STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding a press release dated April 23, 2026, titled "Steel Exchange India Limited Repays Rs 43.19 Cr Debt; Total Reduction Nears Rs 71.19 Cr in Recent Period".
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Steel Exchange India Limited has repaid Rs 43.19 crore towards Non-Convertible Debentures (NCDs) in a single tranche, representing approximately 13% of its total outstanding debt. This follows an earlier repayment of Rs 28 crore over the last two quarters. With this latest payment, the company's total debt reduction stands at Rs 71.19 crore in the recent period. The company has now repaid over 20% of its long-term debt since October 2025, demonstrating strong progress in its deleveraging efforts. Management attributes this to disciplined financial management and strong operational cash flows, positioning the company to become debt-free in the near future.
This represents a significant positive development for shareholders, as the company has demonstrated consistent debt reduction backed by strong cash flows. Lower finance costs and improved earnings quality are expected going forward, strengthening the balance sheet.