Steel Exchange India has secured vendor approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) to supply its SIMHADRI TMT bars for construction projects in Amaravati. The approval, granted on June 12, 2026, authorizes the use of primary source TMT bars manufactured by the company for ongoing and upcoming capital city construction works. This development is expected to enhance the company's visibility and participation in infrastructure projects within the Amaravati Capital Region, which involves a massive investment of ₹65,000 crore.

The regulatory filing submitted to the exchanges confirms that the approval covers multiple steel grades. The specific grades authorized for use include Fe550, Fe500D, Fe550D, and Fe550D CRS, which stands for Corrosion Resistant Steel. These products will be utilized in various projects undertaken by APCRDA. The management of Steel Exchange India Limited stated that receiving APCRDA approval is a significant recognition of product quality and manufacturing capabilities, reinforcing the company's strategy of expanding participation in large-scale infrastructure projects.

Details of the Approval

The following table outlines the key particulars of the regulatory approval received by Steel Exchange India:

The approval was communicated by R. Gopala Krishna Reddy, Group Director (US & I) and Engineer-In-Chief of APCRDA. Copies of the approval letter have been circulated to major infrastructure firms including L&T Ltd, NCC Ltd, MEIL, and Shapoorji Pallonji & Co Ltd for information and compliance.

Financial Performance

For FY26, the company has reported Total Income of ₹1,066.42 Cr, EBITDA of ₹138.03 Cr and Net Profit of ₹26.99 Cr.

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:

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.