STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding a press release dated April 09, 2026, titled "Steel Exchange India Reports ₹28 Crore Debt Repayment Over Two Quarters".
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Steel Exchange India Limited has repaid approximately ₹28 crores of debt over two quarters (October 2025 to March 2026). The repayment consisted of ₹21.43 crores towards term loans and ₹7.09 crores towards Non-Convertible Debentures (NCDs). The credit facilities were originally availed in September 2025 to support operational and growth initiatives. The company described this as a scheduled partial redemption and part of its ongoing deleveraging strategy. Management stated this reflects improving cash flow generation and a focus on building a robust financial profile.
This debt repayment demonstrates the company's improving financial health and cash generation ability. For shareholders, the deleveraging should lead to reduced finance costs and a stronger balance sheet, potentially improving future profitability and financial flexibility for growth opportunities.