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STEELMAN TELECOM LIMITED Earnings Release 2026
59734_rns_2026-05-29_f3ee959b-b936-431e-9d1a-a45229bb1cfa.pdf
Earnings Release
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Steelman Telecom Limited
(Formally known as Steelman Telecom Private Limited)
Dated: 29.05.2026
To,
The Manager
Corporate Relationship Department
Bombay Stock Exchange Limited
1st Floor, New Trading Wing,
Phiroze Jeejeebhoy Tower Dalal Street,
Fort, Mumbai-400001.
Scrip Code: BSE: 543622
Dear Sir/Madam,
Sub: Outcome of Board Meeting held on 29th May, 2026.
This is in reference to our Board meeting intimation letter dated 21.05.2026, regarding the captioned subject, we wish to inform you that the Board of Directors, at their meeting held today, Friday, 29th May 2026 at 05.00 P.M and concluded at 09.00 P.M, has transacted, approved, and taken on record the following items of Business.
- Approval of Audited Annual Financial Results for the Year ended 31.03.2026:
The Board of Directors inter-alia has approved and taken on record Audited Standalone Financial Results and Audited Consolidated Financial Results for the Half-Year and Year ended March 31, 2026. The copy of Audited Standalone & Consolidated Financial Results along with Report of Auditors thereon is attached herewith.
Pursuant to Regulation 33 of the SEBI Listing Regulations, the Statutory Auditors of the Company, M/S Jay Gupta & Associates., Chartered Accountants (Firm Registration No.329001E) have issued an Audit Report with an unmodified opinion on the Annual Audited Financial Results of the Company (Standalone & Consolidated) for the Financial Year ended March 31, 2026.
Accordingly, please find enclosed:
a) Auditors Report along with the Annual Audited Standalone & Consolidated Financial Results of the Company for the Financial Year ended March 31, 2026.
b) Chief Financial Officer Declaration in respect of Auditors Report (Standalone & Consolidated) with unmodified opinion.
Further pursuant to the provisions of Regulation 47 of SEBI (LODR) an extract of the aforementioned Financial Results would be published by 30.05.2026 in Business Standard (English Edition) and Arthik Lipi (Bengali Vernacular language Daily) newspaper in accordance with the SEBI(LODR)and the same will be made available on the Company's website at https://www.steelmantelecom.com/news-paper-publication.php
Corporate Office: Mani Casadona, Flat No 15E1, Floor No-15, Plot No-IIF/04, Street No-372, Action Area-IIF, New Town, Kolkata-700156. Website: www.steelmantelecom.com | Email: [email protected] | Phone No. +91-8443022233
| CIN No. L55101WB2003PLC096195
Steelman Telecom Limited
(Formerly known as Steelman Telecom Private Limited)
-
The Board has not recommended any dividend for the Financial Year 2025-2026.
-
The Board of Directors taken into note the Related Party Disclosure under Regulation 23(9) of SEBI (LODR) for the Half year and Year ended as on 31st March 2026 and directed the Company Secretary & Compliance Officer to upload the same in XBRL form through integrated filing (Financial) with BSE Portal.
-
The Board has re-appointed Mr. Saurabh Basu, Practicing Company Secretary (C.P. No.14347, Mb No: 18686), having office at 10/6/2, Raja Rammohan Roy Road, 3rd Floor, Kolkata-700008, as a Secretarial Auditor of the Company to conduct the Secretarial Audit of the Company for the Financial Year 2026-2027.
-
The Board has re-appointed M/S S. MURARKA & COMPANY, Practicing Chartered Accountants, having its office at Commerce House, 4th Floor, Room No.5,2A, Ganesh Chandra Avenue, Kolkata-700013, as an Internal Auditor of the Company to conduct an Internal Audit for the Financial Year 2026-2027.
You are requested to take the same on your record.
Thanking You,
Yours faithfully,
For STEELMAN TELECOM LIMITED
(Formerly Known as Steelman Telecom Private Limited)
APARUPA DAS
(Signature required by APPROVED 2026)
DIN: L106-101866010000000000000000000000000000000000000000000000000000000000000000000000000000000)
DISK: 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000)
DISK: 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
APARUPA DAS
(COMPANY SECRETARY & COMPLIANCE OFFICER)
MB No: A42450
As Enclosed:
Corporate Office: Mani Casadona, Flat No 15E1, Floor No-15, Plot No-IIF/04, Street No-372, Action Area-IIF, New Town, Kolkata-700156. Website: www.steelmantelecom.com | Email: [email protected] | Phone No. +91-8443022233
| CIN No. L55101WB2003PLC096195
CA
Jay Gupta & Associates
CHARTERED ACCOUNTANTS
Independent Auditor's Report on the Annual Audited Standalone Financial Results of Steelman Telecom Limited(Formerly Steelman Telecom Private Limited) for the half-year and year ended 31st March, 2026 of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To
The Board of Directors of
STEELMAN TELECOM LIMITED
Opinion
We have audited the accompanying Standalone financial results of Steelman Telecom Limited(Formerly Steelman Telecom Private Limited) ("the Company") for the half year ended 31st March, 2026 and the year to date results for the period from 1st April, 2025 to 31st March, 2026, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us these financial results:
- are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
- give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit and other financial information for the half year ended 31st March, 2026 and the year to date results for the period from 1st April, 2025 to 31st March, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Standalone Financial Results
The Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared on the basis of the financial statements. The Company's Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other financial information in accordance with the Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
Head Office : 23, Gangadhar Babu Lane, Imax Lohia Square, 3rd Floor, Room No. 3A, Kolkata - 700 012
Ph.: +91 46021021, Mob.: +91 9831012639, 9836432639
Email: [email protected]
CA
Jay Gupta & Associates
CHARTERED ACCOUNTANTS
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Head Office : 23, Gangadhar Babu Lane, Imax Lohia Square, 3rd Floor, Room No. 3A, Kolkata - 700 012
Ph.: +91 46021021, Mob.: +91 9831012639, 9836432639
Email: [email protected]
CA
-
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
-
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Statement includes the results for the half year ended March 31, 2026 being the balancing figure between audited figures in respect of the full financial year and the unaudited year to date figures up to the Half year (September 30, 2025) of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter.
