Steel Exchange India Ltd

Meeting Details

• Date and time: September 30, 2026, 2:00 PM–2:45 PM.
• Type and mode: Group investor conference; Virtual via Zoom.
• Event: Arihant Bharat Connect Conference: Rising Stars 2026.

Participants

• Key participants: Company officials (roles) from Steel Exchange India.
• Role present: Company Secretary & Compliance Officer.

Purpose

• Purpose: Outcome of the Analyst/Institutional Investor meet.

Additional Notes

• No UPSI disclosed during the interaction.

Steel Exchange India Limited – Trading Window Closure from 1 October 2026 till 48 hours after the declaration of Un-Audited Financial Results for the quarter and half year ended 30 September 2026.

Meeting Details

• Date: 30 September 2026; Event: Arihant Bharat Connect Conference: Rising Stars 2026.
• Type: investor conference (group); Mode: not specified.

Participants

• Key participants: company officials (management roles); no specific names provided.

Purpose

• Purpose: discuss generally available information; no UPSI involved.

Additional Notes

• Recordings/presentations: not specified.

Meeting Details

• Date and time: 23 September 2026, 04:00 PM–04:55 PM
• Type and mode: group investor meeting, virtual (Zoom)

Participants

• Company representative: Company Secretary & Compliance Officer (governance role)
• Investors in attendance: Profit Tantra Financial Services; Invest4edu; Dolat Capital; Equirus; Sahil Kumar; Paryan Sharma; Dhruv P

Purpose

• Purpose: Analyst/Institutional investor meeting; discussions based on generally available information

Rating action details

• Non-Convertible Debentures: 198.56 crore; upgrade to IVR BBB+/Stable from IVR BBB-/Stable.
• Long Term Bank Facilities: 359.63 crore; upgrade to IVR BBB+/Stable from IVR BBB-/Stable.
• Short Term Bank Facilities: 359.63 crore; upgrade to IVR A2 from IVR A3.
• Outlook: Stable for long-term ratings; short-term outlook not specified.

Rating Agency

• Agency: Infomerics Valuation and Rating Limited.

Meeting Details

• 23 September 2026, 04:00 PM.
• Virtual group meeting with Analysts/Investors.
• Event: Investors/Analysts Call; Organizer: Steel Exchange India Limited.

Participants

• Management to interact with Investors/Analysts.

Purpose

• Discussion with Investors/Analysts based on generally available information; no UPSI.

Issue Overview

• Type: preferential issue of fully convertible share warrants.
• Total proceeds allocated; no revision or undersubscription observed.
• Main use objectives: working capital, debt repayment, and general corporate purposes.

Utilisation of Proceeds

• Utilisation per offer document; no material deviations or reallocation.
• Three objects are ongoing with no delays; completion within one year.
• Unutilised funds are not applicable; funds have been allocated.
• GCP deployment includes expenses, statutory dues, and rolling mill capex.

Governance and Compliance

• Approvals obtained: principal approvals from BSE and NSE.
• No material events or disputes impacting viability reported.
• No additional information likely to affect investor decision-making.

GCP

• GCP share is 25% of issue proceeds.
• Used for issue-related expenses, statutory dues, and rolling mill capex.
• Board approval for allocation not explicitly evidenced in the document.

MoU with NMDC for iron ore supply

• MoU enables long-term supply of consistent-grade iron ore fines (Fe 61-63%+).

Strategic and logistics benefits

• Direct procurement from Visakhapatnam buffer hub lowers freight costs and transit times.
• 4-year term enables future long-term agreements (LTAs).
• RHF operationalization drives higher mill utilization.

Operational impact and growth outlook

• Enhances raw material security and supply chain resilience.
• Supports SIMHADRI TMT growth under SEIL's expansion plans.
• MoU expected to underpin near-term capacity expansion.

Strategic alignment and industry impact

• Strengthens backward integration through secured NMDC ore supply.
• Proximity to Visakhapatnam enhances logistics efficiency and scalability.
• Expected to support SEIL's near-term capacity expansion plans.

MoU with NMDC for iron ore supply

• Entered into MoU on September 8, 2026 establishing a non-binding four-year framework.
• Supply framework covers Consistent grade iron ore fines 61-63%+ from NMDC's Buffer Stockpile and Blending Yard at Visakhapatnam.
• MoU is non-exclusive and subject to definitive long-term agreements for supply.
• Aims to support Steel Exchange India's expansion plans and integrated steel operations.

Interest payment on Secured NCD

• Interest paid on 07/09/2026 to Secured NCD holder.
• ISIN INE503B07044; issue size ₹3,828,000,000.
• Interest amount due and paid: ₹15,377,873.
• Interest payment frequency: monthly.
• Interest record date: 21.08.2026; due date: 07.09.2026.
• Actual payment date: 07.09.2026; last payment date: 07.08.2026.
• No delay or discrepancy in payment.