Scan Steels Limited , a prominent player in the steel manufacturing sector, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a mixed performance.

Revenue and Profitability

For the quarter ended September 30, 2025, Scan Steels reported gross sales of Rs 13,295.69 lakhs, marking a decrease from Rs 13,994.70 lakhs in the corresponding quarter of the previous year. Despite the revenue decline, the company showed signs of recovery on the profitability front.

The company posted a net loss of Rs 23.41 lakhs for the quarter. However, for the half-year period, Scan Steels achieved a net profit of Rs 994.81 lakhs, indicating a positive trend in overall performance.

Half-Year Performance

The half-yearly results provide a more comprehensive picture of the company's performance:

All figures in Rs lakhs

Earnings Per Share

The basic earnings per share (EPS) for the quarter stood at -0.04, while for the half-year period, it was reported at 1.67.

Board Approval and Segment Information

The Board of Directors of Scan Steels Limited approved these results at their meeting held on October 31, 2025. The company continues to operate in steel manufacturing as its single business segment.

Financial Position

As of September 30, 2025, Scan Steels reported:

• Total assets of Rs 60,122.21 lakhs
• Total equity of Rs 42,754.01 lakhs
• Current liabilities of Rs 13,952.12 lakhs

Cash Flow and Liquidity

The cash flow statement reveals:

• Net cash inflow from operating activities: Rs 1,823.62 lakhs
• Net cash outflow from investing activities: Rs 1,935.49 lakhs
• Net cash outflow from financing activities: Rs 418.61 lakhs

The company's cash and cash equivalents at the end of the period stood at Rs 446.10 lakhs, down from Rs 976.58 lakhs at the beginning of the year.

While Scan Steels faced challenges in the quarter, particularly in terms of revenue, the half-yearly profit suggests a degree of resilience. The company's performance in the coming quarters will be crucial in determining its trajectory for the fiscal year.

Scan Steels Limited , a prominent player in the steel sector, has made significant changes to its board of directors at its 32nd Annual General Meeting (AGM) held on September 26, 2025. The company, known for its industrial and business expertise in the steel industry, approved the appointment and re-appointment of four directors, strengthening its leadership team for the coming years.

Key Appointments and Re-appointments

Re-appointment of Whole-time Director

Mr. Ankur Madaan has been re-appointed as a Whole-time Director for a period of three years, effective from May 24, 2026, to May 23, 2029. Mr. Madaan, a Commerce Graduate with over 13 years of experience in the steel sector, brings valuable expertise in administration, production, and purchasing to his role.

New Independent Directors

The company has appointed three new Independent Directors, each for a term of five years from August 8, 2025, to August 7, 2030:

• Mr. Jitendriya Mohanty: Appointed as an Independent Director (Non-Executive), Mr. Mohanty is a seasoned professional with over a decade of experience in corporate legal and financial sectors. He holds an MBA in Finance & HR, an LLM, and is a Fellow Member of ICSI and an Associate Member of ICAI-CMA.

• Ms. P. Monalisha: Joining as an Independent Woman Director (Non-Executive), Ms. Monalisha is a finance professional with a Post Graduate Diploma in Management specializing in Finance. She brings over 35 years of experience in financial analysis, reporting, and strategic planning.

• Mrs. Sushama Anuj Yadav: Also appointed as an Independent Woman Director (Non-Executive), Mrs. Yadav is a Commerce graduate and a member of The Institute of Company Secretaries of India. She has more than 10 years of experience in Legal Secretarial, Indirect Taxation, and FEMA matters.

Strengthening Corporate Governance

These appointments reflect Scan Steels Limited's commitment to enhancing its corporate governance structure. The diverse expertise of the new board members is expected to contribute significantly to the company's strategic direction and operational excellence.

Additional AGM Proceedings

The AGM, conducted through video conferencing, also saw the approval of other important resolutions, including:

• Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025.
• Appointment of M/s. Amarendra Mohapatra & Associates as Secretarial Auditor for a five-year term.
• Ratification of remuneration for M/s. Ray, Nayak & Associates as Cost Auditors for the financial year ending March 31, 2026.

The company's proactive approach in board restructuring and compliance matters underscores its focus on maintaining robust corporate governance practices and driving long-term growth in the competitive steel industry.

Scan Steels Limited's strategic appointments are poised to bring fresh perspectives and specialized expertise to its leadership, potentially influencing the company's future direction and performance in the dynamic steel market.