MSP Steel & Power Ltd has informed the stock exchanges about the opening of a special window for the re-lodgement of transfer and dematerialization requests concerning physical securities. The disclosure was submitted to the National Stock Exchange of India Limited (NSE) and BSE Limited on May 6, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company referenced SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, regarding this initiative. To ensure wide dissemination of the information, MSP Steel & Power Ltd published newspaper advertisements in both English and Bengali dailies on May 6, 2026.

Publication Details

The advertisements were published in the following newspapers:

Company and Exchange Information

The disclosure was addressed to the NSE, where the company is listed under the symbol MSPL, and to the BSE with the Scrip Code No. 532650. The registered office of MSP Steel & Power Ltd is located at South City Business Park, 10th Floor, 770, Anandapur, EM Bypass, Kolkata-700107 (WB).

Shareholders and members can access this information on the company’s official website at www.mspsteel.com . The communication was signed by Shreya Kar, Company Secretary & Compliance Officer, for MSP Steel & Power Ltd.

MSP Steel & Power Limited has received a credit rating upgrade from Care Edge Ratings, marking a significant improvement in the company's creditworthiness assessment. The upgrade, communicated on March 19, 2026, reflects the steel manufacturer's enhanced financial position and operational performance.

Rating Upgrade Details

Care Edge Ratings has upgraded both long-term and short-term bank facilities for MSP Steel & Power. The rating agency's decision was based on the company's operational and financial performance for FY25 (Audited) and 9MFY26 (Unaudited).

Financial Implications

The upgrade in credit ratings demonstrates MSP Steel & Power's strengthened financial profile. The long-term facilities rating improvement from CARE BBB to CARE BBB+ indicates enhanced creditworthiness and lower perceived risk for lenders. Similarly, the short-term facilities upgrade from CARE A3+ to CARE A2 reflects improved liquidity position and short-term payment capabilities.

Facility Breakdown

The rated facilities comprise various banking arrangements across multiple financial institutions. The long-term facilities include term loans totaling ₹0.09 crore across nine banks and fund-based limits of ₹246.78 crore primarily structured as cash credit facilities with major banks including State Bank of India, Union Bank of India, and ICICI Bank.

The short-term facilities of ₹117.00 crore include bank guarantees worth ₹7.00 crore and letters of credit totaling ₹110.00 crore with tenors up to 12 months.

Company's Response

MSP Steel & Power has attributed the rating upgrade to its improved financial strength, consistent operational performance, and positive outlook for future growth. The company communicated this development to both the National Stock Exchange of India Limited and BSE Limited as part of its regulatory disclosure obligations under SEBI Listing Regulations.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Shreya Kar signed the regulatory filing, ensuring proper disclosure to stakeholders and market participants.

Source: None/Company/INE752G01015/58dd2e4d-7db5-48df-b258-08bb02afe9ae.pdf