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.

Catalyst Trusteeship Limited has announced the release of pledged equity shares of Steel Exchange India Ltd, marking a significant corporate development for the steel sector company. The release was executed in the capacity of Debenture Trustee on behalf of debenture holders, as disclosed under SEBI regulations.

Share Release Details

The transaction involved the release of a substantial equity stake that was previously encumbered. The key parameters of this share release demonstrate the scale and impact of this corporate action.

Capital Structure Impact

The release has resulted in a complete elimination of encumbered shares for Steel Exchange India Ltd. Prior to this transaction, the company had significant pledged shareholding that has now been fully released.

Before and After Comparison

Company Capital Structure

Steel Exchange India Ltd maintains a stable capital structure following this transaction. The company's fundamental capital metrics remain unchanged, with only the encumbrance status being modified.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Catalyst Trusteeship Limited, with registered office in Pune, executed this transaction as part of its fiduciary responsibilities toward debenture holders. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, ensuring transparency and regulatory compliance in this corporate action.