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Steel Exchange India has repaid Rs 15 crore towards its term loan facilities, representing approximately 5.5% of its outstanding debt. This follows the company`s earlier redemption of Rs43.19 crore towards non-convertible debentures (NCDs) and repayment of Rs 28 crore over the preceding quarters. With the latest repayment, the company`s total debt reduction now stands at approximately Rs 86 crore in the recent period, highlighting continued progress in deleveraging supported by strong operational cash flows and equity inflow. Since October 2025, the company has repaid around 25% of its long term debt.

Steel Exchange India has received formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for the use of its flagship SIMHADRI TMT products in ongoing and upcoming construction works under the Amaravati Capital City development program. The approval covers Fe550, Fe500D, Fe550D and Fe550D CRS grades, enabling the Company`s products to be supplied for key infrastructure projects being undertaken by APCRDA. The approval has also been circulated to leading EPC and construction companies associated with Amaravati`s development, strengthening SEIL`s visibility across the project`s execution ecosystem. This milestone reinforces the growing acceptance of SIMHADRI TMT in quality-conscious infrastructure applications. With the government launching the massive Rs 65,000 crore Amaravati Capital City project, this approval positions Steel Exchange India as a key primary-source vendor.

Net profit of Steel Exchange India rose 159.87% to Rs 12.37 crore in the quarter ended March 2026 as against Rs 4.76 crore during the previous quarter ended March 2025. Sales declined 1.40% to Rs 287.33 crore in the quarter ended March 2026 as against Rs 291.42 crore during the previous quarter ended March 2025.For the full year,net profit rose 4.09% to Rs 26.99 crore in the year ended March 2026 as against Rs 25.93 crore during the previous year ended March 2025. Sales declined 7.39% to Rs 1059.44 crore in the year ended March 2026 as against Rs 1144.02 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales287.33291.42 -1 1059.441144.02 -7 OPM %17.3111.25 -12.3710.86 - PBDT32.5130.12 8 68.5669.06 -1 PBT25.6224.32 5 40.2445.49 -12 NP12.374.76 160 26.9925.93 4 Powered by Capital Market - Live News

Steel Exchange India will hold a meeting of the Board of Directors of the Company on 25 May 2026.

Steel Exchange India has received, on 05 May 2026, renewal of approval from the Military Engineer Services (MES), under the Ministry of Defence, for the supply of its TMT bars. This approval pertains to the manufacturing of TMT bars under the brand SIMHADRI TMT, of grades Fe 500D and Fe 500D HCRM, in the size range of 8 mm to 32 mm, produced at the Company`s integrated steel plant located at Sriram Puram, Vizianagaram, Andhra Pradesh, using TEMPCORE technology.