STEEL EXCHANGE INDIA LIMITED — Others, 04-08-2025: Change in Director(s)

Steel Exchange India's board has approved the financial results for the quarter. Revenue from operations for the quarter stood at ₹299.99 Cr, with net profit reaching ₹10.23 Cr, and earnings per share at ₹0.09. A proposed rights issue up to ₹150 Cr was deferred, as the board determined this amount might not meet the company's funding requirements and will reassess. Mr. Suresh Kumar Bandi was re-appointed as Joint Managing Director for three years, subject to shareholder approval. This signals robust Q1 performance while the company evaluates its long-term funding strategy.