Steel Exchange India Limited has announced the resignation of its Chief Financial Officer, Mr. Brahmaiah Telaprolu, effective from the close of business hours on February 11, 2026. The company has formally communicated this development to the stock exchanges in compliance with regulatory requirements.

Resignation Details

Mr. Brahmaiah Telaprolu has tendered his resignation from the position of Chief Financial Officer due to medical reasons. The company has explicitly stated that there are no other reasons for his resignation. The resignation becomes effective from the close of business hours on February 11, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing the BSE Limited and National Stock Exchange of India Limited under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification includes all required details as per SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The formal communication was signed by Raveendra Babu M, Company Secretary & Compliance Officer, and submitted to both exchanges along with the resignation letter and required annexures.

Management Response

The management has accepted Mr. Telaprolu's resignation and has placed on record its sincere appreciation for the valuable contributions made by him during his tenure with the company. The resignation letter, submitted directly to the Board of Directors, expressed gratitude for the cooperation and support extended during his service period.

Company Information

Steel Exchange India Limited operates with its registered office in Hyderabad, Telangana, and corporate office in Visakhapatnam, Andhra Pradesh. The company maintains an integrated steel plant at Sreerampuram, L.Kota Mandal, Vizianagaram District. The company is listed on both BSE (Scrip Code: 534748/960441) and NSE (Scrip Code: STEELXIND) exchanges.

Steel exchange india Limited has announced the successful completion of interest payment to holders of its Secured Non-Convertible Debentures on February 07, 2026. The company submitted the compliance report under Regulation 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Interest Payment Details

The company paid the scheduled interest amount on the exact due date without any delays. The debentures carry ISIN INE503B07044 and represent a significant portion of the company's debt financing structure.

Payment Schedule and Compliance

The interest payment follows the established monthly frequency schedule with no changes reported in the payment structure. The company maintained its commitment to timely payments, with the actual payment date matching the scheduled due date of February 07, 2026.

The record date for determining eligible debenture holders was set as February 03, 2026, providing adequate notice to investors. The company reported no delays or issues in the payment process, indicating smooth operational execution of its debt servicing obligations.

Regulatory Compliance

Steel Exchange India Limited submitted the mandatory compliance report to both BSE Limited and National Stock Exchange of India Limited. The report was signed by Company Secretary and Compliance Officer Raveendra Babu M, ensuring proper corporate governance procedures were followed.

The company operates its integrated steel plant at Sreerampuram, L.Kota Mandal, Vizianagaram District, maintaining its focus on steel manufacturing operations while meeting its financial obligations to debenture holders.