Mukand Sumi Special Steel Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, showing steady operational performance across key metrics. The company reported total income from operations of ₹697.33 crore for the third quarter, representing growth from ₹668.11 crore in the corresponding quarter of the previous year.

Financial Performance Overview

The company's quarterly results demonstrate consistent profitability with net profit reaching ₹31.77 crore for Q3FY26. Earnings per share for the quarter stood at ₹6.81, based on the company's paid-up equity share capital of ₹46.63 crore with a face value of ₹10 per share.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company achieved total income from operations of ₹1959.59 crore with net profit of ₹77.61 crore. The nine-month earnings per share reached ₹16.64, reflecting the company's sustained operational efficiency throughout the period.

Strategic Developments and Expansion

The company has made significant progress in its expansion plans, having acquired the necessary land for constructing an integrated steel plant. This greenfield project is designed with a capacity of 0.35 MTPA (million tonnes per annum) and represents a major step in the company's growth strategy. The company has submitted its application for environmental clearance certificate with the Ministry of Environment and Forest, Government of India.

Operational Enhancements

Mukand Sumi Special Steel has enhanced its production capabilities through strategic facility upgrades. The company has created additional capacity in its annealing facility by establishing EBNO and STC furnaces at the Hospet plant. These improvements have contributed to operational efficiency and production capacity expansion.

Production Milestones

The Hospet plant's rolling mill achieved a significant operational milestone by reaching its highest production level in December 2025. This achievement demonstrates the effectiveness of the company's capacity enhancement initiatives and operational optimization efforts.

Corporate Governance

The financial results were reviewed and approved by the Board of Directors at their meeting held on February 24, 2026. The company's auditors conducted a limited review of the financial results for both the quarter and nine-month periods ended December 31, 2025. The company maintains reserves of ₹2332.44 crore as per the audited balance sheet dated March 31, 2025, excluding revaluation reserves.

Rama Phosphates Limited has issued a postal ballot notice to seek shareholder approval for the re-appointment of Mr. Ratneshwar Prasad as an Independent Director. The company announced this development through a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Re-appointment Details

The postal ballot seeks approval for the re-appointment of Mr. Ratneshwar Prasad (DIN - 10625105) as an Independent Director for a second term. The proposed re-appointment covers a period of 5 consecutive years commencing from May 30, 2026 up to May 29, 2031.

E-voting Process and Timeline

The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facility to its members. The voting process will be conducted entirely through electronic mode in compliance with MCA and SEBI circulars.

Director Profile and Experience

Mr. Ratneshwar Prasad brings extensive experience from his distinguished career in public service. He holds a B. Tech (Hons.) in Mechanical Engineering from IIT Kharagpur, a Bachelor of Laws degree from Magadh University, and an M.Sc Finance from University of Strathclyde Glasgow UK.

His professional experience includes:

• 38 years in Indian Revenue Service (IRS): Joined in 1970 after clearing Civil Services Examination in 1969
• Leadership roles: Served as Commissioner, Chief Commissioner, and Chairman of Central Board of Direct Taxes (CBDT)
• Geographic exposure: Posted in Kolkata, Patna, Mumbai, Baroda, Indore and Delhi
• Post-retirement role: Founding member of Competition Commission of India (CCI) after retiring in 2008

Board Committees and Governance

Mr. Prasad currently serves as a Member of the Audit Committee, Nomination and Remuneration Committee, and Independent Director Committee. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee at its meeting held on January 14, 2026, proposed his re-appointment.

Regulatory Compliance

The postal ballot notice has been sent only through electronic mode to members whose email addresses are registered with the company or depositories. The company has appointed Mr. Sanjay Dholakia (Mem. No. FCS 2655), Proprietor of M/s. Sanjay Dholakia & Associates, as the Scrutinizer for conducting the e-voting process.

The resolution requires approval by special resolution, and voting rights will be proportionate to shares held by members in the paid-up equity share capital as on the cut-off date. The postal ballot notice is available on the company's website at www.ramaphosphates.com and CDSL's website at www.evotingindia.com .