Steel Exchange India Order Update
Steel Exchange India received APCRDA vendor approval for its Simhadri TMT bars in Amaravati projects. This enhances visibility for future infrastructure orders without a specific contract value.
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Steel Exchange India received APCRDA vendor approval for its Simhadri TMT bars in Amaravati projects. This enhances visibility for future infrastructure orders without a specific contract value.
Steel Exchange India Limited successfully paid Rs. 1.53 Crore interest on its secured non-convertible debentures. This timely payment demonstrates the company's commitment to debt obligations.
Steel Exchange India reported Q4 FY26 total income of INR 287.70 Cr and EBITDA of INR 50.10 Cr. Strategy focuses on green steel, capacity doubling, and debt reduction.
Steel Exchange India Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms full regulatory compliance with no deviations.
SEIL delivered strong QoQ growth in Q4 FY26, driven by operational efficiencies and capacity ramp-ups. Management remains optimistic due to infrastructure demand and strategic investment from IMR Group.
Steel Exchange India reported ₹26.99 Crore net profit for FY26. Q4 performance saw net profit surge 443% QoQ, driven by operational efficiencies and debt reduction.
Steel Exchange India appointed Mr. Vankina Sri Rakesh as CFO and Mr. Anirudh Misra as Additional Director. These appointments strengthen the company's senior leadership and financial governance.
Steel Exchange India Ltd reported revenue from operations of ₹287.3 Cr (-1.4% YoY) and net profit of ₹12.4 Cr (+158.3% YoY) for Q4 FY26.
Steel Exchange India approved audited FY26 results and appointed Mr. Vankina Sri Rakesh as CFO. The board meeting concluded at 2:48 p.m. following standard review.
Steel Exchange India Limited scheduled a board meeting for May 25, 2026. Directors will consider and approve audited financial results for the 2026 fiscal year.
Steel Exchange India Limited paid ₹1.71 Crore interest on its Secured Non-Convertible Debentures. This confirms timely debt servicing and compliance with listing regulations.
Steel Exchange India Limited has secured a five-year renewal of approval from the Military Engineer Services (MES) under the Ministry of Defence. This renewal allows the company to supply SIMHADRI TMT bars for high-security government infrastructure projects, reinforcing its position in the institutional segment with stringent quality compliance.
Steel Exchange India Limited received a 5-year renewal of approval from the Military Engineer Services (MES), Ministry of Defence. This permits the continued manufacturing and supply of SIMHADRI TMT bars (grades Fe 500D and Fe 500D HCRM) from its Vizianagaram plant. The renewal sustains the company's participation in government and infrastructure projects.
Steel Exchange India Limited announced a ₹40.32 Crore capital infusion. This includes a ₹10.40 Crore allotment of 4.40 crore fresh convertible warrants and ₹29.92 Crore from the conversion of 2.82 crore existing warrants into equity. The funds will strengthen the company's capital base, support operational expansion, and improve financial flexibility.
Steel Exchange India Limited has allotted 2,82,97,870 equity shares following the conversion of warrants. This increases the company's paid-up share capital from 1,24,72,20,542 to 1,27,55,18,412 shares.
Steel Exchange India Limited has allotted 4.40 crore convertible equity warrants at an issue price of ₹9.45 each, totaling ₹41.58 Crore. The warrants were issued to five promoter and non-promoter entities on a preferential basis. The company received 25% of the subscription amount (₹10.40 Crore) upfront, with warrants convertible into equity within 18 months.
Steel Exchange India Limited has allotted 4.40 Crore convertible equity warrants at an issue price of Rs. 9.45 per warrant, totalling ₹41.58 Crore. The allotment includes promoter and non-promoter groups. Warrants are convertible into equity shares within 18 months upon payment of the remaining 75% consideration.
Steel Exchange India Limited allotted 2,82,97,870 equity shares to Ms. Gunakala Vijayalakshmi following the conversion of warrants. The warrant holder paid a balance consideration of ₹29.92 Crore. Consequently, the company's paid-up share capital increased to ₹127.55 Crore.
Steel Exchange India Limited redeemed ₹43.19 Crore of Non-Convertible Debentures (NCDs) in a single tranche. This represents approximately 13% of its total outstanding debt. Total recent debt reduction now stands at ₹71.19 Crore, including ₹28 Crore repaid over the last two quarters, marking progress towards becoming debt-free.
Steel Exchange India Limited completed a partial voluntary prepayment and scheduled partial redemption of Non-Convertible Debentures totaling ₹43.19 Crore on April 22, 2026. The payments reduced the face value of the NCDs (ISIN: INE503B07044), leaving an outstanding amount of approximately ₹148.28 Crore.
Steel Exchange India Limited successfully executed a partial voluntary prepayment and scheduled partial redemption of NCDs totaling ₹43.19 Crore on April 22, 2026. This action, involving ISIN INE503B07044, reduces the company's outstanding debt and face value of the debentures as part of its financial management strategy.
Steel Exchange India Limited received a ₹75 Crore upfront infusion from IMR Group entities through the allotment of convertible warrants. This forms part of a larger ₹350 Crore preferential fundraise approved in March 2026. The capital will support debt reduction, operational efficiency, and supply chain strengthening over an 18-month conversion tenure.
Steel Exchange India Limited has allotted 31,74,60,300 convertible warrants to non-promoter entities at an issue price of Rs. 9.45 per warrant, totaling ₹299.99 Crore. The company received 25% upfront (₹74.99 Crore), with the balance payable within 18 months upon conversion into equity shares.
Steel Exchange India Limited issued an announcement regarding its EGM scheduled for March 30, 2026. The company clarified a clerical error in a valuation report concerning the issuance of convertible equity warrants to promoter and non-promoter entities. The correction removes a previously stated 10% discount for being unlisted from the valuation per share.
Steel Exchange India Limited issued an amendment to its EGM notice regarding the issuance of convertible equity warrants to promoter and non-promoter entities. The correction removes 'Mutual Funds' from the list of permitted investment avenues for unutilized issue proceeds. The amendment follows a query from the National Stock Exchange.
Steel Exchange India Limited repaid ₹28.52 Crore of debt between October 2025 and March 2026. The repayment includes ₹21.43 Crore towards term loans and ₹7.09 Crore for NCD redemptions. This deleveraging effort aims to reduce finance costs and strengthen the company's balance sheet.
Steel Exchange India Limited has successfully repaid approximately ₹28.52 Crore in debt over the last two quarters. This includes ₹21.43 Crore in term loans and ₹7.09 Crore in NCDs. The deleveraging effort reflects the company's commitment to financial discipline and improving its balance sheet resilience.
Steel Exchange India Ltd processed a ₹5.63 Crore payment toward the scheduled partial redemption and monthly interest for its secured NCDs (ISIN: INE503B07044) on April 7, 2026. The redemption reduced the face value of the debentures, leaving an outstanding amount of ₹191.47 Crore.