STEEL EXCHANGE INDIA LIMITED — Pledging, 04-03-2026: Pledge/Unpledge

STEEL EXCHANGE INDIA LIMITED promoters recently restructured their pledged holdings. Several key individual and corporate promoters, including B. Jyothi Kiran, B. Jaya Padmavathi, Satish K. Bandi, B. Suresh, B. Ramesh Kumar, Sudha B, B. Arunakanthi, Umashiv Garments, and Vizag Profiles, released shares previously pledged for existing debts.

These shares were immediately re-pledged as collateral to secure new Non-Convertible Debentures (NCDs) valued at approximately ₹198.64 crore and a Term Loan. In total, 24.46 crore shares, representing 19.61% of the company's total share capital and 38.61% of the promoter group's holding, are now pledged. The important detail for investors is that the funds from these NCDs and the Term Loan are specifically for the *benefit of Steel Exchange India Limited*, indicating a strategic financing move aimed at supporting the company's operations. The pledge is with VISTRA ITCL (INDIA) LIMITED, acting as a common security trustee for various lenders.