Beekay Steel Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating solid operational performance alongside significant management changes. The steel manufacturer reported quarterly revenue of Rs 28,792.39 lakhs with a net profit of Rs 1,324.55 lakhs.

Financial Performance Highlights

The company's standalone financial results showed consistent performance across key metrics. Revenue from operations reached Rs 28,792.39 lakhs for the quarter, while other income contributed Rs 368.64 lakhs, bringing total income to Rs 29,161.03 lakhs.

Consolidated Results

The consolidated financial results, including subsidiary and associate companies, showed revenue from operations of Rs 28,792.39 lakhs and net profit of Rs 1,344.54 lakhs for the quarter. The consolidated results include Beekay Utkal Steel Private Limited as subsidiary and AKC Engineering Limited as associate company.

Leadership Transition

Beekay Steel Industries announced significant changes in its senior management team. Manav Bansal resigned from his position as Chief Financial Officer to focus on his core responsibilities as Whole-time Director. The company simultaneously appointed Ashok Agarwal as the new Chief Financial Officer.

New CFO Profile

Ashok Agarwal brings extensive experience to his new role as Chief Financial Officer. He is a Fellow Chartered Accountant with DipIFR (ACCA-UK) qualification and Insolvency Professional certification. Prior to joining Beekay Steel Industries Limited, he served as CFO of Manaksia Aluminium Company Limited for 7 years, where he led operational transformations and implemented robust internal controls.

Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 14, 2026. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. Rustagi & Associates, Chartered Accountants, conducted the limited review of the financial statements.

Beekay Steel Industries Ltd has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of two key directors to strengthen the company's leadership team.

Postal Ballot Results Declared

On January 5, 2026, the company declared the results of its postal ballot conducted through remote e-voting. Both resolutions were passed with the required three-fourths majority, marking a significant milestone in the company's governance structure.

Voting Statistics

The postal ballot witnessed strong participation from shareholders, with comprehensive voting results across different categories:

Director Appointments Confirmed

Lokanath Sahu - Whole-time Director (Operation)

• Director Identification Number (DIN): 11376365
• Term: 5 years effective from November 12, 2025
• Monthly Remuneration: ₹2,94,320
• Specialization: DRI operations expertise

Binod Kumar Tulsyan - Independent Director

• Director Identification Number (DIN): 09025810
• Term: 5 years effective from November 12, 2025
• Role: Independent oversight and governance

Scrutinizer's Report

Mr. Santosh Kumar Tibrewalla, Practicing Company Secretary (Membership No. 3811), served as the scrutinizer for the postal ballot process. His report confirmed the validity of the voting process and the overwhelming support for both appointments.

Company Overview

Beekay Steel Industries Limited operates in the steel sector with a current market capitalization of ₹804.94 crores, classified as a Small Cap company. The company trades on BSE with scrip code 539018 and ISIN INE213D01015.

Strategic Implications

The successful appointment of these directors represents a strategic move to enhance both operational capabilities and corporate governance. Lokanath Sahu's expertise in DRI operations aligns with the company's operational focus, while Binod Kumar Tulsyan's role as Independent Director strengthens board oversight and governance practices.

The overwhelming shareholder support, with 100% of votes cast in favour of both resolutions, demonstrates strong confidence in the company's leadership decisions and strategic direction.