Quarterly Updates27 Feb 2026, 10:42 am
Steel Exchange India Ltd: Promoter Vizag Profiles Private Limited Invokes Encumbrance on 12 Crore Shares
AI Summary
Steel Exchange India Ltd has received disclosures from promoter Vizag Profiles Private Limited regarding the encumbrance of 12 crore shares. The encumbrance was created on 26th February 2026, reducing the promoter's holding from 19.63% to 7.32%. The shares were encumbered in favor of Catalyst Trusteeship Limited as collateral for loans taken by the company and group companies. This encumbrance represents 18.94% of the promoter's total shareholding and 9.62% of the total share capital.
Key Highlights
- Promoter Vizag Profiles Private Limited invokes encumbrance on 12 crore shares.
- Encumbrance reduces promoter holding from 19.63% to 7.32%.
- Shares encumbered in favor of Catalyst Trusteeship Limited.
- Encumbrance created as collateral for loans taken by the company and group companies.
- Encumbrance represents 18.94% of promoter's total shareholding and 9.62% of total share capital.