Escrow Payment Mechanism is not applicable to the Company.
SCANSTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Scan Steels Ltd has responded to a BSE query dated January 1, 2026, regarding submission of details on the Escrow Payment Mechanism. The company has clarified that this requirement does not apply to it, as Scan Steels has not issued any instruments or arrangements that fall under the relevant SEBI regulations requiring an escrow mechanism. Consequently, no disclosure or submission is needed on this matter. The communication was signed by Prabir Kumar Das, Company Secretary and Compliance Officer.
This is a routine regulatory clarification with no material impact on the company's financials, operations, or shareholders. It confirms that Scan Steels does not have any obligation related to escrow payment arrangements, signalling a straightforward capital structure without relevant outstanding instruments.