Steel Exalter India Limited has announced a major fund-raising plan after its Board of Directors approved a proposal to raise up to ₹700 crore through various permissible financial instruments. The decision was taken at the board meeting held on December 30, 2025, and has been officially communicated to both the Bombay Stock Exalter (BSE) and the National Stock Exalter of India (NSE).
According to the regulatory filing, the company may raise funds in one or more tranches through the issuance of equity shares, equity-linked instruments, or debt instruments. These may include convertible equity warrants, compulsorily or optionally convertible securities, as well as secured or unsecured non-convertible debentures. The fund-raising will be carried out through modes such as preferential issue, private placement, qualified institutions placement (QIP), public issue, or any other route permitted under applicable laws.
The Board has also delegated authority to a specially constituted Fund-Raising Committee. This committee will have the power to decide the structure of the issue, the type of instruments, pricing, terms and conditions, and all other matters related to the proposed capital raise. It will also be responsible for completing regulatory filings, executing agreements, and taking all necessary steps to implement the board’s resolution.
Steel Exalter India Limited clarified that the proposed fund raising will be undertaken in compliance with the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable regulations. The plan will be subject to shareholder approval along with necessary regulatory, statutory, and lconcludeer approvals, wherever required.