For Gupta Agarwal & Associates
Chartered Accountants
FRN: 329001E
JAY SHANKER
GUPTA
Date: May 29, 2026
Place: Kolkata
Digitally signed by JAY SHANKER GUPTA
DN: +91 44 49 4444 304-1348
E-mail: [email protected]
Email: [email protected]
Website: www.1348.67.14.net
Email: [email protected]
Email: [email protected]
Tel: +91 44 49 4444 304-1348
Email: 91 44 49 4444 304-1348
Email: 91 44 49 4444 304-1348
J.S Gupta
(Partner)
Membership No.: 059535
UDIN: 26059535KACFBL1344
Head Office : 23, Gangadhar Babu Lane, Imax Lohia Square, 3rd Floor, Room No. 3A, Kolkata - 700 012
Ph.: +91 46021021, Mob.: +91 9831012639, 9836432639
Email: [email protected]
STEELMAN TELECOM LIMITED
Regd. Off.: Mani Casadona, Flat No 15E1, Floor No-15, Plot no-IIF/04, Street No-372, Action Area-IIF, New Town, Kolkata-700156, New Town, North 24 Parganas, New Town, West Bengal, India, 700156
CIN: L55101WB2003PLC096195, Phone: +91 84430222333
Email Id: [email protected], Website: www.steelmantelocom.com
Statement of Audited Standalone Financial Results for the Half Year and Year Ended 31st March, 2026
Rs. in Lakhs
| Sr. No. | Particulars | 6 Months ended 31.03.2026
Audited | 6 Months ended 30.09.2025
Un-Audited | 6 Months ended 31.03.2025
Audited | Year to date figures as on 31.03.2026
Audited | Year to date figures as on 31.03.2025
Audited |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Income from Operations | | | | | |
| | a) Revenue from Operations | 9079.79 | 9,679.56 | 9,847.15 | 18,759.35 | 17,535.96 |
| | b) Other Operating Income | | | | | |
| | c) Other Income | 188.03 | 152.34 | 138.39 | 340.37 | 209.97 |
| | Total Income from Operations (Net) | 9267.82 | 9831.90 | 9,985.54 | 19,099.72 | 17,745.93 |
| 2 | Expenses | | | | | |
| | (a) Cost of Operation | 3271.42 | 3,579.10 | 4,894.73 | 6,850.52 | 9,297.64 |
| | (b) Purchase of stock-in-trade | - | - | - | - | - |
| | (c) Direct Expenses | - | - | - | - | - |
| | (d) Changes in inventories | (2.21) | 13.21 | 95.76 | 11.00 | 44.92 |
| | (e) Employees Benefits Expenses | 4463.20 | 4,692.34 | 3,926.63 | 9,155.54 | 6,610.68 |
| | (f) Finance Costs | 249.41 | 275.20 | 159.26 | 524.61 | 243.42 |
| | (g) Depreciation & Amortisation expense | 431.42 | 411.75 | 95.72 | 843.17 | 153.87 |
| | (h) Other Expenses | 286.84 | 199.41 | 150.19 | 486.25 | 276.13 |
| | Total Expenses | 8700.08 | 9171.01 | 9,322.29 | 17,871.09 | 16,626.67 |
| 3 | Profit before exceptional items and tax (1-2) | 567.75 | 660.89 | 663.25 | 1,228.64 | 1,119.26 |
| 4 | Exceptional Items (Net- Gain/Loss) | | | | | |
| | Prior Period item-Gratuity Provisions | | | | | |
| 5 | Profit before tax (3+4) | 567.75 | 660.89 | 663.25 | 1,228.64 | 1,119.26 |
| 6 | Tax Expense - Current Tax | 143.06 | 215.33 | 150.08 | 358.39 | 264.77 |
| | - Earlier Year Tax | | | 29.42 | - | 29.42 |
| | - Deferred Tax | 1.64 | (49.00) | 23.92 | (47.35) | 19.32 |
| 7 | Profit after tax from Continuing Operations (5-6) | 423.04 | 494.56 | 459.83 | 917.60 | 805.75 |
| 8 | Profit/(Loss) from Discontinuing Operations | | | | | |
| 9 | Other Comprehensive Income | | | | | |
| | (a) Items that will not be reclassified to Profit & Loss | | | | | |
| | (b) Income tax relating to items that will not be reclassified to Profit & Loss | | | | | |
| | (c) Items that will be reclassified to Profit & Loss | | | | | |
| | (d) Income tax relating to items that will be reclassified to Profit & Loss | | | | | |
| 10 | Total Other Comprehensive Income (a+b+c+d) | | | | | |
| 11 | Total Comprehensive Income (7+9) | 423.04 | 494.56 | 459.83 | 917.60 | 805.75 |
| 12 | Paid Up Equity Share Capital (FV of Rs. 10/- Each) | 967.62 | 967.62 | 967.62 | 967.62 | 967.62 |
| 13 | Earnings per Equity Share (EPS) of Rs. 10/- each (not annualized) | | | | | |
| (i) | a) Basic | 4.37 | 5.11 | 4.75 | 9.48 | 8.33 |
| | b) Diluted | 4.37 | 5.11 | 4.70 | 9.48 | 8.24 |
Notes :
- The above Financial Results were reviewed by Audit Committee and approved by the Board of Directors at the Meeting held on May 29, 2026.
- The Figures for the previous periods have been regrouped and rearranged wherever considered necessary.
- The above consolidated financial statements have been prepared in accordance with applicable Accounting Standard issued by the ICAI
- The Compliance related to IND-AS is not applicable to our company as the company is listed on SME Platform of BSE.
- Segment reporting as defined in Accounting Standard - 17 is applicable to the company and related reporting is being made.
- Balance Payable and Receivable are Subject to be ledger balance confirmation.
- The Standalone Statement includes the results for the half year ended March 31, 2026 being the balancing figure between audited figures in respect of the full financial year and the unaudited year to date figures up to the first half year September 30, 2025 of the current financial year which were subject to limited review.
