Steel Exchange India Ltd Share Price – NSE  / BSE

Steel, Small Cap

Steel Exchange India announced that Nagoji Ram Mohan (DIN: 02895361), has resigned from his position as Nominee Director of the Company due to the withdrawal of nomination by the lender, Vishwa Samudra Holdings, effective from the closing business hours on 02 January 2026, and he shall cease to be a Director of the Company thereafter.

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Steel Exchange India has achieved investment-grade credit rating status, following the assignment and upgrade of its bank facilities by Infomerics Valuation and Rating as detailed below:

Non convertible debentures (Rs 198.56 crore) - IVR BBB-; Stable (upgrade)

Long term bank facilities term loans (Rs 150 crore) - IVR BBB-; Stable (assigned)

Long term bank facilities cash credit (Rs 10 crore) - IVR BBB-; Stable (upgraded)

Short term bank facilities letter of credit (Rs 40 crore) - IVR A3 (upgraded)

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Steel Exchange India announced that its Board of Directors has approved a proposal to raise funds aggregating up to Rs 700 crore, subject to requisite statutory and regulatory approvals.

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The Board has further delegated the powers to a Fund-Raising Committee constituted for this purpose, which shall have the authority to determine the structure, form of issuance, instrument, price, terms and conditions of the issue.

The amount of fund raise is nearly 62% of the company?s full market capitalization, which currently stands at Rs 1,128.73 crore.

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 standalone net profit declined 22.43% to Rs 2.11 crore on a 11.22% fall in revenue to Rs 231.76 crore in Q2 FY26 as compared with Q2 FY25.

The scrip tumbled 4.03% to currently trade at Rs 9.05 on the BSE.

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