MSP Steel & Power Ltd (MSPL) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by MSP Steel & Power Ltd on NSE and BSE, with an AI summary of each filing.
Submission of voting results conducted with respect to 57th Annual general Meeting along with Scrutnizer report.
Annual General Meeting · 03 Oct 2026, 7:42 pm
Proceedings of the 57th Annual General Meeting of the Company held today, i.e. 30th September, 2026 is attached herewith.
Annual General Meeting · 30 Sept 2026, 10:36 pm
The 57th Annual General Meeting of the Company will be held on Wednesday, September 30, 2026 at 3.00 P.M. (IST) through Video Conferencing (VC) /Other Audio Visual Means (OAVM). Pursuant ....
Others (Uncategorized) · 08 Sept 2026, 12:45 am
Notice of the 57th Annual General Meeting of the Company for the Financial Year 2025-26 to be held on 30th September 2026 at 3 PM.
Annual General Meeting · 08 Sept 2026, 12:39 am
Pursuant to the proposed scheme of arrangement between MSP Steel & Power Limited & MSP Sponge Iron Limited, the Board of Directors have accorded their approval to the draft scheme.
Others (Uncategorized) · 03 Sept 2026, 2:30 am
MSP Steel & Power Approves Demerger of MSP Sponge Iron's Manufacturing Business On 2nd Sep'26, MSP Steel & Power's board approved demerging MSP Sponge Iron's manufacturing business into itself to drive scale and cost efficiencies. The share exchange ratio is fixed at five MSP Steel shares for every one MSP Sponge share. As of 30th Jun'26, the demerged undertaking reported a net worth of Rs 546.08 crore, turnover of Rs 390.66 crore, and total assets of Rs 693.87 crore. Post-scheme, promoter shareholding in MSP Steel will increase to 59.52%, with public holding at 40.48% on a fully diluted basis.
MSP Steel & Power Limited has informed the Exchange regarding Outcome of Board Meeting held on September 02, 2026.
Outcome · 03 Sept 2026, 2:29 am
MSP Steel Board Approves Demerger of MSP Sponge Manufacturing Business On 2nd Sep'26, MSP Steel & Power's board approved the demerger of MSP Sponge Iron's manufacturing business into the company. The approved share exchange ratio offers five equity shares of MSP Steel for every one share held in MSP Sponge. The integration of these similar iron and steel businesses aims to drive scale economies, cost efficiencies, and long-term EPS accretion. Post-restructuring, promoter shareholding in MSP Steel will increase from 45.12% to 59.52%, with public shareholding adjusting to 40.48%.
Pursuant to the Regulation 30 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 ....
Others (Uncategorized) · 03 Sept 2026, 2:26 am
Statement of Deviation & Variation for the Quarter ended 30th June 2026.
Others (Uncategorized) · 01 Aug 2026, 1:11 am
MSP Steel Q1FY27 Results Approved; Fund Utilization Update Provided MSP Steel & Power's Board approved unaudited financial results for Q1 ended 30th Jun'26. On a standalone basis, Net Profit rose 23.1% YoY to ₹21.97 Cr from ₹17.84 Cr. Revenue from Operations grew 16.3% YoY to ₹826.52 Cr. The company also reported no defaults on loans or debt securities. Additionally, a statement on the utilization of ₹24.50 Cr raised via a preferential issue of warrants on 14th Mar'26 confirmed no deviations from the stated objects of unsecured debt repayment and other corporate purposes.
Outcome of Board Meeting held on 31st July 2026 under Regulation 30 of the Listing Regulations for the 1st Quarter ended 30th June 2026.
Outcome · 01 Aug 2026, 1:04 am
MSP Steel & Power Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Lakh) ■ Revenue: 82,652 (+16.3% YoY | +1.2% QoQ) ■ EBITDA: 5,256 (+17.1% YoY | -32.1% QoQ) ■ EBITDA Margin (%): 6.4 (+4 bps YoY | -313 bps QoQ) ■ PAT: 2,198 (+23.2% YoY | -74.2% QoQ) ■ EPS (INR): 0.37 (+23.3% YoY | -73.9% QoQ)
MSP Steel & Power Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/07/2026 ,inter alia, to consider and approve Intimation of Board Meeting ....
Intimation · 31 Jul 2026, 5:30 am
MSP Steel & Power Board Meeting Scheduled for 31st Jul'26 MSP Steel & Power has scheduled a Board of Directors meeting on 31st Jul'26 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30th Jun'26. The agenda also includes approving the limited review report for the same period. In connection with this, the trading window for insiders was closed from 1st Jul'26 and will reopen 48 hours after the financial results are declared.
Submission of Voting Result conducted with respect to Extra Ordinary General Meeting of the Company held on 14th July 2026 along with Scrutinizers Report.
