Steel Exchange India Ltd Share Price – NSE  / BSE

Steel, Small Cap

Steel Exchange India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 March 2026.

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IMR Group announced a strategic investment of Rs 300 crore in Steel Exchange India (SEIL) through subscription to share warrants. The investment will be made through IMR's Indian entities ? India Coke and Power (ICPPL) and IMR Steel (ISPL). This capital infusion will strengthen SEIL's operations, optimize its debt structure, and position the company for accelerated growth ? marking a significant milestone in IMR's forward integration strategy and its expansion across India's high-growth steel sector.

IMR Group, headquartered in Switzerland with operations in over 17 countries, operates a fully integrated metals platform spanning global mineral trading, mining, and downstream steel production. Through this investment, IMR will leverage its global sourcing capabilities for critical raw materials ? including metallurgical coke, coking coal, non-coking coal, and ferrous scrap ? to enhance SEIL's operational efficiency, supply chain security, and competitiveness. The partnership positions SEIL to capitalize on India's rapidly expanding steel demand, while reinforcing IMR's long-term commitment to the Indian steel ecosystem.

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Steel Exchange India will hold a meeting of the Board of Directors of the Company on 4 March 2026.

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At the same meeting, the board would determine the issue price, class of securities, number of securities, identification of proposed allottees/investors, mode of issue and other related terms and conditions, subject to shareholders? approval.

The announcement was made during market hours today.

Steel Exchange India is primarily engaged in the manufacturing of TMT bars, apart from billets, ingots, and power generation. The company also deals in the sale and purchase of steel products through its trading division and is recognized as one of the largest dealers for Rashtriya Ispat Nigam.

The company's net profit declined 85.62% to Rs 2.28 crore on a 26.61% fall in revenue to Rs 240.35 crore in Q3 FY26 as compared with Q3 FY25.

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