSM Investments Acquires 21.51% Stake in Bengal Steel Industries Through Amalgamation Scheme

Bengal Steel Industries , a BSE-listed steel company, has seen a significant change in its ownership structure as HSM Investments Limited, a promoter group entity, substantially increased its stake through an off-market transfer under a scheme of amalgamation. The transaction, which took place on November 15, 2025, resulted in HSM Investments acquiring 10,53,936 shares, representing a 21.51% stake in Bengal Steel Industries.

Shareholding Impact

The acquisition has substantially altered the ownership structure of Bengal Steel Industries:

Aspect	Before Acquisition	After Acquisition
HSM's Shareholding	1.02%	22.53%
Shares Acquired	-	10,53,936
Stake Increase	-	21.51%

This move marks a significant change in the company's ownership dynamics, with HSM Investments emerging as a major shareholder.

Transaction Details

Date of Transaction: November 15, 2025
Type of Transaction: Off-market transfer
Mechanism: Scheme of amalgamation

The use of a scheme of amalgamation for this transaction suggests a structured corporate reorganization, potentially involving the merger of related entities or a restructuring within the promoter group.

Potential Implications

This substantial increase in HSM Investments' stake could have several implications for Bengal Steel Industries:

Change in Control: The significant jump in ownership from 1.02% to 22.53% may lead to changes in the company's management and strategic direction.
Corporate Governance: With a larger stake, HSM Investments may have increased influence over the company's decision-making processes.
Market Perception: This move by a promoter group entity might be viewed as significant by the market, potentially impacting the stock's performance.

Investors and market watchers will likely be keen to observe any subsequent changes in Bengal Steel Industries' operations or strategy following this significant shift in ownership structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-100.00%	0.0%	0.0%	0.0%	0.0%	-100.00%

Bengal Steel Industries Limited has announced its financial results for the first half of the fiscal year 2025-26, showcasing a remarkable improvement in profitability. The company's performance indicates a strong recovery and efficient cost management.

Financial Highlights

Particulars (in Rs. Lakhs)	H1 FY2026	H1 FY2025	YoY Change
Revenue from Operations	30.00	27.00	11.11%
Net Profit (Standalone)	12.23	0.15	8053.33%
Net Profit (Consolidated)	12.11	(0.11)	N/A
Employee Benefit Expenses	5.20	4.66	11.59%
Other Expenses	9.86	21.72	-54.60%

Operational Performance

Bengal Steel Industries Limited maintained a steady revenue stream, with operations revenue increasing to Rs. 30.00 lakhs from Rs. 27.00 lakhs for the half-year ended September 30, 2025. This represents a growth of 11.11% year-over-year.

Profitability Surge

The standout feature of BSIL's H1 FY2026 results is the substantial increase in profitability. On a standalone basis, the company reported a net profit of Rs. 12.23 lakhs, compared to Rs. 0.15 lakhs in the corresponding period of the previous year. This represents an impressive year-on-year growth of 8,053.33%.

The consolidated results paint a similar picture of improved performance. BSIL posted a consolidated net profit of Rs. 12.11 lakhs for the half-year, reversing the loss of Rs. 0.11 lakhs incurred in the prior period.

Cost Management

A key factor contributing to the profit surge appears to be effective cost management. While employee benefit expenses saw an increase of 11.59% to Rs. 5.20 lakhs, other expenses witnessed a significant reduction of 54.60%, decreasing from Rs. 21.72 lakhs to Rs. 9.86 lakhs.

Liquidity Position

The company's liquidity position has also improved, with cash and cash equivalents increasing to Rs. 116.73 lakhs from Rs. 106.17 lakhs, indicating a healthy cash flow management.

Corporate Governance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in a meeting held on November 8, 2025. This adherence to regulatory processes underscores the company's commitment to corporate governance and transparency.

Bengal Steel Industries Limited's performance in the first half of FY2026 demonstrates a notable turnaround, with significant profit growth and improved revenue. The company's focus on cost optimization and improved operational efficiency appears to be yielding positive results, positioning it well for the remainder of the fiscal year.