MSP Steel & Power Limited has informed the Exchange about General Updates-Exit from CDR scheme
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MSP Steel & Power has formally exited the Corporate Debt Restructuring (CDR) and S4A frameworks after fully settling all obligations, including the Right of Recompense (RoR) amount, to its consortium lenders. The consortium of banks, in a meeting held on February 19, 2026, unanimously approved the exit, and minutes were received on February 25, 2026. This follows the board's in-principle approval communicated on September 15, 2025. The company describes this as a key milestone in its turnaround, citing improved financial flexibility and a stronger credit profile going forward.
Positive for shareholders — exiting CDR signals the company's balance sheet has recovered sufficiently to meet restructured debt terms in full, removing overhang and restoring borrowing flexibility for future growth.