Pursuant to Reg. 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting ....
STEELXIND · price
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Steel Exchange India Limited's Board meeting on May 25, 2026 resulted in three key appointments. Mr. Vankina Sri Rakesh, a Chartered Accountant with over 40 years of experience, was appointed as the new Chief Financial Officer (CFO) and Key Managerial Personnel. Simultaneously, Mr. Suresh Kumar Bandi, the existing Joint Managing Director, was assigned additional finance responsibilities and his designation changed to include Director – Finance. Additionally, Mr. Anirudh Misra, founder of IMR Group with 40 years of experience in metals, mining, and international trade, was appointed as an Additional Non-Executive & Non-Independent Director, subject to shareholder approval. The Board also approved the audited financial results for Q4 and FY26, reporting revenue of ₹28,733 lakh for Q4 and ₹1,05,944 lakh for the full year, with net profit of ₹2,699 lakh. The auditors issued an unmodified (clean) opinion on the financial statements.
The appointment of an experienced CFO and addition of finance oversight to an existing director strengthens the company's financial governance. The new director with extensive industry experience may bring strategic value. Financial results show stable performance with revenue declining marginally year-on-year but maintaining profitability.