Steel Exchange India confirms no encumbrance on promoter shares in FY26
Steel Exchange India Ltd disclosed that its promoters and persons acting in concert did not create any new encumbrances on their shares during FY26, other than those previously disclosed. The declaration was filed by Promoter Satish Kumar Bandi on April 8, 2026, under SEBI Regulation 31(4).
*this image is generated using AI for illustrative purposes only.
steel exchange india has confirmed that its promoters and persons acting in concert have not created any encumbrance on their shareholdings during the financial year ended March 31, 2026, other than those previously disclosed. The declaration, submitted by Promoter Satish Kumar Bandi, was made to the stock exchanges on April 8, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The disclosure covers 14 entities and individuals associated with the company. The list includes four individuals classified as Promoters and ten entities or individuals classified as Promoter Group. The declaration confirms that no direct or indirect encumbrances were created by these parties during FY26 beyond what had already been reported to the exchanges.
The following table details the individuals and entities on whose behalf the declaration was submitted:
| Name of Person | Category |
|---|---|
| Suresh Kumar Bandi | Promoter |
| Ramesh Kumar Bandi | Promoter |
| Bavineni Suresh | Promoter |
| Veeramachaneni Venkata Krishna Rao | Promoter |
| Bavineni Jyothi Kiran | Promoter Group |
| V Rajya Lakshmi | Promoter Group |
| Veeramachaneni Srijan Babu | Promoter Group |
| Bandi Jaya Padmavathi | Promoter Group |
| Bavineni Lavanya | Promoter Group |
| Rajesh Bavineni | Promoter Group |
| Bandi Sudha | Promoter Group |
| Late. Bandi Suguna | Promoter Group |
| Bandi Arunakanthi | Promoter Group |
| M/s Vizag Profiles Private Limited | Promoter Group |
| M/s Umashiv Garments Private Limited | Promoter Group |
Satish Kumar Bandi verified the accuracy of the disclosure in the filing submitted to BSE Limited and National Stock Exchange of India Limited. The declaration confirms that all information provided regarding the status of share encumbrances is true and correct as of the financial year ended March 31, 2026.
Historical Stock Returns for Steel Exchange India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.45% | +5.10% | +21.22% | +56.15% | +52.36% | +116.72% |
How will the clear encumbrance status impact Steel Exchange India's ability to raise future capital or secure loans?
What are the strategic growth plans for Steel Exchange India following this clean financial disclosure?
Could this declaration signal potential mergers, acquisitions, or stake sales in the near future?
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