STEEL EXCHANGE INDIA LIMITED — Important, 22-04-2025: Updates

Steel Exchange India Limited has received source approval for its “SIMHADRI TMT” steel rebars to be used in the construction of NHAI's Package No. 11, 12, and 14 along the Bengaluru-Vijayawada Economic Corridor. The construction will be carried out by Megha Engineering & Infrastructures Limited. This development positions the company to support significant infrastructure projects, enhancing its market presence and potential revenue streams. Investors should view this as a positive opportunity for growth as the government's focus on infrastructure continues to drive demand for construction materials.