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

Steel Exchange India's promoter, Vizag Profiles Private Limited, has restructured its pledged shares. They released 17.16 crore shares (13.76% of total equity) previously pledged due to a loan repayment. Immediately, the same 17.16 crore shares were re-pledged as new collateral for loans taken by Steel Exchange India or its group companies. This new pledge secures unlisted, unrated debentures totaling 185 crore. The overall percentage of promoter shares pledged remains unchanged at 19.63% of total equity (or 27.08% of promoter holding).