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Steel Exchange India has redeemed Rs 43.19 crore towards Non-Convertible Debentures (NCDs) in a single tranche, representing approximately 13% of its total outstanding debt. This follows the Company`s repayment of Rs 28 crore over the last two quarters. With this, total debt reduction stands at Rs 71.19 crore in the recent period, highlighting continued progress in deleveraging supported by strong operational cash flows.

Steel Exchange India has received an aggregate amount of Rs 75 crore from India Coke and Power and IMR Steel (IMR Group-a leading international metals and mining conglomerate) towards subscription of convertible warrants under its preferential issue. This receipt forms part of the Company`s proposed fund raise of up to Rs 350 rore through issuance of convertible warrants on a preferential basis, as approved by the Board of Directors on 04 March 2026.

Steel Exchange India has announced a significant update on its debt reduction journey. The Company had availed credit facilities, including term loans and Non-Convertible Debentures (NCDs), in September 2025 to support its operational and growth initiatives. Reinforcing its commitment to financial discipline and balance sheet strengthening, Steel Exchange India Limited has successfully repaid approximately Rs 28 crore over the last two quarters. During the period October 2025 to March 2026, a scheduled Partial Redemption was carried out, with Rs 21.43 crores repaid towards term loans and Rs 7.09 crores towards NCDs. This consistent progress highlights the Company`s improving cash flow generation, prudent capital allocation, and focus on enhancing financial resilience. The ongoing deleveraging efforts are expected to support reduced finance costs and provide greater flexibility to pursue growth opportunities in a capital efficient manner.

Steel Exchange India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 March 2026.Powered by Capital Market - Live News

IMR Group announced a strategic investment of Rs 300 crore in Steel Exchange India (SEIL) through subscription to share warrants. The investment will be made through IMR`s Indian entities � India Coke and Power (ICPPL) and IMR Steel (ISPL). This capital infusion will strengthen SEIL`s operations, optimize its debt structure, and position the company for accelerated growth � marking a significant milestone in IMR`s forward integration strategy and its expansion across India`s high-growth steel sector. IMR Group, headquartered in Switzerland with operations in over 17 countries, operates a fully integrated metals platform spanning global mineral trading, mining, and downstream steel production. Through this investment, IMR will leverage its global sourcing capabilities for critical raw materials � including metallurgical coke, coking coal, non-coking coal, and ferrous scrap � to enhance SEIL`s operational efficiency, supply chain security, and competitiveness. The partnership positions SEIL to capitalize on India`s rapidly expanding steel demand, while reinforcing IMR`s long-term commitment to the Indian steel ecosystem.Powered by Capital Market - Live News