Steel Exchange India Ltd: Vizag Profiles Pvt Ltd Invokes Encumbrance of Shares

Steel Exchange India Ltd has received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Vizag Profiles Pvt Ltd. The disclosure pertains to the invocation of encumbrance of shares. The encumbrance has been created for collateral for loans taken by the company. The total promoter shareholding in the listed company is 50.80%, and the encumbered shares as a percentage of promoter shareholding is 18.94%. The encumbrance is a pledge in favor of Catalyst Trusteeship Limited.