Steel Exchange India Limited Announces Key Management Appointments and Audited Financial Results for FY 2026
Steel Exchange India Limited held its Board of Directors meeting on May 25, 2026, during which it approved the audited financial results for the quarter and the full financial year ended March 31, 2026. The board meeting also saw key changes in management, including the appointment of new senior leadership.Key Management and Governance Appointments
The Board meeting approved several material corporate actions concerning the company's leadership and structure:- Chief Financial Officer (CFO) Appointment: Mr. Vankina Sri Rakesh was appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from May 25, 2026. Mr. Vankina Sri Rakesh is a Chartered Accountant with over 40 years of experience across finance, accounts, and commercial functions in both private and public sector organizations.
- Director Designation Change: The additional responsibility of the finance function was assigned to Mr. Suresh Kumar Bandi (DIN: 00206473). His designation is consequently updated to 'Whole-Time Director designated as Joint Managing Director & Director - Finance' with effect from May 25, 2026.
- New Director Appointment: Mr. Anirudh Misra (DIN: 03101359) was appointed as Additional Non-Executive & Non-Independent Director of the Company effective May 25, 2026, pending approval by the shareholders. Mr. Misra is described as a distinguished industry leader with over 40 years of experience in metals, mining, and international trade sectors.
Financial Results for FY 2026
The company approved its audited financial results for the quarter and full year ended March 31, 2026.The aggregated financial performance highlights for the quarter and the full year are presented below:
| Metric | Quarter ended March 31, 2026 | Year ended March 31, 2026 |
|---|---|---|
| Gross Sales/Income from Operations | 28,732.75 | 1,05,943.99 |
| Total Revenue from Operations | 28,732.75 | 1,14,402.26 |
| Total Income | 28,769.89 | 1,20,664.18 |
| Total Expenses | 26,207.45 | 1,02,617.34 |
| Profit Before Exceptional Item and Tax | 2,562.44 | 4,024.50 |
| Net Profit for the Period | 1,237.04 | 2,699.10 |
| Total Comprehensive Income | 1,247.07 | 2,709.14 |
Segment Revenue and Profit/Loss Analysis
The company maintains three primary business segments: Steel, Power, and Logistics. The segment results show the following performance indicators:
| Segment | Revenue from Operations (Mar 31, 2026) | Segment Profit/(Loss) before Finance Costs, Exceptional Items and Tax (Mar 31, 2026) | Revenue from Operations (Mar 31, 2025) | Segment Profit/(Loss) before Finance Costs, Exceptional Items and Tax (Mar 31, 2025) |
|---|---|---|---|---|
| Steel | 28,265.76 | 4,234.86 | 25,987.64 | 4,274.82 |
| Power | 2,583.55 | (92.38) | 10,627.48 | (78.77) |
| Logistics | 186.07 | 178.50 | 168.67 | 163.57 |
| Total | 31,035.38 | 4,320.98 | 36,783.80 | 4,359.62 |
The segment profit before finance costs, exceptional items and tax was 4,320.98 (R. in Lakhs) for the quarter ended March 31, 2026, compared to 4,359.62 (R. in Lakhs) in the same period last year.
Financial Position Highlights
The Statement of Standalone Assets and Liabilities provides an overview of the company's financial position as of March 31, 2026, and March 31, 2025.| Particulars (R. in Lakhs) | As at 31 March 2026 | As at 31 March 2025 |
|---|---|---|
| Total Assets | 1,37,491.36 | 128,415.27 |
| Equity Share Capital | 12,472.21 | 11,976.33 |
| Other Equity | 64,313.31 | 58,621.36 |
| Total Equity | 76,785.52 | 70,597.69 |
| Total Non-current Liabilities | 29,066.08 | 26,221.58 |
| Total Current Liabilities | 31,639.76 | 31,595.99 |
| Total Liabilities | 60,705.84 | 57,817.57 |
The Company's balance sheet indicates a Total Asset value of 1,37,491.36 (R. in Lakhs) as of March 31, 2026.
The cash flow statement reports that the net cash flow from operating activities for the year ended March 31, 2026, was a net increase of 9,671.53 (R. in ₹'000) in cash and cash equivalents, ending the year with a balance of 1,623.63 (R. in ₹'000).
STEELXIND Stock Price Movement
STEEL EXCHANGE INDIA LIMITED shares today slipped by 1.83% to settle at ₹10.20. The equity recorded a total traded volume of 4.54 million shares during the session.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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