Vistra ITCL (India) discloses significant encumbrance in Steel Exchange India

Vistra ITCL (India) Limited, acting as a debenture trustee, has disclosed an acquisition of 633,595,550 shares in Steel Exchange India Limited. This represents a 50.80% stake relative to the total share or voting capital and 49.67% of the total diluted share or voting capital of Steel Exchange India. The disclosure, made on October 28, 2025, aligns with SEBI regulations.

The acquisition is primarily an encumbrance, specifically a pledge, lien, or non-disposal undertaking, dated October 20, 2025. Notably, 318,273,550 of these shares have been pledged with Vistra ITCL (India) Limited in its capacity as debenture trustee.

Prior to this acquisition, Vistra ITCL (India) Limited held no shares, voting rights, or other convertible instruments in Steel Exchange India. Following the transaction, the total equity share capital and voting capital remain at 1,247,220,542 equity shares with a face value of ₹1.00. The total diluted share or voting capital is 1,275,518,412 equity shares with a face value of ₹1.00.