'Certificate of payment of Interest to Secured NCD Holders on 28th February, 2025 which was due on 28th…
As filed · STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Certificate of payment of Interest to Secured NCD Holders on 28th February, 2025 which was due on 28th February, 2025'.
What happened
FactSTEELXIND has confirmed the payment of interest to holders of Secured Non-Convertible Debentures on 28th February 2025, which was due on the same date. The total interest amount paid was 3,76,25,820. The company has stated that there was no delay in the payment.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
WithdrawnOnce I complete my reheating furnace, then my rebar mill capacity utilization will go to 70% plus because that I can source my billets from outside also and then increase my capacity utilization.
These amounts will be utilized for the growth of the plant.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
- Once I complete my reheating furnace, then my rebar mill capacity utilization will go to 70% plus because that (management committed by FY27)
- Roughly starting with the next quarter onwards, means it will be almost double, not the it may doubling the ca (management committed by FY27)
Evidence
- STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Certificate of payment of Interest to Secured NCD Holders on 28th February, 2025 which was due on 28th February, 2025'.(opens the original filing in a new tab)
- Earlier statement · Q4 FY26
- Latest statement · Q4 FY26
- Earlier statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- FUNDRAISE base 58; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%