Steel Exchange India Limited completed the scheduled partial redemption and interest payment for its Secured Non-Convertible Debentures (NCDs) on October 7, 2026. The company disbursed ₹2.79 crore as principal redemption and ₹1.49 crore as interest to debenture holders on the due date.

The filing submitted to BSE and NSE under Regulation 57 of SEBI (LODR) Regulations, 2015 confirms that both payments were made on time. The redemption was executed via a reduction in face value rather than a quantity-based buyback. Following this transaction, the outstanding amount for the series stands at ₹145.47 crore.

Redemption details

The partial redemption involved reducing the face value of the debentures from ₹387,345 to ₹380,037 per unit. This method aligns with the terms specified in the agreement for scheduled partial redemptions. No call or put options were exercised in this instance.

Interest payment specifics

The company also cleared the monthly interest obligation for the period ending September 21, 2026. The interest amount paid was ₹1.49 crore, matching the due amount exactly. There were no delays or non-payments reported for this cycle.

What the Numbers Show

The simultaneous execution of principal and interest payments indicates disciplined debt servicing by the issuer. The outstanding debt balance of ₹145.47 crore represents approximately 38% of the original issue size of ₹382.80 crore, suggesting that the majority of the principal has already been amortized through prior scheduled redemptions.

Steel Exchange India recorded all-time high rebar production of 25,095.035 MT in September 2026 and 69,617.424 MT for Q3FY26, marking peak performance on both a monthly and quarterly basis.

Record production milestones

The company achieved two simultaneous production records, with September 2026 representing the highest single-month output of re-bars and Q3FY26 marking the highest quarterly output in the company's history. The following table summarises the milestone figures:

The quarterly figure of 69,617.424 MT encompasses the cumulative re-bar output across the three months of Q3FY26, with September 2026 contributing 25,095.035 MT as the peak monthly volume within that period.

Monthly production breakdown

The new data reveals that the September 2026 output of 25,095.035 MT surpassed the previous highest monthly production of 24,823.509 MT recorded in August 2026. The month-wise production details for the July–September 2026 quarter are as follows:

Facility-wise output for September

For the month of September 2026, the production was split between the Continuous Casting Machine (CCM) and the Reheating Furnace (RHF). The CCM contributed 17,677.655 MT, while the RHF contributed 7,417.380 MT, summing up to the total record monthly production.

RHF strengthens production capabilities

The successful commissioning and operationalisation of the Reheating Furnace marks an important milestone in strengthening the Company's Rolling Mill operations. The RHF contributed 7,465.288 MT and 7,417.380 MT of Re-Bar production during August and September 2026, respectively, aggregating to 14,882.668 MT over the two-month period.

Management stated that with the RHF now operational, the enhanced production capability is expected to be sustained going forward. This development supports higher Rolling Mill utilisation and aligns with the company's focus on capacity expansion for its SIMHADRI TMT brand.

Management outlook on operational efficiency

The Company's Managing Director stated that the operational Reheating Furnace will sustain enhanced production capacity. The focus remains on higher capacity utilisation, operational efficiency, and production volumes to meet growing product demand.

What the numbers show

The sequential growth from August (24,823.509 MT) to September (25,095.035 MT) indicates a marginal increase of approximately 1.1% MoM, sustaining the upward trajectory seen from July (19,698.880 MT). The significant jump from July to August suggests a ramp-up in capacity utilization early in the quarter, which was then maintained at higher levels in the subsequent months.

A key driver behind this sustained high output is the newly operationalised RHF. Its contribution of 7,417.380 MT in September represents nearly 30% of the total monthly production, highlighting its critical role in achieving these record volumes alongside the established CCM capacity.