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Steel Exchange India Limited announced that its Board of Directors, in a meeting held on December 30, 2025, considered and approved a proposal for raising funds amounting to up to ₹700 crore. The fundraising will be conducted in one or more tranches through various instruments including equity shares, equity-linked instruments, and debt instruments such as convertible equity warrants, convertible securities, or non-convertible debentures.

The issuance can be done through preferential issue, private placement, qualified institutions placement, public issue, or any other permitted mode. The Board has delegated powers to a Fund-Raising Committee to determine the specifics of the issuance, including structure, form, price, and terms. The fundraising is subject to shareholder approval and other necessary regulatory, lender, and statutory clearances.

The Board meeting commenced at 11:00 a.m. and concluded at 12:20 p.m. The company will provide further details as required under SEBI regulations.