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

Steel Exchange India's board has approved its standalone unaudited financial results for the quarter ended June 30, 2025. The company reported a net profit of ₹10.23 Cr on revenue of ₹300 Cr, a significant jump from ₹2.58 Cr profit in the same quarter last year.

A proposed ₹150 Cr rights issue for fundraising was deferred as the board believes a larger amount might be needed. They've called for a re-assessment of funding requirements. Additionally, Mr. Suresh Kumar Bandi was re-appointed as Joint Managing Director for another three years, pending shareholder approval.