STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Revised Intimation of Partial Voluntary Prepayment and Scheduled Partial Redemption ofRs 43.19 crore towards Non-Convertible Debentures (NCDs) under Regulation 57(1) ofSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations, 2015.'.
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Steel Exchange India Limited has completed a partial voluntary prepayment and scheduled partial redemption of its Non-Convertible Debentures (NCDs) on April 22, 2026. The voluntary prepayment amounted to Rs 39.65 crore, reducing face value from 500,176 to 396,608 units. Additionally, a scheduled partial redemption of Rs 3.55 crore was made, further reducing face value from 396,608 to 387,345 units. The combined payment totaled approximately Rs 43.19 crore. After these redemptions, the outstanding NCD amount stands at Rs 148.28 crore. The debentures carry ISIN INE503B07044.
This prepayment indicates the company has sufficient cash flow to proactively reduce its debt burden ahead of schedule. For shareholders, this reduces interest costs going forward and strengthens the balance sheet, which is a positive signal for financial health.