Place: Kolkata
Date: May 29, 2026
For STEELMAN TELECOM LIMITED
MAHENDRUMADAY
Managing Director
DIN-00484964
STEELMAN TELECOM LIMITED
Regd. Off.: Mani Casadona, Flat No 15E1, Floor No-15, Plot no-IIF/04, Street No-372, Action Area-IIF, New Town, Kolkata-700156, New Town, North 24 Parganas, New Town, West Bengal, India, 700156
CIN: L55101WB2003PLC096195, Phone: +91 84430222333
Email Id: [email protected], Website: www.steelmantelecom.com
Statement of Standalone Assets and Liabilities as at 31st, March 2026
| Particulars | As at
31st March, 2026 | As at
31st March, 2025 |
| --- | --- | --- |
| EQUITY AND LIABILITIES | | |
| EQUITY | | |
| Equity Share Capital | 967.62 | 967.62 |
| Other Equity | 5,912.82 | 4,567.72 |
| Money received against Share Warrants | - | 427.50 |
| Total Equity | 6,880.44 | 5,962.84 |
| LIABILITIES | | |
| Non-Current Liabilities | | |
| Long Term Borrowings | 1,639.56 | 1,750.27 |
| Long term provisions | 267.98 | 235.55 |
| Total Non-Current Liabilities | 1,907.54 | 1,985.81 |
| Current Liabilities | | |
| Current Financial Liabilities | | |
| Short Term Borrowings | 4,236.31 | 3,646.89 |
| Trade Payables | | |
| (a) Total Outstanding dues of micro enterprises and small enterprises | 110.02 | 243.09 |
| (b) Total oustanding dues of creditors other than micro enterprises and small enterprises | 624.43 | 556.30 |
| Other Current Liabilities | 1,146.62 | 1,241.78 |
| Short-term Provisions | 416.17 | 59.05 |
| Total Non-Current Liabilities | 6,533.55 | 5,747.11 |
| TOTAL EQUITY & LIABILITIES | 15,321.53 | 13,695.76 |
| ASSETS | | |
| Non-Current Assets | | |
| Property, Plant & Equipment, Intangible Assets | | |
| - Property, Plant & Equipment | 2,002.95 | 2,514.31 |
| Non-Current Financial Assets | | |
| Investment | 1,908.71 | 1,908.71 |
| Other Non - Current Asset | | |
| Deferred Tax Asset (Net) | 105.52 | 58.16 |
| Total Non-current Assets | 4,017.17 | 4,481.17 |
| Current Assets | | |
| Inventories | 22.41 | 33.41 |
| Trade Receivables | 2,686.87 | 3,531.44 |
| Cash and Bank Balances | | |
| Cash and Cash Equivalents | 22.44 | 45.59 |
| Other Bank Balances | 1,298.46 | 1,170.88 |
| Short-term Loans and Advances | 3,869.61 | 2,389.93 |
| Other current assets | 3,404.58 | 2,043.34 |
| Total Current Assets | 11,304.36 | 9,214.59 |
| TOTAL ASSETS | 15,321.53 | 13,695.76 |
Place: Kolkata
Date: May 29, 2026
For STEELMAN TELECOM LIMITED:
MAHENDRA BENDAL
Managing Director
DIN-00484964
STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2026
| PARTICULARS | FIGURES FOR THE YEAR ENDED OF 31ST MARCH, 2026 | FIGURES FOR THE YEAR ENDED OF 31ST MARCH, 2025 | ||
|---|---|---|---|---|
| A | Cash Flow from Operating Activities : | |||
| Net Profit/(Loss) before tax | 1228.64 | 1,119.26 | ||
| Adjustments for: | ||||
| Finance Cost | 524.61 | 243.42 | ||
| Depreciation | 843.17 | 153.87 | ||
| Provision for Garatuity | 31.16 | 24.81 | ||
| Interest Income | (334.76) | (195.77) | ||
| Profit on sale of investment/Fixed assets | (5.23) | - | ||
| CSR Payment | (15.27) | |||
| Operating Profit before working capital changes | 2287.58 | 1330.33 | ||
| Increase / (Decrease) in Other Current Assets | (1,361.24) | (1,616.46) | ||
| Increase / (Decrease) in Trade Payables | (64.94) | 24.86 | ||
| Increase / (Decrease) in Other Current Liabilities | (95.15) | 377.78 | ||
| Increase / (Decrease) in Short Term Provisions | - | 6.05 | ||
| (Increase) / Decrease in Inventories | 11.00 | 44.92 | ||
| (Increase) / Decrease in Trade Receivable | 844.57 | (516.46) | ||
| (Increase) / Decrease in Short Term Loans & Advances | (1,479.68) | (1,497.88) | ||
| Operating Profit after working capital changes | 142.13 | (1,846.84) | ||
| Less: Income Tax Paid | 0.00 | 29.42 | ||
| Net Cash from/ (used in) Operating Activities | (A) | 142.13 | (1,876.27) | |
| Cash Flow from Investing Activities : | ||||
| Purchase of Property, Plant & Equipment and Intangible assets | (334.10) | (1,747.22) | ||
| Sale of Property, Plant & Equipment and Intangible assets | 7.52 | - | ||
| Purchase/(Sale) of Investments | - | (0.00) | ||
| Changes in Other Bank balances | (127.58) | (13.34) | ||
| Interest Income | 334.76 | 195.77 | ||
| Net Cash from/ (used in) Investing Activities | (B) | (119.40) | (1,564.79) | |
| C | Cash Flow from Financing Activities : | |||
| Increase / (Decrease) in Short Term Borrowings | 589.42 | 2,087.01 | ||
| Increase / (Decrease) in Long Term Borrowings | (110.70) | 1,624.74 | ||
| Finance Cost | (524.61) | (243.42) | ||
| Net Cash from/ (used in) Financing Activities | (C) | (45.89) | 3,468.33 | |
| Net Increase/ (Decrease) in Cash & Cash Equivalents | (A+B+C) | (23.16) | 27.27 | |
| Cash & Cash Equivalents as at the beginning of the year | 45.59 | 18.32 | ||
| Cash & Cash Equivalents as at the end of the year | 22.44 | 45.59 |
For STEELMAN TELECOM LIMITED
Place : Kolkata
Date: May 29, 2026
MAHENDRA BINDAL
Managing Director
DIN-00484964
| STEELMAN TELECOM LIMITED Regd. Off.: Mani Casadona, Flat No 15E1, Floor No-15, Plot no-IIF/04, Street No-372, Action Area-IIF, New Town, Kolkata-700156, CIN: L55101WB2003PLC096195, Phone: +91 84430222333 Email Id: [email protected], Website: www.steelmantelecom.com | |||||
|---|---|---|---|---|---|
| Annexure IV Segment of Audited Standaone financial Results for the Year Ended 31st March, 2026 | |||||
| Particulars | 6 months ended (31/03/2026) | 6 months ended (30/09/2025) | 6 months ended (31/03/2025) | Year to date figures for current period ended (31/03/2026) | Year to date figures for current period ended (31/03/2025) |
| Audited | Audited | Audited | Audited | Audited | |
| 1. Segment Revenue (net sale/income from each segment should be disclosed under this head) | |||||
| (a) TELECOM | 8,877.72 | 9,019.28 | 9,180.07 | 17,896.99 | 16,131.01 |
| (b) EPC | 202.32 | 186.04 | 667.08 | 388.36 | 1,404.95 |
| (c) CAR RENTAL | -0.24 | 474.24 | 474.00 | ||
| (d) Unallocated Total | 188.03 | 152.34 | 138.39 | 340.38 | 209.97 |
| Less: Inter Segment Revenue | |||||
