Steel Exchange India Limited's promoter Vizag Profiles Private Limited has disclosed the creation of a share pledge under SEBI regulations, involving 5,00,00,000 shares representing 4.01% of the company's total share capital. The disclosure was made on March 13, 2026, following the pledge creation on March 11, 2026.

Share Pledge Details

The pledge arrangement involves Agarwal Coal Corporation Private Limited as the beneficiary entity, with the encumbrance created as collateral for supply of materials on credit basis to Steel Exchange India Limited and its group companies. This represents a business-to-business credit arrangement between the promoter and the coal supply company.

Promoter Shareholding Position

Vizag Profiles Private Limited maintains its total shareholding of 24,48,77,520 shares, representing 19.63% of Steel Exchange India's total share capital. However, the new pledge has increased the company's total encumbered shareholding significantly.

Regulatory Compliance Framework

The disclosure has been filed under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with both BSE Limited and National Stock Exchange of India Limited where Steel Exchange India's shares are listed. The filing was signed by Suresh Bavineni, Director of Vizag Profiles Private Limited (DIN: 00181832).

Encumbrance Analysis

The encumbered shares represent 7.89% of the total promoter shareholding in Steel Exchange India Limited. The disclosure confirms that the encumbered shares do not constitute 50% or more of promoter shareholding, nor do they represent 20% or more of the total share capital, indicating compliance with regulatory thresholds.

About the Beneficiary Entity

Agarwal Coal Corporation Private Limited is described as a private company engaged in the business of importing and supplying coal. The arrangement does not involve any scheduled commercial bank, public financial institution, NBFC, or housing finance company, making it a direct business credit arrangement between private entities for material supply purposes.

Steel Exchange India Limited has successfully completed its scheduled interest payment to holders of Secured Non-Convertible Debentures on March 07, 2026. The company made the payment on the exact due date, demonstrating adherence to its financial obligations and maintaining investor confidence.

Interest Payment Details

The company paid ₹1,80,78,368 as interest to debenture holders on March 07, 2026. The payment was made against debentures with ISIN IN503B07044, which represents a total issue size of ₹382800000. The interest payment record date was set as March 06, 2026, one day prior to the payment date.

Payment Schedule and Compliance

The debentures follow a monthly interest payment frequency, with no changes reported in the payment schedule. The previous interest payment was made on February 07, 2026, indicating consistent adherence to the monthly payment cycle. The company reported no delays or non-payment issues, with the actual payment date matching the scheduled due date.

Regulatory Compliance

Steel Exchange India Limited submitted this information to both BSE Limited and National Stock Exchange of India Limited under Regulation 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company trades under scrip code 534748/960441 and scrip ID STEELXIND on the exchanges.

The timely payment and proper regulatory disclosure demonstrate the company's commitment to maintaining transparency with investors and adhering to its debt servicing obligations. The consistent monthly payment pattern provides assurance to debenture holders regarding the reliability of their investment returns.