STEEL EXCHANGE INDIA LIMITED — Board Meeting, 24-01-2025: Outcome of Board Meeting

The Board of Directors of Steel Exchange India Limited has approved the standalone un-audited financial results for the quarter and nine months ended December 31, 2024. For this period, the company reported a total income of ₹328 crore and a net profit of ₹21.87 crore. The Board also re-appointed Mr. Satish Kumar Bandi as Chairman & Managing Director for three more years, starting March 1, 2025, subject to shareholder approval. Additionally, the company is expected to finalize the sale of a non-core plant for ₹250 crore by March 31, 2025, with proceeds aimed at repaying non-convertible debenture holders.