| Net sales/Income From Operations | 9,267.82 | 9,831.90 | 9,985.54 | 19,099.72 | 17,745.93 |
| 2. Segment Results (Profit)(+)/ Loss (-) before tax and interest from Each segment)# | |||||
| (a) TELECOM | 970.79 | 965.03 | 925.45 | 1,935.82 | 1,686.96 |
| (b) EPC | 48.60 | 36.48 | 143.90 | 85.08 | 202.59 |
| (c) CAR RENTAL | -0.24 | 20.79 | -55.95 | 20.55 | -55.95 |
| (d) Unallocated Total | -451.39 | -361.42 | -350.14 | -812.81 | -714.34 |
| Total | 567.75 | 660.89 | 663.26 | 1,228.64 | 1,119.26 |
| 3. Capital Employed | |||||
| Segment Assets | |||||
| (a) TELECOM | 1,262.90 | 7,259.34 | 10,465.85 | 8,522.24 | 10,465.85 |
| (b) EPC | -154.85 | 516.46 | 606.98 | 361.61 | 606.98 |
| (c) CAB Rental | -1,544.50 | 2,018.50 | 1,700.55 | 474.00 | 1,700.55 |
| (d) Unallocated Total | 705.71 | 5,257.98 | 922.37 | 5,963.69 | 922.37 |
| TOTAL | 269.26 | 15,052.28 | 13,695.76 | 15,321.54 | 13,695.76 |
| Segment Liabilities | |||||
| (a) TELECOM | 1,584.17 | 1,988.54 | 6,142.60 | 3,572.71 | 6,142.60 |
| (b) EPC | -1.17 | 39.78 | 68.09 | 38.61 | 68.09 |
| (c) CAB Rental | -2,081.24 | 2,081.24 | 1,886.92 | - | 1,886.92 |
| (d) Unallocated Total | 344.49 | 4,485.29 | 62.80 | 4,829.78 | 62.80 |
| TOTAL | -153.76 | 8594.86 | 8160.42 | 8441.10 | 8160.42 |
| (Segment assets - Segment Liabilities) | |||||
| (a) TELECOM | -321.27 | 5,270.80 | 4,323.25 | 4,949.53 | 4,323.25 |
| (b) EPC | -153.68 | 476.68 | 538.89 | 323.00 | 538.89 |
| (c) CAB Rental | 536.74 | -62.74 | -186.37 | 474.00 | -186.37 |
| (d) Unallocated Total | 361.22 | 772.69 | 859.58 | 1,133.91 | 859.58 |
| Total | 423.02 | 6,457.42 | 5,535.34 | 6,880.44 | 5,535.34 |
*strike off whichever is not applicable
Profit/loss before tax and after interest in case of segments having operations which are primarily of financial nature.
** Other than the interest pertaining to the segments having operations which are primarily of financial nature.
Place: Kolkata
Date: May 29, 2026
For STEELMAN TELECOM LIMITED
MAHENJEANINDAL
Managing Director
DIN-00484964
CA
Jay Gupta & Associates CHARTERED ACCOUNTANTS
Independent Auditor's Report on the Annual Audited Consolidated Financial Results for the half-year and year ended 31st March, 2026 of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To
The Board of Directors of
Steelman Telecom Limited
(Formerly Steelman Telecom Private Limited)
Opinion
We have audited the accompanying Consolidated Financial Results of Steelman Telecom Limited (Formerly Known as Steelman Telecom Private Limited) (hereinafter referred to as the "Holding Company") and its Indian subsidiary M/s. : EC Wheels India Private Limited and Foreign subsidiary M/s. Steelman Installation Services PLC, incorporated in Ethiopia, Africa (Holding Company and its Indian and Foreign subsidiaries together referred to as "the Group"), for the half year ended 31st March, 2026 and the year to date results for the period from 1st April, 2025 to 31st March, 2026, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of report of other auditor on separate audited financial statements of the subsidiary, the aforesaid consolidated annual financial results:
a) include the annual financial results of the following entity:
Indian subsidiary: M/s.: EC Wheels India Private Limited and
Foreign subsidiary: M/s. Steelman Installation Services PLC
i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the consolidated net profit and other financial information for the group for the half year ended 31st March, 2026 and the year to date results for the period from 1st April, 2025 to 31st March, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CA
Jay Gupta & Associates CHARTERED ACCOUNTANTS
Management's Responsibilities for the Financial Results
The Consolidated Statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared on the basis of the consolidated financial statements. The Company's Board of Directors are responsible for the preparation of these Consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the group in
accordance with the Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Consolidated financial results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group is responsible for overseeing the financial reporting process of each company.
Auditor's Responsibilities for the Audit of the Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to Consolidated financial statements in place and the operating effectiveness of such controls.
Ph. : +91 46021021, Mob.: +91 9831012639, 9836432639
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated annual financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
a. We did not audit the financial statements of the subsidiaries including foreign subsidiary, whose financial statements reflect the following, as considered in the consolidated financial statements:
| Name of Subsidiary | Status of Financials | Total Asset as on March 31, 2026 | Total Revenues for the F.Y. 2025-26 | Net profit after tax for the F.Y. 2025-26 |
|---|---|---|---|---|
| M/s. EC Wheels India Private Limited (Indian Subsidiary) | Audited Financial statement (Amount In Lakhs, INR) (Audited By H.P. Jhunjhunwala & Co, dated 26-05-2026) | 4,162.01 | 4,765.66 | (1,908.56) |
| M/s. Steelman Installation Services PLC (Foreign Subsidiary) | Audited Financial statement (Amount In Birr) (Audited By Hlwot Tesfaye, dated 25-05-2026) | 2,534,065 | 4,364,027 | (2,017,438) |
These financial statements have been audited by other auditors whose reports have been furnished to us by the management.
Our opinion on the consolidated annual financial results, in so far as it relates to the amounts and
disclosures included in respect of these entities, are based solely on the report of such other auditors and the procedures performed by us are as stated in paragraph above.
The subsidiaries whose financial statements have been prepared in accordance with accounting principles generally accepted in its country and which have been audited by other auditor under generally accepted auditing standards applicable in its country.
