Meenakshi Steel Industries Limited , a Non-Systemically Important Non-Deposit Taking NBFC registered with the Reserve Bank of India (RBI), has taken a significant step towards enhancing its regulatory compliance and risk management framework. The company's board, at its meeting held on November 10, 2025, adopted six comprehensive policies crucial for its operations as an NBFC.

Key Policy Adoptions

The newly adopted policies include:

1. Asset Liability Management Policy
2. Investment Policy
3. KYC Policy
4. Liquidity Risk Management Policy
5. Loan Policy
6. Risk Management Policy

Asset Liability Management Committee

As part of these policy implementations, Meenakshi Steel Industries has established an Asset Liability Management Committee (ALCO). This committee will be chaired by Shivangi Murarka and is scheduled to meet quarterly. The ALCO's primary responsibility will be to ensure adherence to the limits set by the Board and to decide on the company's business strategy in line with its risk management objectives.

Risk Management Framework

The company has put in place robust risk management frameworks covering various aspects of its operations:

• Credit Risk
• Liquidity Risk
• Financial Risk
• Compliance Risk

These frameworks are designed to identify, monitor, and mitigate potential risks that the company may face in its operations as an NBFC.

Investment Policy Highlights

The newly adopted Investment Policy authorizes the company to invest its surplus funds in:

• Quoted or unquoted equity shares
• Preference shares
• Bonds
• Units of mutual funds
• Fixed deposits with scheduled commercial banks

All investments will be made in line with the company's risk appetite, regulatory guidelines, and internal risk management controls.

KYC Policy Implementation

In compliance with RBI guidelines, Meenakshi Steel Industries has implemented a comprehensive Know Your Customer (KYC) Policy. This policy includes:

• Customer identification procedures
• Transaction monitoring processes
• Risk management practices

The KYC Policy aims to prevent the company from being used, intentionally or unintentionally, for money laundering or terrorist financing activities.

Financial Performance

In addition to these policy adoptions, Meenakshi Steel Industries has reported its unaudited financial results for the quarter and half-year ended September 30, 2025:

The company has shown a significant turnaround in its financial performance compared to the previous year, with a profit after tax of Rs. 59.33 lakhs in Q2 FY2026 against a loss of Rs. 135.00 lakhs in Q2 FY2025.

Meenakshi Steel Industries Limited, a company primarily engaged in finance and investment activities, has announced its financial results for the second quarter and half-year ended September 30, 2025. The company reported a net loss after tax of Rs 58.35 lakhs for the quarter, marking a significant shift from the net profit of Rs 54.27 lakhs in the previous quarter.

Key Financial Highlights

Quarterly Performance

The company's performance in Q2 FY2026 showed a decline compared to the previous quarter. Revenue from operations stood at Rs 420.99 lakhs, slightly higher than the Rs 396.29 lakhs reported in Q1 FY2026. However, the company swung to a net loss of Rs 58.35 lakhs from a profit of Rs 54.27 lakhs in the previous quarter.

Half-Year Results

For the half-year period ended September 30, 2025, Meenakshi Steel Industries reported:

• Total revenue from operations of Rs 877.28 lakhs
• A net loss of Rs 335.00 lakhs
• Basic earnings per share (EPS) of Rs (10.80)

Other Financial Metrics

The company's total comprehensive income for Q2 FY2026 was negative at Rs 417.83 lakhs, primarily due to fair value measurement losses on investments amounting to Rs 359.48 lakhs.

Corporate Governance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors, M/s VRSK & Co LLP, have carried out a limited review of the results and issued an unmodified opinion.

About Meenakshi Steel Industries Limited

Meenakshi Steel Industries Limited is primarily engaged in finance and investment activities. The company's registered office is located at J-189, Basement, J-Block, Saket, New Delhi-110017.

Investors and stakeholders should note that these results are for the quarter ended September 30, 2025, and may not reflect the current financial position of the company.