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

The issuance can be done through preferential issue, private placement, qualified institutions placement, public issue, or any other permitted mode under applicable laws. The Board has delegated powers to a Fund-Raising Committee to determine the specifics of the issuance, including structure, form, price, terms, and conditions.

The fundraising is subject to shareholder approval and other necessary regulatory, lender, and statutory approvals. The Board meeting commenced at 11:00 a.m. and concluded at 12:20 p.m. on December 30, 2025. Detailed disclosures as per SEBI regulations have been provided.