STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Partial Repayment to Secured NCD holders, under Regulation 57(1) of SEBI (LODR) Regulations, 2015'.
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Awaiting price reaction for this filing.
Steel Exchange India has made a partial redemption payment to holders of its Secured Non-Convertible Debentures (ISIN: INE503B07036) on June 30, 2025. The company redeemed NCDs by face value, reducing the number of outstanding NCDs from 651,157 to 603,215. The total amount redeemed was approximately ₹18.35 crore, bringing the outstanding NCD amount down to about ₹230.91 crore. The original maturity date of these NCDs is March 31, 2028, meaning this is an early partial repayment. The last interest payment was made on May 31, 2025.
Slightly positive for shareholders — the company is voluntarily reducing its debt burden ahead of the scheduled 2028 maturity, which modestly improves its leverage profile. However, the ₹18.35 crore repayment is relatively small compared to the ₹230.91 crore still outstanding, so the overall impact on the stock is likely limited.