STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding Outcome of Board Meeting held on May 25, 2026.
STEELXIND · price
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Steel Exchange India Limited held its Board Meeting on May 25, 2026, approving multiple key appointments and audited financial results for Q4 and FY ended March 31, 2026. The company appointed Mr. Vankina Sri Rakesh, a Chartered Accountant with 40+ years of experience, as the new CFO and KMP. Mr. Suresh Kumar Bandi, the Joint Managing Director, was assigned additional responsibility for finance functions and his designation changed to include Director – Finance. Mr. Anirudh Misra, Founder of IMR Group with 40 years in metals, mining, and international trade, was appointed as Additional Non-Executive Non-Independent Director, subject to shareholder approval. Financially, Q4 FY26 revenue was Rs 28,732.75 lakhs with net profit of Rs 1,237.04 lakhs. Full year FY26 revenue declined to Rs 1,05,943.99 lakhs from Rs 1,14,402.26 lakhs in FY25, though net profit improved to Rs 2,699.10 lakhs from Rs 2,593.42 lakhs. Operating EBITDA margin improved to 12% from 10% year-on-year.
The new CFO appointment and expanded finance role for the Joint Managing Director suggest strengthened financial leadership. The revenue decline is concerning, but improved margins and net profit indicate better cost efficiency. Shareholders should note the appointment of Mr. Anirudh Misra bringing industry expertise, pending their approval at the General Meeting.