Steel Exchange India Ltd

Steel Exchange India Promoters Update Share Pledges 🔄📊

- Promoters released all existing share pledges on February 26, 2026 for debt repayment

- New pledges created as collateral for NCDs and Term Loans

- Total promoter shareholding: 63.36 million shares (50.80% of total capital)

- 38.61% of promoter shares now encumbered (24.46 million shares)

- Encumbrance supports debt instruments including NCDs issued by the company

- NCDs have face value of ₹518,700 each and are rated by Infomerics

- NCDs are listed on BSE