The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

Pledge releasedOwnership Changes View source PDF Explain this filing

STEELXIND · price

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

-2.7%Reaction day

₹8.39

prior close

₹8.62

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

+0.2

10m

+0.3

15m

+0.6

30m

+0.6

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

Catalyst Trusteeship Ltd, acting as debenture trustee for debenture holders of Vizag Profiles Private Limited, has released 18,61,55,375 (about 18.62 crore) pledged equity shares of Steel Exchange India Ltd on February 24, 2026. Before the release, these shares represented 14.93% of the company's total share capital and were held as encumbered shares. After the release, the encumbered holding stands reduced to NIL. The shares were originally pledged by Vizag Profiles Private Limited as security for its debentures, and the debenture trustee is the entity filing this disclosure under SEBI takeover regulations. The total share capital of the company remains unchanged at around 124.72 crore equity shares of Re.1 each.

Likely market impact

This pledge release reduces the encumbrance burden on the company from 14.93% to zero, which is generally seen as a positive signal as it removes the overhang risk of potential forced sale of pledged shares. However, investors should note that the pledgor (Vizag Profiles Pvt Ltd) is not confirmed as part of the promoter group in this filing.