Steel City Securities Limited has informed the Exchange regarding Outcome of Board Meeting held on March 30, 2026.
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Steel City Securities Limited informed the stock exchange about the outcome of its board meeting held on March 30, 2026. The board approved the renewal and enhancement of its credit facility from ICICI Bank, increasing it from the existing Rs. 10 Crores to Rs. 11 Crores. The board also discussed in detail the company's E-Governance Business Plan. The meeting was held at the registered office in Visakhapatnam and lasted from 11:45 AM to 12:30 PM.
The Rs. 1 Crore enhancement in the ICICI Bank credit facility signals improved banker confidence and provides additional working capital headroom for the company's brokerage operations. The E-Governance Business Plan discussion points to potential technology-led growth initiatives, which could positively impact operational efficiency in the medium term.