Steel Exchange India Achieves Investment-Grade Rating, Board Approves ₹700 Cr Fund Raise

Steel Exchange India has achieved a significant milestone by securing investment-grade credit rating status from Infomerics Valuation and Rating Limited, while its board of directors approved a comprehensive fundraising proposal to raise up to ₹700.00 crores. The dual announcement represents a strategic breakthrough that strengthens the company's financial position and supports future growth initiatives in the competitive steel manufacturing sector.

Credit Rating Upgrade Achievement

Infomerics Valuation and Rating Limited has assigned and upgraded loan facilities aggregating ₹398.56 crores, marking the company's entry into investment-grade status. The rating agency upgraded the company's facilities to IVR BBB-/Stable outlook, reflecting improved operational performance and enhanced financial discipline.

Facility Type:	Amount (₹ Cr)	Current Rating	Previous Rating	Action
Non-Convertible Debentures:	198.56	IVR BBB-/Stable	CARE BB+/Stable	Upgraded
Long Term Bank Facilities:	150.00	IVR BBB-/Stable	-	Assigned
Cash Credit Facilities:	10.00	IVR BBB-/Stable	IVR BB+/Stable	Upgraded
Letter of Credit:	40.00	IVR A3	IVR A4 Plus	Upgraded

Fundraising Structure and Implementation

The board approved fundraising framework provides extensive flexibility in instrument selection and issuance methodology. The company can execute the capital raising through various modes including preferential issue, private placement, qualified institutions placement, public issue, or any other permissible method under applicable laws.

Parameter:	Details
Maximum Amount:	₹700.00 crores
Instrument Types:	Equity shares, equity-linked instruments, debt instruments
Specific Options:	Convertible equity warrants, convertible securities, non-convertible debentures
Issuance Structure:	One or more tranches
Security Types:	Secured or unsecured options available

Strategic Growth Initiatives

The proposed fund raise will support the company's growth and expansion plans, including entry into specialty and value-added steel products under the Production Linked Incentive (PLI) Scheme, aligning with the Government of India's Atmanirbhar Bharat initiative. The investment-grade rating achievement will enable access to capital at competitive rates and provide enhanced financial flexibility for future operations.

Strategic Focus:	Implementation
Product Expansion:	Specialty and value-added steel products
Government Alignment:	PLI Scheme participation
Cost Optimization:	Lower borrowing costs through improved rating
Financial Flexibility:	Enhanced working capital management

Management Outlook and Regulatory Framework

The board has established a Fund-Raising Committee with comprehensive delegated authority to oversee fundraising execution, ensuring efficient decision-making once all necessary approvals are obtained. The fundraising initiative will be executed in strict accordance with the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws, remaining contingent upon securing requisite approvals from shareholders, regulatory authorities, and statutory bodies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.62%	-7.77%	+2.15%	-23.94%	-20.26%	+56.70%

Steel Exchange India Limited has announced a board meeting scheduled for Tuesday, December 30, 2025, to consider significant fund raising proposals. The meeting has been convened in accordance with Regulation 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Proposals Under Consideration

The board meeting will focus on comprehensive fund raising strategies through multiple financial instruments. The company will evaluate various options to strengthen its capital structure and support future growth initiatives.

Financing Options	Details
Equity Shares	Direct equity issuance
Convertible Bonds	Debt instruments convertible to equity
Debentures	All types of debt securities
Warrants	Rights to purchase shares at predetermined prices
Other Securities	Additional equity-linked instruments
Approval Process	Subject to regulatory and legal requirements

Regulatory Compliance and Trading Window Closure

In compliance with SEBI regulations, Steel Exchange India Limited has implemented a trading window closure effective December 22, 2025. This measure aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended by the 2018 regulations, and the company's internal Code of Conduct.

The trading restrictions apply to specific categories of individuals with access to material information:

Employees and Directors
Key Managerial Personnel
Designated Persons
Immediate relatives of the above categories

Timeline and Financial Results

The trading window will remain closed until 48 hours after the declaration of the company's Standalone Un-Audited Financial Results for the Third Quarter ended December 31, 2025. This timeline ensures compliance with insider trading prevention measures while maintaining market transparency.

Corporate Information

Steel Exchange India Limited operates with its registered office in Hyderabad and corporate office in Visakhapatnam. The company maintains an integrated steel plant at Sreerampuram, L.Kota Mandal, Vizianagaram District.

The board meeting represents a strategic initiative to explore various funding mechanisms that could support the company's operational expansion and capital requirements. The comprehensive approach to fund raising through multiple financial instruments demonstrates the company's commitment to optimizing its capital structure while adhering to regulatory frameworks.