MSP Steel & Power has officially completed its exit from the Corporate Debt Restructuring (CDR) framework following formal approval from consortium member banks. The company announced through a regulatory filing that it has successfully discharged all restructuring obligations and received unanimous acknowledgment from lenders for its exit from the restructuring scheme.

Consortium Approval and Formal Exit

The consortium member banks held a meeting on February 19, 2026, where they unanimously agreed and acknowledged the formal exit of MSP Steel & Power from Corporate Debt Restructuring and the Scheme for Sustainable Structuring of Stressed Assets (S4A) restructuring. The company received the minutes of this consortium meeting on February 25, 2026, confirming the completion of its exit process.

Right of Recompense Settlement

MSP Steel & Power has successfully completed full and final settlements of the approved Right of Recompense (RoR) amount to all consortium lenders in accordance with the restructuring terms. The consortium noted that the company's obligations towards the RoR stand fully discharged and all restructuring conditions have been fulfilled. This follows the company's earlier intimation dated September 15, 2025, regarding the board's in-principle approval for RoR payment.

Financial Milestone and Strategic Positioning

The successful exit from the CDR framework represents a significant milestone in the company's turnaround journey. With this development, MSP Steel & Power is positioned with greater financial flexibility and a stronger credit profile, enabling it to focus on stable and sustainable growth. The completion removes operational constraints typically associated with restructuring proceedings.

The formal exit from corporate debt restructuring marks the conclusion of MSP Steel & Power's financial rehabilitation process, positioning the company for improved operational capabilities and future growth opportunities in the steel and power sectors.

MSP Steel & Power Limited has announced significant equity share acquisitions by three promoter group entities through open market purchases in February 2026. The company disclosed these transactions in compliance with SEBI Insider Trading Regulations, highlighting substantial investments by key stakeholders.

Share Acquisition Details

The promoter group entities completed strategic purchases totaling 17,37,500 equity shares with a combined value of ₹5.59 crore. These transactions were executed on February 20 and 23, 2026, demonstrating systematic accumulation by the promoter group.

Shareholding Changes

All three entities witnessed meaningful increases in their equity stakes following these acquisitions. The transactions reflect the promoter group's continued commitment to increasing their ownership in the company.

Sampat Marketing Company Pvt Ltd

Jaik Leasing and Commercial Investment Limited

Ilex Private Limited

Regulatory Compliance

The company submitted the required disclosures under Regulation 7(2) read with Regulation 6(2) of SEBI Insider Trading Regulations, 2015. Company Secretary and Compliance Officer Shreya Kar filed the necessary Form C documents with both NSE and BSE on February 26, 2026. The disclosures were made within the prescribed timeframes, with intimation to the company received on February 24, 2026.

Market Execution

All transactions were conducted through open market purchases on NSE at prevailing market prices. The acquisitions demonstrate active participation by promoter group entities in the secondary market, with Ilex Private Limited making the largest single purchase of 9,00,000 shares valued at ₹2.88 crore.