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.

Steel Exchange India Limited has successfully concluded its board meeting held on March 4, 2026, with the approval of a significant fund raising initiative through convertible warrants. The board has approved the issuance of up to 36,14,60,300 convertible warrants at ₹9.45 each, targeting a total fund raising of ₹350 crores on a preferential basis, with IMR Group emerging as the largest investor with a planned investment of ₹300 crores.

IMR Group's Strategic Investment Partnership

IMR Group, a Switzerland-headquartered leading metals and mining conglomerate with operations in over 17 countries, announced its strategic investment of ₹300 crores in Steel Exchange India Limited through subscription to share warrants. The investment will be made through IMR's Indian entities — India Coke and Power Private Limited and IMR Steel Private Limited. This capital infusion will strengthen SEIL's operations, optimize its debt structure, and position the company for accelerated growth.

Board Meeting Outcomes and Fund Raising Details

The board meeting, conducted from 10:30 A.M. to 11:45 A.M. in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has finalized multiple strategic decisions. The approved convertible warrants carry a face value of Re.1 each with a premium of ₹8.45 per warrant, determined according to Chapter V of SEBI ICDR Regulations.

Investor Allocation and Structure

The preferential allotment will be distributed among seven investors, comprising both promoter group and non-promoter entities. The allocation demonstrates a strategic approach to capital mobilization with significant participation from established industrial entities.

Strategic Value Creation and Operational Synergies

IMR Group operates a fully integrated metals platform spanning global mineral trading, mining, and downstream steel production. Through this investment, IMR will leverage its global sourcing capabilities for critical raw materials — including metallurgical coke, coking coal, non-coking coal, and ferrous scrap — to enhance SEIL's operational efficiency, supply chain security, and competitiveness. The partnership positions SEIL to capitalize on India's rapidly expanding steel demand.

Additional Board Decisions and Regulatory Framework

Beyond the convertible warrants approval, the board has also approved the Notice of 1st Extraordinary General Meeting for FY 2025-26 and related matters. Additionally, the board has sanctioned modifications to the terms and conditions of listed Non-Convertible Debentures (NCDs) issued by the company, specifically relating to security structure modifications. The convertible warrants and resulting equity shares will be subject to lock-in provisions as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, with each warrant carrying the right to subscribe to one equity share, exercisable in tranches during the 18-month period from allotment date.