STEEL EXCHANGE INDIA LIMITED — Credit Ratings, 24-03-2025: Credit Rating- Revision

Steel Exchange India Limited has announced a board meeting regarding credit ratings assigned to its long-term and short-term bank facilities by Infomerics Valuation and Rating Limited. The company received a rating of IVR BB+/Stable for ₹10 Cr of long-term facilities and IVR A4+ for ₹40 Cr of short-term facilities. This rating reflects the company’s financial stability and could positively influence investor sentiment, showcasing a stable outlook amidst operational strategies. Overall, this positions Steel Exchange India with foundational support in its funding capacities, aligning with growth and operational funding objectives.