NMDC Steel Limited has responded to a query from the BSE regarding a ‘spurt in volume.’ The company stated that it promptly discloses material price-sensitive information. Recent disclosures include financial results for the quarter ended June 30, 2026, reporting a profit after tax of ₹50.51 Crore, and an upgrade in its long-term credit rating by Crisil. NMDC Steel confirmed there is no other price-sensitive information currently to be shared.
NMDC Steel Responds to BSE Query
NMDC Steel Limited has officially addressed a recent communication from the BSE concerning unusual trading activity, specifically a ‘spurt in volume.’ In its clarification, the company reiterated its commitment to transparently disclosing any material price-sensitive information to the stock exchanges promptly, as per regulatory requirements.
Recent Material Disclosures
The company highlighted two recent key disclosures:
- The declaration of its financial results for the quarter ended June 30, 2026, on August 14, 2026, which reported a profit after tax of ₹50.51 Crore.
- An upgrade in the company’s long-term credit rating by Crisil Ratings Limited. The rating was elevated from ‘Crisil BBB+/ Stable’ to ‘Crisil A / Stable’ for its total bank facilities.
Both of these financial results and the credit rating upgrade were disclosed to the stock exchanges within the prescribed timelines.
Confirmation of No Further Information
Furthermore, NMDC Steel Limited affirmed that, as of the date of the clarification, there is no other price-sensitive information or announcement that needs to be shared with the stock exchanges under the prevailing regulations. The company requested that this clarification be placed on record.
Source: BSE
