Vizag Profiles Private Limited has submitted regulatory disclosures to stock exchanges regarding share encumbrance transactions involving Steel Exchange India Limited shares. The disclosures were filed under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on December 16, 2025.

Share Encumbrance Transactions

The company reported two significant transactions involving Steel Exchange India shares during December 2025:

Promoter Holdings and Encumbrance Details

Vizag Profiles Private Limited maintains a substantial position in Steel Exchange India Limited with comprehensive shareholding details:

Debenture Structure and Trustee Arrangement

The encumbrance relates to debentures issued by Vizag Profiles Private Limited, with Catalyst Trusteeship Limited acting as the debenture trustee. The debt instrument specifications include:

Regulatory Compliance

The disclosure confirms that the encumbered shares represent less than 50% of promoter shareholding and less than 20% of total share capital. The transactions were conducted for collateral purposes related to loans taken by the company and group companies. Suresh Bavineni, Director of Vizag Profiles Private Limited (DIN: 00181832), signed the regulatory filings.

Corporate Structure

Vizag Profiles Private Limited operates with CIN number U27105TG1997PTC028395, maintaining its registered office in Hyderabad, Telangana, and corporate office in Visakhapatnam, Andhra Pradesh. Steel Exchange India Limited shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Catalyst Trusteeship Limited has formally disclosed the creation of a significant pledge arrangement involving equity shares of Steel Exchange India Ltd (SEIL) under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure, made on December 16, 2025, pertains to a pledge created on December 15, 2025, as part of debenture security arrangements.

Pledge Transaction Details

The pledge arrangement involves substantial equity holdings in Steel Exchange India Ltd, as detailed below:

Parties Involved

The transaction involves multiple entities with specific roles in the debenture arrangement:

• Pledgee: Catalyst Trusteeship Limited (acting as Debenture Trustee)
• Target Company: Steel Exchange India Ltd (SEIL)
• Pledgor/Issuer: Vizag Profiles Private Limited
• Additional Entity: Umashiv Garments Private Limited

Catalyst Trusteeship Limited is acting in its capacity as debenture trustee for the benefit of debenture holders of Vizag Profiles Private Limited under a Non-Convertible Debenture arrangement.

Regulatory Context

This disclosure represents the fulfillment of an earlier undertaking made by Catalyst Trusteeship Limited on December 9, 2025. The company had previously disclosed an undertaking to create a pledge in the future under the Debenture Trust Deed dated December 6, 2025. The current disclosure confirms the actual creation of the pledge as committed under the earlier arrangement.

Share Capital Structure

The disclosure provides comprehensive details about Steel Exchange India Ltd's share capital structure:

The transaction does not alter the total equity share capital of Steel Exchange India Ltd, as it involves only the creation of a pledge over existing shares rather than any transfer of ownership.

Compliance and Documentation

The disclosure has been filed with both the National Stock Exchange of India Limited and BSE Limited, where Steel Exchange India Ltd shares are listed. The documentation was signed by Deesha Srikkanth, Senior Vice President of Catalyst Trusteeship Limited, from Mumbai on December 16, 2025. This regulatory filing ensures transparency and compliance with SEBI's substantial acquisition disclosure requirements for market participants and investors.