Steel Exchange India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/10/2025 ,inter alia, to consider and approve Notice is hereby given ....
STEELXIND · price
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Steel Exchange India Ltd has called a board meeting for 10 October 2025. The main item on the agenda is to consider and approve changes to the terms of its listed Non-Convertible Debentures (NCDs). Possible changes include revision in interest (coupon) rate, extension of maturity date, and changes to the redemption schedule. The company will also discuss any related matters as permitted by the Chair. The intimation has been sent to both BSE (scrip code 534748/960441) and NSE (STEELXIND) under SEBI Listing Regulations.
Changes to NCD terms, especially lower coupon rates or extended maturity, often signal that the company is facing cash flow pressure and is negotiating easier repayment terms with debenture holders. Existing shareholders should watch this closely as it may reflect underlying financial stress and could weigh on the stock sentiment.