Extra Ordinary General Meeting · 15 Jul 2026, 7:47 pm
MSP Steel: Shareholders Approve Fund Utilisation Change from Preferential Issue MSP Steel & Power (MSPL) announced that a special resolution was passed at its Extra-Ordinary General Meeting on 14th Jul'26. The resolution, regarding the variation in objects for utilising funds from a preferential issue, received overwhelming shareholder approval with 99.996% of votes cast in favour. A total of 331,042,653 shares were voted, with 331,027,983 for the proposal and only 14,670 against. The approval provides the company with flexibility in deploying capital raised through the preferential issue.
Proceeding of Extra-Ordinary General Meeting of the company held on 14th July 2026.
Extra Ordinary General Meeting · 14 Jul 2026, 11:14 pm
MSP Steel & Power Shareholders Approve Variation in Use of Preferential Issue Funds MSP Steel & Power held an EGM on 14 Jul '26, where shareholders passed a special resolution to approve a variation in the utilization of funds from its preferential issue. The meeting's agenda focused on altering the use of balance proceeds receivable upon the exercise of preferential warrants allotted to the Promoter Group. The Board believes this change is in the best interest of the company and its shareholders. Voting was conducted via remote e-voting, and the final results will be submitted separately in due course.
Submission of disclosure under Regulation 7(2) of SEBI (PIT) Regulations, 2015
Others (Uncategorized) · 25 Jun 2026, 10:20 pm
MSP Steel & Power: Promoter Group Entities Purchase Shares via Open Market Three promoter group entities of MSP Steel & Power purchased a total of 21,00,849 equity shares through open market transactions. Ginny Traders Private Limited acquired 7,30,000 shares on 19-Jun'26. Sampat Marketing Company Pvt Ltd bought 12,04,000 shares on 19-Jun'26 and 22-Jun'26. Additionally, Ilex Private Limited purchased 1,66,849 shares on 22-Jun'26. The company disclosed these transactions to the exchanges on 25-Jun'26, as per insider trading regulations.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saket Agrawal & PACs
Acquisition/ Disposal of Shares · 23 Jun 2026, 8:55 pm
MSP Steel Promoter Group Increases Stake via Open Market Purchases MSP Steel & Power's promoter group, led by Saket Agrawal, acquired 1,30,20,849 shares (2.30% stake) through open market purchases between 12-Jun'26 and 22-Jun'26. This acquisition, disclosed on 23-Jun'26, increases the total promoter and PAC holding from 42.82% to 45.12% of the company's total share capital. The purchase signals strengthening promoter conviction in the company.
Notice of EGM dated 14th July 2026
Extra Ordinary General Meeting · 22 Jun 2026, 11:12 pm
MSP Steel to Vary Use of Preferential Issue Proceeds MSP Steel & Power will hold an EGM on 14 Jul'26 to approve a variation in using proceeds from a preferential warrant issue. The company proposes to re-allocate INR 73.50 crore, originally earmarked for unsecured debt repayment, towards funding working capital requirements. This change is due to the need to repay the debt from internal accruals before warrant conversion proceeds are received. The remote e-voting for this special resolution is scheduled from 11 Jul'26 to 13 Jul'26, with a record date of 7 Jul'26.
Submission of Disclosure under Reg 7(2)
Others (Uncategorized) · 22 Jun 2026, 11:00 pm
MSP Steel: Promoter Group Entities Purchase 64.5 Lakh Shares via Open Market Five promoter group entities of MSP Steel & Power Ltd acquired a total of 6,450,000 equity shares through open market purchases between 16-Jun'26 and 18-Jun'26. Major acquisitions include Sampat Marketing purchasing 1,990,000 shares, Ginny Traders buying 1,780,000 shares, and Ilex Private acquiring 1,000,000 shares. Additionally, M.A Hire Purchase bought 950,000 shares and Shree Vinay Finvest purchased 730,000 shares. This collective insider buying indicates a significant increase in promoter holdings.
Submission of Disclosure under regulation 7(2) read with regulation 6(2) of the SEBI(PIT) Regulation, 2015 (the ''''Insider Trading Regulations'''') Open Market Purchase of Equity Share
Others (Uncategorized) · 20 Jun 2026, 7:55 pm
MSP Steel: Promoter Group Ilex Private Limited Acquires Shares via Open Market Promoter group entity Ilex Private Limited purchased 6,45,000 equity shares of MSP Steel & Power Ltd on 15-Jun-'26 through an open market transaction on the NSE. The transaction value was ₹2.72 crore. This purchase increased Ilex Private Limited's holding in the company from 2.92% to 3.03%. The company was intimated of the transaction on 17-Jun-'26.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Swagat Trexim Pvt Ltd
Acquisition/ Disposal of Shares · 19 Jun 2026, 10:37 pm
Swagat Trexim Discloses Open Market Sale of 2.27% Stake in MSP Steel & Power On 19th Jun'26, Swagat Trexim Pvt Ltd disclosed the open market sale of 12,890,000 equity shares of MSP Steel & Power Ltd, representing 2.27% of its total equity. The transactions occurred between 11th Jun'26 and 18th Jun'26. Following the sale, Swagat Trexim's shareholding in MSP Steel decreased from 3.71% to 1.44%. The filing confirms Swagat Trexim is not part of the promoter group.
