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Visakhapatnam \u00a0(Andhra Pradesh) [India], October 3: <\/span><\/b>Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748),\u00a0one of the leading integrated steel manufacturers in the private sector in South India and a trusted name\u00a0in TMT rebars under the\u00a0brand \u2018SIMHADRI TMT\u2019, has announced a significant progress in its financial\u00a0management through prepayment\/ redemption of Non-Convertible Debentures (NCDs) and a Term Loan\u00a0by successfully securing refinancing\u00a0at substantially reduced interest rates.<\/p>\n On\u00a030th September 2025,\u00a0the Company has secured sanctions\u00a0of\u20b9350 crore of refinancing facilities\u00a0from a consortium of leading financial institutions including Kotak Mahindra Investments Limited, Oxyzo Financial Services Limited and Kotak Credit Opportunities Fund. Of this,\u00a0\u20b9150 crore has already been disbursed and applied towards prepayment of existing high-cost NCDs and Term loan, the balance\u00a0\u20b9200 crore to be disbursed on or before 10th October 2025\u00a0to acquire outstanding NCDs from existing holders, subject to requisite approvals.<\/p>\n With the above refinance facilities,\u00a0the Company\u00a0on 30th\u00a0September 2025 successfully\u00a0completed\u00a0prepayment of Term Loan of Rs 25\u00a0Cr,\u00a0full\u00a0pre\u00a0redemption of Secured\u00a0unlisted\u00a0NCDs\u00a0of Rs 84.30 Cr\u00a0and\u00a0partial redemption of secured Listed NCDs amounting to Rs 32.35 Cr\u00a0thereby\u00a0reducing the outstanding principal to\u00a0\u20b9198.56 crore\u00a0of Listed NCDs\u00a0which will be acquired by\u00a0Kotak Credit Opportunities Fund\u00a0on or before 10th\u00a0October ,2025\u00a0and change the terms as per new facility.\u00a0The Company also discharged the due interest payment on the same date.<\/p>\n The revised financing arrangement provides the following benefits:<\/strong><\/p>\n \u2022\u00a0Lower Interest Rate:\u00a0Reduction of approximately\u00a05.50%\u00a0compared to the earlier borrowing cost of ~18.75% per annum, resulting in substantial savings.<\/p>\n \u2022\u00a0Improved Terms:\u00a0Extended repayment tenure of\u00a0five years\u00a0from sanction, up to\u00a0September 2030, expected to generate cumulative\u00a0additional cashflow\u00a0of approximately\u00a0\u20b9130 crore till FY2028.<\/p>\n \u2022\u00a0Strategic Impact:\u00a0Optimization of the capital structure, enhanced liquidity position, and improved shareholder value through reduced finance costs.<\/p>\n This combined initiative underscores Steel Exchange India\u2019s commitment to proactive liability management, prudent financial planning, and sustained value creation.<\/p>\n