Our opinion on the consolidated annual financial results is not modified in respect of the above matters with respect to our reliance on the work done and the report of the other auditor.
b. The Statement includes the consolidated financial results for the half year ended March 31, 2026 being the balancing figure between audited figures in respect of the full financial year and the unaudited year to date figures up to the Half year (September 30, 2025) of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter.
For Jay Gupta & Associates
(Formerly Gupta Agarwal & Associates)
Chartered Accountants
FRN: 329001E
JAY SHANKER
GUPTA
J.S Gupta
(Partner)
Membership No.: 059535
UDIN: 26059535OACGXR8435
Date: May 29, 2026
Place: Kolkata
Head Office : 23, Gangadhar Babu Lane, Imax Lohia Square, 3rd Floor, Room No. 3A, Kolkata - 700 012
Ph.: +91 46021021, Mob.: +91 9831012639, 9836432639
Email: [email protected]
Email Id: [email protected], Website: www.steelmantelecom.com
Statement of Audited Consolidated Financial Results for the Half Year and Year Ended 31st March, 2026
Rs. in Lakhs
| Sr. No. | Particulars | 6 Months ended 31.03.2026 | 6 Months ended 30.09.2025 | 6 Months ended 31.03.2025 | Year to date figures as on 31.03.2026 | Year to date figures as on 31.03.2025 |
|---|---|---|---|---|---|---|
| Audited | Un-Audited | Audited | Audited | Audited | ||
| 1 | Income from Operations | |||||
| a) Revenue from Operations | 11,350.23 | 11,681.99 | 12,944.26 | 23,032.21 | 23,094.40 | |
| b) Other Operating Income | - | - | - | - | - | |
| c) Other Income | 68.71 | 58.28 | 147.74 | 126.99 | 179.84 | |
| Total Income from Operations (Net) | 11,418.93 | 11,740.27 | 13,092.00 | 23,159.20 | 23,273.23 | |
| 2 | Expenses | |||||
| (a) Cost of Operation | 5,130.90 | 5,895.08 | 7,982.25 | 11,025.99 | 14,680.52 | |
| (b) Purchase of stock-in-trade | - | - | - | - | - | |
| (c) Direct Expenses | - | - | - | - | - | |
| (d) Changes in inventories | (2.21) | 13.21 | 95.76 | 11.00 | 44.92 | |
| (e) Employees Benefits Expenses | 4,744.53 | 5,044.73 | 4,259.93 | 9,789.26 | 7,278.39 | |
| (f) Finance Costs | 366.49 | 404.80 | 315.29 | 771.30 | 544.52 | |
| (g) Depreciation & Amortisation expense | 982.07 | 959.36 | 872.81 | 1,941.43 | 1,555.42 | |
| (h) Other Expenses | 327.79 | 458.84 | 346.02 | 786.63 | 601.93 | |
| Total Expenses | 11,549.58 | 12,776.02 | 13,872.05 | 24,325.60 | 24,705.71 | |
| 3 | Profit before exceptional items and tax (1-2) | (130.65) | (1,035.75) | (780.06) | (1,166.40) | (1,432.47) |
| 4 | Exceptional Items (Net- Gain/Loss) | - | - | - | - | - |
| CSR Provisions | - | - | - | - | - | |
| Prior Period Item-Gratuity Provisions | - | - | - | - | - | |
| 5 | Profit before tax (3+4) | (130.65) | (1,035.75) | (780.06) | (1,166.40) | (1,432.47) |
| 6 | Tax Expense - Current Tax | 143.06 | 215.33 | 150.08 | 358.39 | 264.77 |
| - Deferred Tax | 306.38 | (353.74) | (1,029.62) | (47.35) | (840.08) | |
| - Earlier Years Tax | - | - | 29.42 | - | 29.42 | |
| - Withholding Tax (Foreign Subsidiary) | - | - | 1.77 | - | - | |
| 7 | Profit after tax from Continuing Operations ( 5-6 ) | (580.09) | (897.35) | 68.30 | (1,477.44) | (886.58) |
| 8 | Profit/(Loss) from Discontinuing Operations | |||||
| Less: Share of Profit of Minority Shareholders | (235.68) | (616.11) | (132.74) | (851.79) | (744.27) | |
| 9 | Other Comprehensive Income | |||||
| (a) Items that will not be reclassified to Profit & Loss | - | - | - | - | - | |
| (b) Income tax relating to items that will not be reclassified to Profit & Loss | - | - | - | - | - | |
| (c) Items that will be reclassified to Profit & Loss | - | - | - | - | - | |
| (d) Income tax relating to items that will be reclassified to Profit & Loss | - | - | - | - | - | |
| 10 | Total Other Comprehensive Income (a+b+c+d) | - | - | - | - | - |
| 11 | Total Comprehensive Income (7+9) | (344.41) | (281.24) | 201.04 | (625.65) | (142.32) |
| 12 | Extra Ordinary Items (Net of Tax Expense Rs...Lakhs) | |||||
| 13 | Net Profit (+)/Loss(-) for the period (11-12) | |||||
| 12 | Paid Up Equity Share Capital (FV of Rs. 10/- Each) | 967.62 | 967.62 | 967.62 | 967.62 | 967.62 |
| 15 | Reserves excluding revaluation Reserves as per last Balance Sheet | |||||
| 13 | Earnings per Equity Share (EPS) of Rs. 10/- each (not annualized) | |||||
| (i) | a) Basic | (3.56) | (2.91) | 2.08 | (6.47) | (1.47) |
| b) Diluted | (3.56) | (2.91) | 2.08 | (6.47) | (1.47) |
Notes :
1 The above Financial Results were reviewed by Audit Committee and approved by the Board of Directors at the Meeting held on 29th May, 2026
2 The Figures for the previous periods have been regrouped and rearranged wherever considered necessary.
3 The above financial statements have been prepared in accordance with applicable Accounting Standard issued by the ICAI
4 The Compliance related to IND-AS is not applicable to our company as the company is listed on SME Platform of BSE.
5 Segment reporting as defined in Accounting Standard - 17 is applicable to the company and related reporting is being made.
6 Balance Payable and Receivable are Subject to be ledger balance confirmation.
7 The Consolidated Statement includes the results for the half year ended March, 2026 being the balancing figure between audited figures in respect of the full financial year and the unaudited year to date figures up to the first half year ended on September 30, 2025 of the current financial year which were subject to limited review.
