Steel Exchange India has received comprehensive credit rating upgrades from Infomerics Valuation and Rating Limited, as communicated to stock exchanges on December 31, 2025. The company informed BSE and NSE about the enhanced ratings across multiple financial instruments and facilities, marking a significant improvement in its credit profile.

Rating Upgrades and Assignments

Infomerics Valuation and Rating Limited has assigned and upgraded ratings across various financial instruments totaling ₹398.56 crores. The rating actions demonstrate improved creditworthiness across the company's debt portfolio:

Significant Rating Improvements

The most notable upgrade involves the Non-Convertible Debentures worth ₹198.56 crores, which moved from CARE BB+/Stable to IVR BBB-/Stable. This represents a substantial improvement in credit quality assessment. The company's Long Term Bank Facilities for Cash Credit also received an upgrade from IVR BB+/Stable to IVR BBB-/Stable.

The Short Term Bank Facilities for Bank Guarantee worth ₹40.00 crores were upgraded from IVR A4+ to IVR A3, indicating improved short-term creditworthiness and liquidity position.

Rating Significance and Impact

The IVR BBB-/Stable rating assigned to long-term instruments indicates adequate credit quality with stable outlook. This rating suggests that Steel Exchange India maintains satisfactory capacity to meet its financial commitments across its ₹358.56 crores of long-term facilities.

The comprehensive rating upgrades reflect the company's improved financial profile and enhanced ability to service its debt obligations. These improved ratings are expected to positively impact the company's borrowing costs and provide better access to capital markets for future financing requirements.

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.

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.