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.

Steel Exchange India Limited has announced the resignation of its Nominee Director Mr. Nagoji Ram Mohan, effective January 02, 2026. The resignation follows the withdrawal of nomination by the company's lender, Vishwa Samudra Holdings Private Limited, marking a significant change in the company's board composition.

Resignation Details and Timeline

Mr. Nagoji Ram Mohan (DIN: 02895361) submitted his resignation from the position of Nominee Director with effect from the closing business hours on January 02, 2026. The resignation was formally communicated to the Board of Directors on the same date, with the director citing the withdrawal of nomination by Vishwa Samudra Holdings Private Limited as the primary reason.

Regulatory Compliance and Disclosures

Steel Exchange India Limited has fulfilled its regulatory obligations by informing both BSE Limited and National Stock Exchange of India Limited about the directorial change. The company filed the intimation under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure includes comprehensive details as required under SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, specifically concerning the resignation of a Nominee Director. Company Secretary and Compliance Officer Raveendra Babu M (M.No: A34409) signed the regulatory filings on January 03, 2026.

Formal Documentation Process

The company has received the formal resignation letter from Mr. Nagoji Ram Mohan, dated January 02, 2026, submitted from Hyderabad. In his resignation letter, the director requested the Board to arrange filing of necessary forms with the Registrar of Companies and Stock Exchanges to formalize the resignation process.

Company's Response and Next Steps

The company has officially acknowledged the resignation and expressed appreciation for Mr. Nagoji Ram Mohan's valuable contributions during his tenure as Nominee Director. Steel Exchange India Limited confirmed that it will arrange to file the necessary forms with the Registrar of Companies and complete all required regulatory procedures to formalize the resignation.

The board composition change reflects the dynamic relationship between the company and its financial stakeholders, particularly regarding nominee director appointments by lending institutions. The company maintains its commitment to proper corporate governance and regulatory compliance throughout this transition period.