Place : Kolkata
Date : May 29, 2026
For STEELMAN TRAFFIC LIMITED
MAHESHAN BINDAL
Managing Director
DIN-00484964
Regd. Off.: Mani Casadena, Flat No 15E1, Floor No-15, Plot no-IIF/04, Street No-372, Action Area-IIF, New Town, Kolkata-700156, New Town, North 24 Parganas, New Town, West Bengal, India, 700156
Email Id: [email protected], Website: www.steelmantelecom.com
Statement of Audited Consolidated Assets and Liabilities as at 31st March, 2026
| Particulars | As at
31st March, 2026 | As at
31st March, 2025 |
| --- | --- | --- |
| EQUITY AND LIABILITIES | | |
| EQUITY | | |
| Equity Share Capital | 967.62 | 967.62 |
| Other Equity | 1,896.54 | 2,094.69 |
| Money received against Share Warrants | - | 427.50 |
| Total Equity | 2,864.16 | 3,489.81 |
| Minority Interest | (603.32) | 27.10 |
| LIABILITIES | | |
| Non-Current Liabilities | | |
| Long Term Borrowings | 2,891.91 | 3,750.74 |
| Long term provisions | 267.98 | 235.55 |
| Total Non-Current Liabilities | 2,556.57 | 3,986.29 |
| Current Liabilities | | |
| Current Financial Liabilities | | |
| Short Term Borrowings | 4,976.57 | 4,776.17 |
| Trade Payables | | |
| (a) Total Outstanding dues of micro enterprises and small enterprises | 228.03 | 525.29 |
| (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,037.15 | 745.08 |
| Other Current Liabilities | 1,408.65 | 1,509.82 |
| Short-term Provisions | 416.17 | 59.05 |
| Total Non-Current Liabilities | 8,066.57 | 7,615.41 |
| TOTAL EQUITY & LIABILITIES | 13,487.30 | 15,118.61 |
| ASSETS | | |
| Non-Current Assets | | |
| Property, Plant & Equipment, Intangible Assets | | |
| - Tangible Assets | 3,686.36 | 5,274.86 |
| - Intangible Assets | 0.07 | 0.07 |
| - Capital W-I-P | - | 161.56 |
| Non-Current Financial Assets | | |
| Non Current Investment | 33.98 | 33.98 |
| Other Non - Current Asset | 458.23 | 388.06 |
| Deferred Tax Asset (Net) | 1,460.64 | 1,413.30 |
| Total Non-current Assets | 5,639.28 | 7,271.82 |
| Current Assets | | |
| Inventories | 22.41 | 33.41 |
| Trade Receivables | 2,341.79 | 3,592.78 |
| Cash and Bank Balance | | - |
| (i) Cash and Cash Equivalents | 71.59 | 152.00 |
| (ii) Other Bank Balances | 1,298.46 | 1,285.37 |
| Short-term Loans and Advances | 271.33 | 331.82 |
| Other current assets | 3,842.44 | 2,451.41 |
| Total Current Assets | 7,848.02 | 7,846.79 |
| TOTAL ASSETS | 13,487.30 | 15,118.61 |
For STEELMAN TELECOM LIMITED.
AUDITED CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2026
| PARTICULARS | FOR THE YEAR ENDED 31ST MARCH, 2026 | FOR THE YEAR ENDED 31ST MARCH, 2025 | ||
|---|---|---|---|---|
| A | Cash Flow from Operating Activities : | |||
| Net Profit/(Loss) before tax | (1,166.40) | (1,432.47) | ||
| Adjustments for: | ||||
| Finance Cost | 771.30 | 544.52 | ||
| Depreciation | 1,941.43 | 1,555.42 | ||
| Provision for Garatuity | 31.16 | 24.81 | ||
| Interest Income | (121.38) | (86.75) | ||
| Profit on sale of investment/Fixed assets | (5.23) | - | ||
| CSR Payment | - | (15.28) | ||
| Written Off Capital WIP | 161.56 | |||
| Operating Profit before working capital changes | 1,612.44 | 590.25 | ||
| Increase / (Decrease) in Other Current Assets | (1,391.03) | (1,663.92) | ||
| (Increase) / Decrease in Short Term Loans & Advances | 60.50 | (39.00) | ||
| Increase / (Decrease) in Other Current Liabilities | (123.67) | 487.48 | ||
| (Increase) / Decrease in Inventories | 11.00 | 44.92 | ||
| (Increase) / Decrease in Trade Receivable | 1,273.50 | (465.93) | ||
| Short term provision for tax | (0.00) | 7.42 | ||
| (Increase) / Decrease in Trade Payables | (5.19) | 325.37 | ||
| Operating Profit after working capital changes | 1,437.54 | (713.40) | ||
| Less: Income Tax Paid | (0.97) | (29.42) | ||
| Net Cash from/ (used in) Operating Activities | (A) | 1,436.57 | (742.82) | |
| Cash Flow from Investing Activities : | ||||
| Purchase of Property, Plant & Equipment and Intangible assets | (354.24) | (2,978.09) | ||
| Purchase of C-W-I-P | (0.00) | (128.11) | ||
| Other Non-current assets | (70.18) | (89.63) | ||
| Sale of Property, Plant & Equipment and Intangible assets | 7.52 | - | ||
| Chages in Other Bank Balances | (13.09) | (41.35) | ||
| Interest Income | 121.38 | 86.75 | ||
| Net Cash from/ (used in) Investing Activities | (B) | (308.62) | (3,150.44) | |
| Cash Flow from Financing Activities : | ||||
| Increase / (Decrease) in Short Term Borrowings | 200.39 | 1,084.44 | ||
| Increase / (Decrease) in Long Term Borrowings | (858.83) | 2,734.91 | ||
| Minority Interest | 221.37 | 655.90 | ||
| Finance Cost | (771.30) | (544.52) | ||
| Net Cash from/ (used in) Financing Activities | (C) | (1,208.37) | 3,930.74 | |
| Net Increase/ (Decrease) in Cash & Cash Equivalents | A+B+C | (80.42) | 37.48 | |
| Cash & Cash Equivalents as at the beginning of the year | 152.00 | 114.52 | ||
| Cash & Cash Equivalents as at the end of the year | 71.59 | 152.00 |
Place : Kolkata
Date: May 29, 2026
For STEELMAN TELECOM LIMITED
MAHENDRA BINDAL
Managing Director
DIN-00484964
| STEELMAN TELECOM LIMITED
Regd. Off.: Mani Casadona, Flat No 15E1, Floor No-15, Plot no-IIF/04, Street No-372, Action Area-IIF, New Town, Kolkata-700156, New
