Steel City Securities Completes Acquisition of Infotech Shares, Releases Quarter End Financial Results
Steel City Securities Limited announced several key outcomes following a recent Board meeting held on August 3, 2026. Among the strategic decisions was the formalizing of the process to acquire the remaining shares of its associate, Steel City Infotech Private Limited, with the goal of making it a wholly-owned subsidiary. The company also took note of proposals to expand operations into insurance brokering.The Board meeting reviewed and approved the unaudited financial statements for the quarter ended June 30, 2026 (both standalone and consolidated). Management subsequently authorized the Executive Chairman, S.K. Satyanarayana, and Managing Director & CEO, Sri. Satish Kumar Arya, to finalize all necessary agreements for the share acquisition.
Strategic Acquisition Details
The company currently holds 2,500 Equity Shares in Steel City Infotech Private Limited, which constitutes 16.62% of the paid-up share capital. To achieve full ownership, the company intends to acquire the remaining 12,500 Equity Shares for an aggregate consideration of ₹15,10,000 (Rupees Five Lakhs Ten Thousand Only).The Board also reviewed the proposal to undertake the business of Insurance Broking through M/s. Steel City Infotech Private Limited, subject to obtaining all necessary statutory and regulatory approvals where applicable.
Quarterly Financial Performance Analysis
Steel City Securities Limited reported unaudited standalone financial results for the quarter ended June 30, 2026. The company's performance across its operational segments was reviewed by the Audit Committee and approved by the Board of Directors.Key figures from the standalone segment operations are presented below:
| Metric | Value (₹ Lakhs) |
|---|---|
| Revenue from Operations (Stock Broking & DP Operations) | 1,779.14 |
| Total Income from Operations | 1,824.11 |
| Profit before Tax | 504.09 |
In the consolidated results for the same quarter, which include Steel City Commodities Private Limited (a Wholly Owned Subsidiary) and Steel City Financial Services Private Limited (an Associate), the group reported:
| Metric | Consolidated Value (₹ Lakhs) |
|---|---|
| Total Revenue from Operations | 1,604.91 |
| Profit attributable to the controlling interest | 1,445.51 |
| Earnings per Share (EPS) | 9.57 |
The consolidated financial results show that the total comprehensive income for the period was ₹680.46 Lakhs. The segment-wise performance reflects strong revenue generation across both Stock Broking & DP Operations and E-Government Operations, totaling ₹1,324.77 Lakhs in assets.
STEELCITY Stock Price Movement
Steel City Securities Limited shares rallied today, climbing 2.05% to settle at ₹76.40 in the post-market trading session. The stock saw a total traded volume of 8,728 shares during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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