STEEL EXCHANGE INDIA LIMITED — Pledging, 19-12-2025: Pledge/Unpledge

Vizag Profiles Private Limited, a promoter of Steel Exchange India, has restructured its pledged shares. The promoter released 17.16 crore shares (13.76% of the company's total capital) from an old pledge after a loan repayment. Simultaneously, the *same number* of shares have been re-pledged as collateral for newly issued debentures worth ₹185 Cr. These funds are intended to benefit Steel Exchange India or its group companies. Post-transaction, the total pledged shares by the promoter remain at 24.48 crore (19.63% of total company capital), which is 27.08% of the promoter's total holding. This transaction reflects a refinancing and change in collateral purpose rather than a net increase or decrease in pledged shares for the promoter.