CIN: L55101WB2003PLC096195, Phone: +91 84430222333
Email Id: [email protected], Website: www.steelmantelecom.com | | | | | |
| --- | --- | --- | --- | --- | --- |
| Annexure IV
Segment of Audited Consolidated Financial Results for the Year Ended 31st March, 2026 | | | | | |
| Particulars | 6 months ended
(31/03/2026) | 6 months
ended
(30/09/2025) | 6 months
ended
(31/03/2025) | Year to date
figures for current
period ended
(31/03/2026) | Year to date
figures for current
period ended
(31/03/2025) |
| | Audited | Audited | Audited | Audited | Audited |
| 1. Segment Revenue
(net sale/income from each segment should be disclosed under this head) | | | | | |
| (a) TELECOM | 8,978.59 | 8,944.64 | 9,238.66 | 17,923.23 | 16,290.51 |
| (b) EPC | -56.10 | 186.04 | 667.08 | 129.93 | 1,404.95 |
| (c) CAR RENTAL | -474.24 | 474.24 | - | - | - |
| (d) CAB Hiring | 2,737.61 | 1,983.01 | 3,038.51 | 4,720.62 | 5,398.93 |
| (e) Unallocated Total | 233.07 | 152.34 | 147.74 | 385.41 | 178.84 |
| Less: Inter Segment Revenue | | | | | |
| Net sales/Income From Operations | 11,418.93 | 11,740.27 | 13,091.99 | 23,159.20 | 23,273.23 |
| 2. Segment Results (Profit)(+)/ Loss (-)
before tax and interest from Each segment)# | | | | | |
| (a) TELECOM | 495.72 | 953.62 | 916.17 | 1,449.34 | 1,662.27 |
| (b) EPC | 48.60 | 36.48 | 194.74 | 85.08 | 202.59 |
| (c) CAR RENTAL | -0.24 | 20.79 | - | 20.55 | -55.95 |
| (d) CAB Hiring | -223.34 | -1,685.22 | -1,525.34 | -1,908.56 | -2,527.04 |
| (e) Unallocated Total | -451.39 | -361.42 | -309.67 | -812.81 | -714.34 |
| Total | -130.66 | -1,035.75 | -724.10 | -1,166.40 | -1,432.47 |
| 3. Capital Employed | | | | | |
| Segment Assets | | | | | |
| (a) TELECOM | -2,396.62 | 4,922.61 | 6,548.62 | 2,525.99 | 6,548.62 |
| (b) EPC | -154.85 | 516.46 | 606.98 | 361.61 | 606.98 |
| (c) CAR RENTAL | -1,544.50 | 2,018.50 | 1,700.55 | 474.00 | 1,700.55 |
| (d) CAB Hiring | 1,975.89 | 2,186.12 | 5,340.09 | 4,162.01 | 5,340.09 |
| (e) Unallocated Total | 705.71 | 5,257.98 | 922.37 | 5,963.69 | 922.37 |
| TOTAL | -1,414.37 | 14,901.67 | 15,118.61 | 13,487.30 | 15,118.62 |
| Segment Liabilities | | | | | |
| (a) TELECOM | 985.26 | 1,995.56 | 6,185.88 | 2,980.82 | 6,185.88 |
| (b) EPC | -1.17 | 39.78 | 68.09 | 38.61 | 68.09 |
| (c) CAR RENTAL | -2,081.24 | 2,081.24 | 1,886.92 | - | 1,886.92 |
| (d) CAB Hiring | -317.30 | 3,091.23 | 3,852.60 | 2,773.93 | 3,852.60 |
| (e) Unallocated Total | 344.49 | 4,485.29 | 62.80 | 4,829.78 | 62.80 |
| TOTAL | -1069.96 | 11693.10 | 12056.29 | 10623.14 | 12056.30 |
| (Segment assets - Segment Liabilities) | | | | | |
| (a) TELECOM | -3,381.88 | 2,927.05 | 362.74 | -454.83 | 362.74 |
| (b) EPC | -153.68 | 476.68 | 538.89 | 323.00 | 538.89 |
| (c) CAR RENTAL | 536.74 | -62.74 | -186.37 | 474.00 | -186.37 |
| (d) CAB Hiring | 2,293.19 | -905.11 | 1,487.49 | 1,388.08 | 1,487.49 |
| (e) Unallocated Total | 361.23 | 772.69 | 859.58 | 1,133.92 | 859.57 |
| Total | -344.41 | 3,208.57 | 3,062.31 | 2,864.16 | 3,062.32 |
| *strike off whichever is not applicable
Profit/loss before tax and after interest in case of segments having operations which are primarily of financial nature.
** Other than the interest pertaining to the segments having operations which are primarily of financial nature. | | | | | |
Place: Kolkata
Date: May 29, 2026
For STEELMAN TELECOM LIMITED
MAHENDRA BINDAL
Managing Director
DIN-00454964
Steelman Telecom Limited
(Formerly known as Steelman Telecom Private Limited)
Dated: 29.05.2026
To,
The Manager
Corporate Relationship Department
Bombay Stock Exchange Limited
1st Floor, New Trading Wing,
Phiroze Jeejeebhoy Tower
Dalal Street, Fort, Mumbai-400001
Scrip Code: BSE: 543622
Dear Sir/Madam,
Sub: Declaration pursuant to Regulation 33(3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby confirm that the Statutory Auditors of the Company M/S Jay Gupta & Associates, Chartered Accountants (Firm Registration No.329001E) have not expressed any modified opinion(s) in their Audit Report on the Consolidated and Standalone Financial Results for the Financial Year ended March 31, 2026.
You are requested to take the same on your record.
Thanking You,
Yours faithfully,
For STEELMAN TELECOM LIMITED
(Formerly Known as Steelman Telecom Private Limited)
Mohit Agarwal
(CHIEF FINANCIAL OFFICER)
Steelman Telecom Limited
(Formerly known as Steelman Telecom Private Limited)
Date: 29.05.2026
To,
Listing Compliance
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai- 400001.
Scrip Code: BSE: 543622
Dear Madam/Sir,
Sub: Disclosure of Re-Appointment of Secretarial Auditor and Internal Auditor under Regulation 30 of SEBI(LODR) 2015.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we would like to inform you that the Board of Directors in their meeting held on 29th May 2026, have Re-Appointed:
-
Mr. Saurabh Basu, Practicing Company Secretary (C.P. No.14347, Mb No: 18686), having office at 10/6/2, Raja Rammohan Roy Road, 3rd Floor, Kolkata-700008, as a Secretarial Auditor of the Company to conduct the Secretarial Audit of the Company for the Financial Year 2026-2027.
