Loan & Debt23 Apr 2026, 11:33 am
Steel Exchange India Repays ₹43.19 Cr Debt, Total Reduction Nears ₹71.19 Cr
AI Summary
Steel Exchange India Ltd (SEIL) has redeemed ₹43.19 crore towards Non-Convertible Debentures (NCDs), representing approximately 13% of its total outstanding debt. This follows a repayment of ₹28 crore over the last two quarters, bringing the total debt reduction to approximately ₹71.19 crore. The company has repaid over 20% of its long-term debt since October 2025 and is committed to becoming debt-free in the near future. This debt reduction is supported by strong operational cash flows and is expected to improve earnings quality.
Key Highlights
- Steel Exchange India redeems ₹43.19 crore in NCDs, 13% of outstanding debt.
- Total debt reduction nears ₹71.19 crore in the recent period.
- Company has repaid over 20% of its long-term debt since October 2025.
- Debt reduction is supported by strong operational cash flows.
- Company reaffirms commitment to financial discipline and becoming debt-free.