Scan Steels Ltd — Important, 01-09-2026: Company Update

Scan Steels' board approved calling the 33rd Annual General Meeting (AGM) to be held virtually. Key items for the AGM include approving the Annual Report and Audit Reports for FY2025-26. Significantly, the board also approved a proposal to alter the company's authorized share capital. This involves reclassifying 1.50 Crore Non-Cumulative Optionally Convertible Redeemable Preference Shares into 1.50 Crore Equity Shares. This change means the authorized capital will now consist entirely of 8.65 Crore Equity Shares of ₹10 each, maintaining the total authorized capital at ₹86.50 Cr. This simplifies the capital structure.