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M/S S. MURARKA & COMPANY, Practicing Chartered Accountants, having its office at Commerce House, 4th Floor, Room No.5,2A, Ganesh Chandra Avenue, Kolkata-700013, as an Internal Auditor of the Company to conduct an Internal Audit for the Financial Year 2026-2027.
The brief profile of the above Auditors is attached as Annexure- I and Annexure -II.
We request you to please take the same on record.
Kindly acknowledge the receipt.
Yours faithfully,
For STEELMAN TELECOM LIMITED
(Formerly Known as Steelman Telecom Private Limited)
APARUPA DAS
(Company Secretary & Compliance Officer)
Mb No: A42450
: Enclosed as above
Annexure I
PROFILE
S Basu & Associates is a well-known Peer Reviewed Practising Company Secretary firm founded by Mr. Saurabh Basu, ACS, ACMA and MBA (Finance) & Insolvency Professionals, enriched with experience of more than 25 years since 2017. The firm expanded its practice with the name & style of M/s S Basu & Associates by introducing dynamic and experienced resources both of human and physical infrastructure. During these many years of gruelling, penetrating & successful experience in the Secretarial & Legal fields, S Basu & Associates earned enviable reputation of providing knowledge-based services to various clients in the fields of Corporate Laws & Compliances
S Basu & Associates is situated at Behala Chowrasta, south west area in Kolkata (India), having a well-furnished spacious office with a congenial workplace setup, supported by latest technologies and also a well-equipped library. It has also taken subscription of various legal sites
S Basu & Associates is assisted by a team of bright and dynamic professionals. S Basu & Associates has an impressive blend of qualified & experienced professionals as well as young experts providing high end services backed by extensive experience across various industries, knowledge of corporate law and complex secretarial compliances & governance regulations.
Contact Details: S Basu & Associates
Address: Alapan Apartment, 3rd Floor, 10/6/2 Raja Rammohan Roy Road, Kolkata -700008
Mobile No.: +91 9433443501/9433764525
Email. Id : [email protected]
Website: www.cssbasu.com
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Page 2 of 4
| Secretarial Auditor | ||
|---|---|---|
| Name of the Company | Year | Weblink of that report |
| MSTC Limited, Mini Ratna Category-I, A govt of India Enterprise, Listed in BSE and NSE | 2023-24 | |
| 2024-25 | ||
| 2025-2030 | ||
| (has been Appointed) | https://www.mstcindia.co.in/content/Financialperformance.aspx | |
| Hindustan Copper Ltd a Mini Ratna Category-I, Government of India (GoI) Enterprise, listed in BSE & NSE | 2023-24 | |
| 2024-25 | ||
| 2025-2030 | ||
| (has been Appointed) | https://www.hindustancopper.com/Page/AnnualReport | |
| Hindustan Organic Chemicals Ltd. Ambalamugal Po Ernakulam, Kerala - 682 302, Listed in BSE | 2025-2030 | |
| (has been Appointed) | --- | |
| Arohan Financial Services Limited, NBFC - Micro Finance Company, High debt listed company in BSE | 2020-21 | |
| 2021-22 | ||
| 2022-23 | ||
| 2023-24 | ||
| 2024-25 | https://www.arohan.in/investor-relations/media-centre/annual-reports/ | |
| Steelman Telecom Limited - SME listed Company of BSE | 2023-24 | |
| 2024-25 | https://www.steelmantelecom.com/annual-report.php | |
| Along with some other CSE listed Companies and Unlisted Public Companies |
Page 3 of 4
| Compliance Certification and Compliance related works other than Peerless Group | ||
|---|---|---|
| Name of the Company | Year | Weblink of that report |
| Coal India Ltd, Maha Ratna enterprise under the Ministry of Coal, Government of India Listed in BSE and NSE | 2023-24 | |
| 2024-25 | ||
| 2025-26 | https://www.coalindia.in/performance/annual-reports/ | |
| The Peerless General Finance & Investment Co Ltd and its Group Companies, Non-Banking Finance Company | 2019-20 | |
| 2020-21 | ||
| 2021-22 | ||
| 2022-23 | ||
| 2023-24 | ||
| 2024-25 | ||
| 2025-26 | https://peerless.co.in/statutory-disclosures | |
| Induss Group | Since 2017 | --- |
| Aryan Group | Since 2016 | --- |
| The Phosphate Company Ltd and it's Group Companies | Since 2021 | --- |
| Along with some other different size of Companies, both in Public and Private Companies, Listed as well as Unlisted |
SAURAR
Highlights signed by
JALINABANDAD
H BASU
Date: 2024.01.27
17:13:13 +03'03'
Page 4 of 4
| Incorporation | |
|---|---|
| Bharat Coal Gasification & Chemicals Ltd | |
| (A joint venture of Coal India Ltd and Bharat Heavy Electricals Ltd) | In the FY 2024-25 |
| Coal Gas India Ltd | |
| (A joint venture of Coal India Ltd and GAIL India Ltd) | In the FY 2024-25 |
| CIL Rajasthan Akshay Urja Limited | |
| (A joint venture of Coal India Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Ltd) | In the FY 2025-26 |
| Along with some OPC, Pvt and Public Companies incorporated | In the FY 2025-26 and earlier |
| IBC,2016 | |
| Empaneled Insolvency Resolution professional of Indian Bank (earlier Allahabad Bank) | |
| Appointed as IRP & RP of two companies by Hon'ble NCLT, Kolkata | |
| Act as a Voluntary Liquidator under IBC,2016 of 7 Companies |
S. MURARKA & COMPANY
Commerce House, 4th Floor, R. No. 5
2A, Ganesh Chandra Avenue, Kolkata - 700 013
☎ : (O) 2213-2248
E-mail : [email protected]
Annexure II
To,
Steelman Telecom Limited,
Mani Casadona, Flat No 15E1, Floor No-15,
Plot No-IIF/04, Street No-372, Action Area-IIF,
New Town, Kolkata-700156.
Dear Sir,
Subsequent to our consent to act as Internal Auditors of your Company and as required by you, we herein submit our brief profile as under:
- Name of the firm : S Murarka And Company
- Name of Proprietor : Satish Murarka, FCA
- Membership No. of Proprietor : 051527
- Firm Registration No. : 322627E
- Date of Membership : 01.04.1982
- Date of Registration of Firm : 02.06.1994
- PAN : ADLPM3321Q
Thanking you
For S Murarka & Company
Chartered Accountants
(S Murarka)
Proprietor
