Steel Exchange India Limited Executes Partial Prepayment and Scheduled Redemption of NCDs
Steel Exchange India Limited announced the completion of partial prepayment and scheduled partial redemption of Non-Convertible Debentures (NCDs). The company executed these payments on April 22, 2026.The transactions detailed the redemption of secured NCDs under two components: a Partial Voluntary Prepayment and a Scheduled Partial Redemption.
Partial Voluntary Prepayment Details
The partial voluntary prepayment involved the redemption of NCDs with the ISIN INE503B07044. The face value for this redemption was reduced from 500176 to 396608.The financial specifics for this partial prepayment are as follows:
| Particulars | Details |
|---|---|
| Type of redemption | Partial Voluntary Prepayment |
| Outstanding amount (Rs.) | 1,51,82,15,424/- |
| Amount redeemed | 39,64,56,427/- |
| Due date for redemption | 06.10.2030 |
| Actual date of redemption | 22.04.2026 |
Scheduled Partial Redemption Details
The company also completed a Scheduled Partial Redemption for NCDs bearing the ISIN INE503B07044. For this transaction, the face value was reduced from 396608 to 387345, citing the Amended & Restated Debenture Trust Deed as the reason.The key details regarding the scheduled partial redemption are presented below:
| Particulars | Details |
|---|---|
| Type of redemption | Scheduled Partial Redemption |
| Outstanding amount (Rs.) | 1,48,27,56,660/- |
| Amount redeemed | 3,54,56,850/- |
| Due date for redemption | 07.07.2026 |
| Actual date of redemption | 22.04.2026 |
These payments represent the company's action towards its secured Non-Convertible Debentures.
STEELXIND Stock Price Movement
As of 9:10 AM, shares of STEEL EXCHANGE INDIA LIMITED are slipping by 0.19% in the pre-open session, currently at ₹10.4. Trading activity is modest, with the stock showing a volume of 39,482 shares so far this morning.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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