STEEL EXCHANGE INDIA LTD.

Steel Exchange India Limited (SEIL) has announced a significant step in its debt reduction strategy, repaying an additional ₹16 crore towards its outstanding Term Loan facilities. This brings the total cumulative debt reduction to ₹102 crore since December 2025, representing approximately 30% of its total long-term debt. The company attributes this achievement to strong operational cash flows and equity inflows. This deleveraging effort is expected to reduce finance costs, improve margins, and enhance overall earnings quality, positioning SEIL for sustainable growth and a debt-free future. The company also reported FY26 figures of Total Income ₹1067.00 Cr, EBITDA ₹138.03 Cr, and Net Profit ₹27.00 Cr.

Steel Exchange India Limited has announced the closure of its trading window for designated persons, including directors, employees, KMPs, promoters, and their immediate relatives. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the un-audited financial results for the quarter ended June 30, 2026. The company will communicate the date of the board meeting for approving these results at a later stage, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Steel Exchange India Limited (SEIL) has announced a further repayment of ₹15 crore towards its Term Loan facilities, continuing its deleveraging efforts. This repayment, representing approximately 5.5% of its total outstanding debt, brings the total debt reduction to approximately ₹86 crore since October 2025. This achievement signifies a roughly 25% reduction in long-term debt, supported by strong operational cash flows and equity inflow. The company expects lower finance costs and improved earnings quality going forward. Management emphasized their focus on disciplined financial management and strengthening the capital structure.

Steel Exchange India Limited has received approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) for its SIMHADRI TMT products. This approval allows the company's TMT rebars (Fe550, Fe500D, Fe550D, Fe550D CRS grades) to be used in ongoing and upcoming construction projects under the Amaravati Capital City development program. The approval has also been circulated to major EPC and construction firms involved in the project, enhancing SEIL's visibility. This milestone is expected to position Steel Exchange India as a key vendor for the ₹65,000 crore Amaravati project, reinforcing the brand's acceptance in infrastructure applications and supporting the company's growth strategy in Andhra Pradesh.

Steel Exchange India Ltd has received approval from the Andhra Pradesh Capital Region Development Authority (APCRDA) on June 12, 2026, for the usage of its "Simhadri TMT" brand TMT bars in the Amaravati Capital City construction works. This approval covers various grades including Fe550, Fe500D, Fe550D, and Fe550D CRS. The vendor approval is for ongoing and upcoming APCRDA projects, expected to enhance the company's visibility and participation in regional infrastructure development.

Steel Exchange India Ltd (SEIL) reported strong Q4 FY26 results with net profit surging approximately 443% QoQ to ₹12 Cr. The company's total income for Q4 FY26 stood at ₹287.70 Cr, a 19.45% increase QoQ. EBITDA also saw significant growth, rising by 118.12% QoQ to ₹50.10 Cr. The company strengthened its leadership with key appointments and strategic oversight. SEIL also secured a 5-year renewal of MES approval and reduced debt by ₹68.16 crore since October 2025.

Steel Exchange India Ltd's board meeting on May 25, 2026, approved the appointment of Mr. Vankina Sri Rakesh as CFO and KMP, assigned additional finance responsibilities to Mr. Suresh Kumar Bandi, approved the audited financial results for the year ended March 31, 2026, and appointed Mr. Anirudh Misra as an Additional Non-Executive & Non-Independent Director, subject to shareholder approval. The meeting commenced at 11:30 a.m. and concluded at 2:48 p.m.

Steel Exchange India Ltd's board meeting on May 25, 2026, approved the appointment of Mr. Vankina Sri Rakesh as CFO and KMP, assigned additional finance responsibilities to Mr. Suresh Kumar Bandi, approved the audited financial results for the year ended March 31, 2026, and appointed Mr. Anirudh Misra as an Additional Non-Executive & Non-Independent Director, subject to shareholder approval.

Steel Exchange India Ltd has announced a Board of Directors meeting scheduled for May 25, 2026, to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026. The company has also announced the closure of the trading window from April 1, 2026, until 48 hours after the declaration of the audited financial results.

Steel Exchange India Ltd (SEIL) has secured a 5-year renewal of approval from the Military Engineer Services (MES) under the Ministry of Defence for the supply of its TMT bars. The approval covers Fe 500D and Fe 500D HCRM grade TMT bars in sizes ranging from 8 mm to 32 mm, manufactured at its Vizianagaram plant using TEMPCORE technology. This renewal reinforces the company's eligibility for government projects and strengthens its position in the institutional segment, reflecting its focus on quality and adherence to standards.