Modern Steels Limited has filed a regulatory disclosure with BSE Limited regarding the status of physical share transfer re-lodgment requests received under the special window provision established by SEBI. The report, dated January 7, 2026, provides details on shareholder requests processed during the recent reporting period.

SEBI Compliance Report Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025. The circular established a special window for shareholders to re-lodge physical share transfer requests that may have been previously rejected or pending.

The report covers the period from December 7, 2025, to January 6, 2026, and was prepared by the company's registrar and transfer agent, MCS Share Transfer Agent Limited.

Physical Share Transfer Processing Status

The registrar's report provides a comprehensive breakdown of the physical share transfer requests handled during the reporting period:

All requests received during the period were processed within the reporting timeframe, demonstrating efficient handling by the transfer agent. However, both requests were ultimately rejected, though the specific reasons for rejection were not disclosed in the filing.

Regulatory Framework and Compliance

The SEBI circular dated July 2, 2025, established specific guidelines for handling physical share transfer re-lodgment requests. This special window provision allows shareholders to resubmit transfer requests that may have been previously unsuccessful, providing an additional opportunity to complete physical share transfers.

Modern Steels Limited's proactive disclosure of this information reflects its commitment to regulatory compliance and transparency in shareholder services. The company secretary and compliance officer, Ananya Modi, signed the disclosure document, ensuring proper authorization and accountability.

Transfer Agent Operations

MCS Share Transfer Agent Limited, based in New Delhi, serves as the registrar and transfer agent for Modern Steels Limited. The agent's systematic reporting includes detailed metrics on request processing, approval rates, and processing timelines, providing stakeholders with clear visibility into the share transfer process efficiency.

The 10-day average processing time indicates prompt handling of requests, even though the specific requests during this period were not approved. This processing timeline demonstrates the transfer agent's commitment to timely resolution of shareholder requests within the regulatory framework.

Modern Steels Limited , a company previously engaged in steel manufacturing, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company, which no longer has manufacturing operations, reported a shift from profit to loss in the latest quarter.

Financial Performance

The company reported a net loss of Rs. 7.00 lacs for the quarter ended September 30, 2025, compared to a profit of Rs. 8.00 lacs in the previous quarter. This decline in performance is primarily attributed to a decrease in other income, which fell from Rs. 47.00 lacs in the previous quarter to Rs. 31.00 lacs in the current quarter.

Half-Year Performance

For the half-year ended September 30, 2025, Modern Steels Limited showed improvement, recording a profit of Rs. 31.00 lacs compared to a loss of Rs. 7.00 lacs in the same period last year. This positive shift in half-yearly results comes despite the loss in the most recent quarter.

Current Operations

Modern Steels Limited no longer has manufacturing operations, having previously sold its assets located at Mandi Gobindgarh, Punjab. The company is currently engaged in certain activities and receives commission income from these endeavors. The financial statements have been prepared on a going concern basis, considering management's future plans to start commercial activity.

Board Approval and Audit Review

The financial results were approved by the Board of Directors in their meeting held on November 10, 2025, at Chandigarh. The Audit Committee reviewed these results, and the statutory auditors have issued an unmodified report on the financial results for the quarter ended September 30, 2025.

Financial Position

As of September 30, 2025, Modern Steels Limited reported:

• Total Assets: Rs. 1,932.00 lacs
• Shareholders' Funds: Rs. 1,814.00 lacs
• Cash and Cash Equivalents: Rs. 13.00 lacs

The company's financial position remains stable, with a slight increase in shareholders' funds from Rs. 1,783.00 lacs as of March 31, 2025, to Rs. 1,814.00 lacs as of September 30, 2025.

Modern Steels Limited continues to adapt to its current operational model, focusing on commission-based income while exploring future commercial activities. Investors and stakeholders will be keenly watching the company's performance in the coming quarters to assess its ability to sustain profitability and potentially return to growth.