This is to inform you that, pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the following matters were decided by the Board: 1.The ....
Outcome · 19 Jun 2026, 9:17 pm
MSP Steel to Seek Shareholder Approval for Fund Utilization Change MSP Steel & Power's board approved a proposal on 19-Jun'26 to change the utilization objects for funds raised via a preferential issue of convertible warrants. The company will seek shareholder approval for this variation through a special resolution at an Extra-Ordinary General Meeting (EGM). The EGM is scheduled for 14-Jul'26 and will be conducted via video conferencing, with provisions for remote e-voting. The board also appointed a scrutinizer for the EGM voting process.
Disclosure under regulation 30 of SEBI (LODR) Regulation, 2015-Execution of Power Purchase Agreement.
Others (Uncategorized) · 18 Jun 2026, 11:46 pm
MSP Steel & Power Enters 25-Year Solar Power Purchase Agreement MSP Steel & Power has executed a 25-year Power Purchase Agreement (PPA) with Elevate Solar Energy on 18th Jun'26. The agreement facilitates the procurement of 10MWp of solar power at a fixed tariff of Rs 3.17 per unit. This move, under the Group Captive mechanism, aims to optimize energy costs and boost renewable consumption. As part of the deal, MSP Steel will acquire a 26% shareholding in Elevate Solar Energy to correspond with the contracted energy quantity. The transaction is not a related-party transaction.
Submission of Disclosure under regulation 7(2) read with Regulation 6(2) of the SEBI (PIT) Regulation 2015 (the ''''Insider Trading Regulation'''') open Market Purchase of equity share.
Others (Uncategorized) · 18 Jun 2026, 11:03 pm
MSP Steel: Promoter Group Entities Acquire 3.825 Million Shares Three promoter group entities of MSP Steel & Power Ltd acquired a total of 38,25,000 equity shares via open market purchases. M.A Hire Purchase Pvt Ltd bought 24,00,000 shares, Sampat Marketing Company Pvt Ltd acquired 10,25,000 shares, and Shree Vinay Finvest Pvt. Ltd. purchased 4,00,000 shares. The transactions occurred on 12th Jun'26 and 15th Jun'26, as disclosed to exchanges on 18th Jun'26. This move signals increasing promoter conviction and consolidates their holding in the company.
MSP Steel & Power Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/06/2026 ,inter alia, to consider and approve Noticeis hereby given that ....
Intimation · 16 Jun 2026, 10:47 pm
MSP Steel & Power Board to Discuss Fund Utilization from Warrants MSP Steel & Power has scheduled a Board of Directors meeting for 19th Jun'26. The key agenda item is to approve a variation in the objects related to the utilization of funds raised from its preferential issue of convertible warrants. The board will also consider the notice for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for the proposed resolutions. This signals a potential change in the company's capital allocation strategy, which will be put to a shareholder vote.
The Company informs the Exchange of the open market purchases of equity shares by promoter entities.
Others (Uncategorized) · 15 Jun 2026, 10:18 pm
MSP Steel Promoter Group Entities Acquire 61.05 Lakh Shares via Open Market Four promoter group entities of MSP Steel & Power Ltd acquired a total of 61,05,000 equity shares through open market purchases between 09-Jun-'26 and 11-Jun-'26. The entities involved were M.A Hire Purchase (18.15 lakh shares), Shree Vinay Finvest (20.50 lakh shares), Ilex Private Limited (13.40 lakh shares), and Ginny Traders (9.00 lakh shares). These transactions represent a significant accumulation by the promoter group, signaling strong confidence in the company's prospects. All trades were executed on the NSE.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saket Agrawal & PACs
Acquisition/ Disposal of Shares · 12 Jun 2026, 11:22 pm
Promoter Group Increases Stake in MSP Steel & Power Through Open Market Purchases Promoter Saket Agrawal and Persons Acting in Concert (PAC) acquired 1,47,70,000 equity shares (2.61% stake) in MSP Steel & Power Ltd through open market purchases between 2nd Jun'26 and 11th Jun'26. This acquisition, disclosed on 12th Jun'26, increases the promoter group's total shareholding from 40.22% (22,79,44,612 shares) to 42.82% (24,27,14,612 shares). The total voting capital of the company remains unchanged at Rs. 5,66,79,66,450, consisting of 56,67,96,645 equity shares.
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Swagat Trexim Pvt Ltd
Acquisition/ Disposal of Shares · 12 Jun 2026, 7:59 pm
Swagat Trexim Sells 2.27% Stake in MSP Steel & Power Swagat Trexim Pvt Ltd, a non-promoter entity, sold 12,867,000 equity shares, representing a 2.27% stake in MSP Steel & Power Ltd (MSPL). The open market sale transactions occurred between 02-Jun'26 and 10-Jun'26. Following the disposal, Swagat Trexim's shareholding in MSP Steel has decreased from 5.98% (33,916,849 shares) to 3.71% (21,049,849 shares). The disclosure was filed under SEBI's SAST Regulations, 2011, on 12-Jun'26.