Rajputana Stainless Ltd Achieves Debt-Free Status with Repayment of Rs. 96.01 Cr
Rajputana Stainless Limited announced on April 8, 2026, that it has repaid its total debt, achieving a debt-free status as of that date. The company fully settled outstanding borrowings amounting to Rs. 96.01 Cr.This significant repayment covered term loans, working capital facilities, and unsecured borrowings. The company's transition to a debt-free status aligns with the stated utilization of its IPO proceeds.
Debt Repayment Summary
The total debt repaid by the company was Rs. 96.01 Cr. These repayments covered the following components:| Debt Component | Status |
|---|---|
| Total Debt Repaid | Rs. 96.01 Cr. |
| Term Loans | Fully repaid across multiple facilities with leading banks |
| Working Capital Loans | Entire fund-based limits cleared |
| Unsecured Loans | Fully settled |
With this achievement, Rajputana Stainless Ltd reports zero outstanding debt.
Mr. Shankarlal Deepchand Mehta, Chairman & Managing Director, commented on the milestone. He stated that the successful repayment of the entire debt reflects the company's commitment to the objectives outlined at the time of its IPO. He added that becoming debt-free soon after the listing underscores strong execution and reinforces the focus on maintaining a robust balance sheet.
Company Operations
Rajputana Stainless Limited is involved in the manufacturing of a variety of long and flat stainless steel products. Its product offerings include billets, forging ingots, rolled black and bright bars, flat products, and other ancillary items under the brand 'RSL'. The company caters to diverse industrial requirements across sectors such as engineering, automotive, forging, pipes, fasteners, and casting, providing products in over 80 grades of stainless steel.Operating on a B2B model, Rajputana Stainless serves manufacturers and traders. The company maintains a presence in both domestic and export markets, with exports reaching countries across Europe, the Middle East, Africa, and Asia.
RSL Stock Price Movement
Shares of Rajputana Stainless Limited are edging higher to ₹124.97 as of 1:37 PM today, gaining 1.83% in live trading. The stock, reporting a volume of 797,812 shares, notably hit its 52-week high of ₹127 during the session.Source:
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