STEEL EXCHANGE INDIA LTD.

Steel Exchange India Limited (SEIL) reported significant achievements in H1 FY27, including its highest-ever monthly and quarterly Re-Bar production. The company's consolidated revenue grew approximately 45% YoY and 25% QoQ in Q2 FY27. Infomerics upgraded SEIL's long-term rating by two notches to IVR BBB+/Stable and short-term rating to IVR A2. SEIL reduced its total debt by ₹102 Crore, repaying about 30% of its long-term debt since December 2025. A strategic MoU was signed with NMDC for long-term iron ore supply. Additionally, SEIL received approvals for SIMHADRI TMT for Amaravati Capital City projects and a five-year renewal from Military Engineer Services.

Steel Exchange India Limited reported provisional consolidated revenue of approximately ₹340 Crore for Q2 FY27, marking a significant increase of ~45% year-on-year and ~25% quarter-on-quarter. This growth was driven by record Re-Bar production of 69,465 MT and operational improvements, including the RHF. The company is also diversifying into specialty steels under the PLI scheme, aiming for higher margins and import substitution. These provisional figures indicate strong momentum in the company's turnaround journey, with a focus on capacity utilization and operational efficiencies for long-term growth.

Steel Exchange India Limited has achieved its highest-ever monthly and quarterly production of Re-Bars. In September 2026, the company produced 25,095.035 Metric Tonnes (MT), surpassing the previous record of 24,823.509 MT in August 2026. For the quarter ended September 30, 2026, production reached 69,617.424 MT. This significant achievement is attributed to the successful commissioning and operationalization of the Reheating Furnace (RHF), which has enhanced production capabilities and Rolling Mill utilization. The RHF contributed substantially to the record output, with 7,417.380 MT in September. The company expects this increased production capacity to be sustained, focusing on improving capacity utilization and meeting growing demand for its SIMHADRI TMT brand.

Steel Exchange India Ltd has announced its highest-ever monthly and quarterly production of Re-Bars. In September 2026, the company produced 25,095.035 Metric Tonnes (MT), surpassing the previous monthly record of 24,823.509 MT set in August 2026. For the quarter ended September 30, 2026, total Re-Bar production reached 69,617.424 MT. This significant operational achievement highlights the company's growing production capacity and efficiency in its Rolling Mill.

Steel Exchange India Limited has announced the closure of its trading window for designated persons, including directors, key management personnel, promoters, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain shut from October 1, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to approve these financial results will be communicated later.

Steel Exchange India Limited has received a significant credit rating upgrade from Infomerics Valuation and Rating Limited. The company's long-term credit rating has been elevated by two notches to IVR BBB+/Stable, and its short-term rating has been upgraded to IVR A2. This upgrade reflects the company's strong operational and financial performance in FY26, alongside an increase in the total rated bank facilities from ₹200.00 crore to ₹359.63 crore, and listed Non-Convertible Debentures from ₹198.56 crore to ₹558.19 crore. This marks the second consecutive upgrade by Infomerics, underscoring sustained improvement in the company's credit profile and enhancing its financial flexibility for growth initiatives.

Steel Exchange India Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Infomerics Valuation and Rating Limited, confirms that the proceeds from the preferential issue of convertible warrants, amounting to Rs. 341.58 crore, have been fully utilized for the purposes specified in the offer documents. There were no deviations from the stated objects. This filing adheres to SEBI regulations, including Regulation 162A of the ICDR Regulations and Regulation 32(6) of the Listing Obligations and Disclosure Requirements Regulations.

Steel Exchange India Limited (SEIL) has entered into a strategic Memorandum of Understanding (MoU) with NMDC Limited for the long-term procurement of iron ore fines (Fe 61-63% and above). This agreement will secure SEIL's supply chain by sourcing raw material from NMDC's upcoming Visakhapatnam Buffer Stockpile & Blending Yard. The MoU has a primary term of 4 years and aims to support SEIL's expanded steelmaking capacity, particularly its recent operationalization of a new Reheating Furnace. The strategic location synergy is expected to reduce logistics costs and transit times for SEIL's Vizianagaram plant operations, reinforcing its backward integration strategy and mitigating supply volatility.

Steel Exchange India Limited has entered into a Memorandum of Understanding (MoU) with NMDC Limited for the supply and procurement of iron ore fines with a Fe content of 61-63% and above. The iron ore will be sourced from NMDC's upcoming Buffer Stockpile & Blending Yard in Visakhapatnam. This non-exclusive, non-binding MoU has a primary term of four years and aims to establish a commercial and operational framework. It is expected to support Steel Exchange India's integrated steel manufacturing operations and future expansion plans, subject to definitive long-term agreements.

Steel Exchange India Limited achieved its highest-ever monthly production of Re-Bars, reaching 24,823.509 Metric Tonnes (MT) in August 2026. This record output was driven by the successful commissioning of its Reheating Furnace (RHF), which increased the company's monthly Re-Bar production capability by approximately 27%. The RHF contributed 7,465.288 MT to the total production, with the Continuous Casting Machine (CCM) producing 17,358.221 MT. The company expects this enhanced production capacity to be sustained, improving capacity utilization and operational efficiency to meet growing demand for its SIMHADRI TMT brand.