STEEL EXCHANGE INDIA LIMITED — Board Meeting, 04-08-2025: Outcome of Board Meeting

Steel Exchange India's board met to approve its standalone Q1 financial results. The company reported robust performance with revenue climbing to ₹300 Cr from ₹264 Cr year-on-year. Net profit significantly increased to ₹10.23 Cr, up from ₹2.58 Cr in the same period last year.

In a strategic move, the board deferred a proposed ₹150 Cr rights issue, deeming the amount insufficient for future funding needs, indicating a potential larger fundraising plan ahead. Additionally, Mr. Suresh Kumar Bandi was re-appointed as Joint Managing Director for a three-year term, pending shareholder approval.