The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on February 26, 2026 for Vizag Profiles Pvt Ltd

Pledge releasedOwnership Changes View source PDF Explain this filing

STEELXIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.7%Reaction day

₹8.39

prior close

₹8.69

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-1.7% vs market

Iron & Steel Products peers, median of 95sector-0.1%-2.6% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.6 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.2

15m

-0.8

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.7-1.1-1.7-0.1-2.6

Next day

-5.7-3.3-2.5-2.8-2.9

-5.5-5.8+0.4-5.9+0.5

+1.3-4.9+6.2-5.2+6.5

+1.7-4.9+6.6-5.5+7.2

-3.2-7.5+4.3-8.1+4.9

-4.2-5.4+1.2-5.8+1.7

15d

-16.1-11.7-4.4-11.1-5.0

-10.0-9.6-0.4-11.3+1.3

+19.0+7.2+11.7+6.9+12.1

+42.2+10.5+31.7+6.0+36.2

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 95Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter Vizag Profiles Pvt Ltd (holding 50.80% of Steel Exchange India) disclosed two encumbrance events on its promoter shares. On February 24, 2026, it released a pledge of 17.16 crore shares (13.76% of total share capital) that was earlier held with Catalyst Trusteeship on behalf of Neo Special Credit Opportunities Fund II, Neo Credit Opportunities Fund I and Neo Prime Fund, as per the debenture trust deed dated December 6, 2025. On February 26, 2026, it created a fresh pledge of 12 crore shares (9.62% of total share capital) in favour of Catalyst Trusteeship on behalf of Incred Special Opportunities Fund-I Category-II, as collateral for 1,000 unrated, unlisted, secured, redeemable, non-convertible debentures of Rs 10 lakh each, aggregating Rs 100 crore, issued by Vizag Profiles itself. Net effect: total encumbered promoter shares declined from 19.63% to 15.50% of total share capital.

Likely market impact

Net encumbrance on promoter shares has reduced by roughly 4 percentage points, which is mildly positive for shareholding stability. However, the fresh Rs 100 crore NCD-backed pledge shows the promoter group continues to raise debt against its Steel Exchange stake, keeping promoter shares as ongoing collateral.