Steel Exchange India Lowers Borrowing Costs by 5.5% Through NCD Term Modification

Hyderabad, October 10, 2025: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748) announced that its board has approved amendments to the terms of its listed Non-Convertible Debentures (NCDs). The move lowers borrowing costs and extends the repayment schedule, supporting improved liquidity and optimized capital management.

Steel Exchange India, a subsidiary of the Vizag Profiles Group, runs an integrated steel plant at Vizianagaram District of Andhra Pradesh. The company is engaged in the production and trading of steel products, catering to the domestic as well as international markets. Besides, it is publicly traded on both NSE and BSE exchanges; the former refers to it by the symbol STEELXIND, while the latter assigns it the number 534748.

Key Amendments to NCD Terms

Major changes to the debenture terms have been approved by the board and a new Debenture Trust Deed has been signed with Vistra ITCL (India) Limited to govern the rights and obligations of the parties involved. The changes are the shifts to a lower coupon rate by around 5.5% from the previous 18.75% per annum and a longer repayment period of five years, now with maturity in September 2030. Interest savings of approximately ₹130 crore will be permitted by the move up to FY2028.

Strategic Impact of the Revision

As per Steel Exchange India, the altered conditions constitute the implementation of its comprehensive financial restructuring program. With the strategy of reduced borrowings and long repayment term, the company is not only taking a step towards financial prudence but also is positioning itself for sustaining future environment of growth. The revision translates to substantial strengthening of cash flows, lowering the credit risk exposure and increasing the turn-around time for reinvesting in business projects/ assets.

REF: https://nsearchives.nseindia.com/corporate/STEELXIND_10102025150241_SEIL_10102025_BM_Outcome_Final_Signed.pdf

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