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MSP Steel announces demerger of manufacturing business, shares to be allotted post-arrangement
02-Sep-2026, 10:17

MSP Steel and Alloys Limited announced a scheme of arrangement for the demerger of its manufacturing business into the company. The demerger will result in the allotment of 5 fully paid equity shares of MSP Steel for every 1 equity share held in MSP Steel and Alloys. The rationale includes optimizing skills and knowledge, achieving cost efficiencies, enhancing revenue potential, and streamlining cash flow management. The shareholding pattern will change, with promoters holding 59.52% and public shareholders holding 40.48% post-demerger. MSP Steel has also appointed S. K. Agrawal & Co, Chartered Accountants LLP as the internal auditor and Mr. Sambhu Banerjee as the cost auditor.