Steel Exchange India shareholders approved the company’s audited financial statements for FY26 and key governance resolutions at its 27th Annual General Meeting. The meeting was held on August 22, 2026.

The event commenced at 11:45 am and concluded at 1:05 pm. It was conducted through video conferencing or other audio-video means provided by Central Depository Services (India) Limited. Voting was executed via remote e-voting and during the meeting session.

Governance and Financial Approvals

Shareholders passed six resolutions, comprising five ordinary resolutions and one special resolution. The primary financial item involved the adoption of the audited financial statements for the fiscal year ended March 31, 2026. This included the reports of the Board of Directors and the statutory auditors.

The company also secured approval for the ratification of remuneration payable to its Cost Auditors for the financial year ending March 31, 2027.

Director Appointments and Regularizations

The meeting addressed several director-related matters. Members approved the re-appointment of Mr. Mohit Sai Kumar Bandi as a director, who retires by rotation. Additionally, a special resolution approved his remuneration in his capacity as Whole-Time Director.

Another ordinary resolution regularized Mr. Anirudh Misra as a Non-Executive Non-Independent Director. The board also sought and received approval for the continuation of Ms. Bhagyam Ramani as a Non-Executive Independent Director beyond the age of 75 years until the completion of her first term.

Regulatory Compliance

The company notified the BSE Limited and National Stock Exchange of India Limited of these proceedings pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed voting results will be furnished to the exchanges under Regulation 44(3) within the stipulated timeframe.

Steel Exchange India Limited has paid the monthly interest on its Secured Non-Convertible Debentures (NCDs) without delay, reinforcing its commitment to timely debt servicing. The company confirmed the payment of ₹15,351,042 to debenture holders on August 7, 2026, matching the scheduled due date exactly. This regularity in interest payments is critical for maintaining investor confidence and creditworthiness, particularly for secured debt instruments where punctuality reflects underlying cash flow health.

The disclosure was made under Regulation 57(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The filing certifies that there were no delays or defaults in the payment process, with the reason for non-payment listed as 'NA'. This regulatory submission ensures transparency for investors holding the ISIN INE503B07044.

Interest Payment Details

The following table outlines the key parameters of the interest payment:

Compliance and Governance

Raveendra Babu M, Company Secretary & Compliance Officer of Steel Exchange India Limited, signed the certification on August 7, 2026. The document confirms that the frequency of payment remains monthly with no changes implemented. The absence of any delay highlights the company's adherence to its debt covenants and financial planning discipline. For investors, this consistent track record reduces the risk associated with fixed-income instruments issued by the company.