Newspaper Publication as per SEBI LODR as on 31.03.2026
Awaiting price reaction for this filing.
Mideast Integrated Steels (MESCO Steel) has published its audited standalone and consolidated financial results for Q4 FY26 and the full year ended March 31, 2026 in The Financial Express and Jansatta newspapers, as required under SEBI LODR regulations. The Board approved the results at its meeting held on May 30, 2026. On a standalone basis, Q4 FY26 revenue was Rs 59.77 million (down sharply from Rs 513.42 million in Q4 FY25), with a net loss of Rs 263.96 million. For full year FY26, standalone revenue was Rs 547.89 million with a net loss of Rs 662.79 million, while consolidated revenue was Rs 5,677.59 million with a net loss of Rs 1,685.46 million. Importantly, the company disclosed that its curative petition before the Supreme Court regarding the Rs 924.75 crore mining compensation order has been dismissed during the reporting quarter. The company also has an ongoing appeal against a Rs 718 crore arbitration award.
The sharp revenue decline and continued losses, combined with the dismissal of the curative petition on the Rs 924.75 crore mining compensation matter, signal continued financial and legal headwinds for shareholders. The outcome of the mining case and pending arbitration appeal remain key overhangs on the stock.