Steel Exchange India Limited has completed the scheduled redemption of its Listed, Rated, Secured Non-Convertible Debentures (NCDs) on January 7, 2026, and submitted the required details to BSE Limited and National Stock Exchange under Regulation 57(1) of SEBI (LODR) Regulations, 2015. The company, which operates an integrated steel plant in Sreerampuram, Vizianagaram District, provided comprehensive information about the redemption completion and regulatory compliance.

Redemption Completion Details

The scheduled redemption was executed as a partial redemption by face value reduction, with the company successfully completing the process on the designated date. The redemption involved reducing the face value of existing NCDs while maintaining the debenture structure.

Regulatory Compliance

The company submitted detailed information to both BSE Limited and National Stock Exchange of India Limited, ensuring full compliance with regulatory requirements. The submission was made under Regulation 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Operations

Steel Exchange India Limited continues to operate its integrated steel plant facility in Sreerampuram, L.Kota Mandal, Vizianagaram District. The company maintains its registered office in Hyderabad and corporate office in Visakhapatnam, ensuring proper operational oversight and regulatory compliance across its business operations.

Financial Impact

The successful completion of the scheduled redemption demonstrates the company's commitment to honoring its debt obligations while managing its capital structure effectively. With ₹195.01 crores still outstanding in secured NCDs, the company maintains a structured approach to debt management with the remaining debentures scheduled to mature on October 6, 2030.

Steel Exchange India Limited has fulfilled its debt servicing obligations by making timely interest payments to holders of its secured non-convertible debentures. The company completed the payment on January 7, 2026, adhering to the scheduled due date and maintaining its commitment to debenture holders.

Interest Payment Details

The company paid ₹2.03 crores as monthly interest to debenture holders, representing the full amount due on the scheduled date. The payment relates to secured non-convertible debentures with specific ISIN identification codes and follows the established monthly payment frequency.

Debenture Specifications

The interest payment covers debentures with a substantial issue size and specific identification parameters. The company maintains two ISIN codes for these securities, indicating a transition or restructuring of the debenture series.

Compliance and Regulatory Adherence

Steel Exchange India Limited submitted the interest payment details to both BSE Limited and National Stock Exchange of India Limited under Regulation 57(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported no delays, changes in payment frequency, or reasons for non-payment, indicating smooth debt servicing operations.

The timely completion of this interest payment demonstrates the company's commitment to meeting its financial obligations and maintaining transparency with regulatory authorities and investors. The monthly payment schedule provides regular income to debenture holders while ensuring consistent cash flow management for the company.