Steel Exchange India Limited has announced that it successfully repaid approximately ₹28 crores in debt over the last two quarters, demonstrating strong financial discipline and reinforcing its commitment to balance sheet strengthening and financial resilience.

Debt Repayment Breakdown

The company executed a scheduled partial redemption during the period, systematically reducing its debt burden across multiple financial instruments.

These credit facilities, including term loans and NCDs, were originally availed to support the company's operational requirements and growth initiatives.

Financial Strategy and Impact

The consistent debt reduction progress highlights several key aspects of Steel Exchange India's financial management approach:

• Improved cash flow generation capabilities
• Prudent capital allocation strategies
• Enhanced financial resilience through deleveraging
• Reduced finance costs supporting profitability
• Greater operational flexibility for future growth opportunities

Management emphasized their focused approach towards debt reduction, stating that it reflects the strength of their operations and commitment to building a robust and sustainable financial profile.

Company Performance Overview

Steel Exchange India Limited operates as part of the Vizag Profiles Group and serves as a leading manufacturer of TMT rebars under the 'SIMHADRI TMT' brand. The company has established itself as one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana.

Operations and Market Position

The company operates an integrated steel plant and power unit in Vizianagaram District, near Visakhapatnam. These facilities encompass comprehensive production capabilities including sponge iron, billet, rolling mill, and power generation capacities, enabling complete backward and forward integration for long steel production.

Steel Exchange India has established a strong brand presence with a proven supply track record to the Armed Forces and critical infrastructure projects. The company is also diversifying into specialty steels under the PLI scheme to support import substitution and expand value-added offerings.

Steel Exchange India Limited has completed scheduled partial redemption and interest payments to holders of secured non-convertible debentures on April 7, 2026, as per regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scheduled Partial Redemption Details

The company executed a scheduled partial redemption of its secured non-convertible debentures with specific parameters outlined in the regulatory filing.

The redemption was conducted as per the Amended & Restated Debenture Trust Deed, representing a face value-based partial redemption rather than quantity-based redemption.

Interest Payment Execution

Simultaneously, Steel Exchange India Limited processed monthly interest payments to debenture holders as scheduled.

Regulatory Compliance

The company submitted the payment details to both BSE Limited and National Stock Exchange of India Limited under Regulation 57(1) of SEBI regulations. The debentures trade under scrip codes 534748/960441 with scrip ID STEELXIND on the exchanges.

Both the redemption and interest payments were completed on the scheduled due date without any delays, ensuring compliance with the debenture terms and regulatory requirements. The company maintains its commitment to timely servicing of its debt obligations to debenture holders.