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MSP Steel & Power Limited is engaged in the manufacture and sale of iron and steel products and generation of power.
MSP Steel's Board approved a strategic demerger of MSP Sponge Iron's manufacturing business. Shareholders will receive 5 MSP Steel shares for every 1 MSP Sponge share. The Board also approved the FY26 Board's Report and appointed new internal and cost auditors.
MSP Steel board approved demerging MSP Sponge Iron's manufacturing biz. Shareholders get 5 MSP Steel shares for 1 MSP Sponge. Move aims to streamline ops, boosting combined Net Worth to 1595.57 Cr. Promoter stake rises to 59.52%, signaling focus on efficiency & value.