Press Release

Steel Exchange India Limited September 24, 2026 To To The Manager, The Manager, Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited, P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Port, Mumbai — 400001 Bandra (East), Mumbai — 400051 Scrip Code: 534748/960441 Scrip ID: STEELXIND Sub: Intimation of press release under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Ma’am, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the press release titled " Infomerics Upgrades Steel Exchange India Limited’s Long-Term Credit Rating by Two Notches to IVR BBB+/Stable; Short-Term Rating Upgraded to IVR A2”. We request you to take the same on your records. Thanking you, Yours faithfully, For Steel Exchange India Limited Raveendra Babu M Company Secretary & Compliance Officer M.No: A34409 WORKS Integrated Steel Plant: Sreerampuram, L.Kota Mandal, Vizianagaram District - 535161. Phone: +91-8966-267218, 267111 Infomerics Upgrades Steel Exchange India Limited’s Long-Term Credit Rating by Two Notches to IVR BBB+/Stable; Short-Term Rating Upgraded to IVR A2 Visakhapatnam – September 24, 2026: Steel Exchange India Limited (NSE: STEELXIND | BSE: 534748), one of South India’s leading integrated steel manufacturers, today announced that Infomerics Valuation and Rating Limited has upgraded the Company’s credit ratings, after taking into account all relevant recent developments including the operational and financial performance of the Company for FY26 (Audited). The Long-Term Rating on the Company’s bank loan facilities has been upgraded by two notches, from IVR BBB-/Stable to IVR BBB+/Stable, and the Short-Term Rating has been upgraded from IVR A3 to IVR A2. Alongside the upgrade, the rated bank facilities have been enhanced from ₹200.00 crore to ₹359.63 crore. Infomerics has also upgraded by two notches the rating on the Company’s ₹198.56 crore listed Non- Convertible Debentures from IVR BBB-/Stable to IVR BBB+/Stable, taking the total rated quantum to ₹558.19 crore. This is the second successive upgrade of the Company’s ratings by Infomerics, following the upgrade announced in December 2025 on the basis of FY25 (Audited) and H1FY26 (Unaudited) performance — reflecting a sustained improvement in the Company’s credit profile across consecutive review cycles. The revised ratings are valid for a period of one year, up to September 21, 2027. Upgrade Across Key Credit Instruments Instrument / Facility Amount (₹ crore) Previous Rating Revised Rating Bank Facilities – Long Term 359.63 IVR BBB-/Stable IVR BBB+/Stable (Upgraded) Bank Facilities – Short Term IVR A3 IVR A2 (Upgraded) Non-Convertible Debentures (Listed) 198.56 IVR BBB-/Stable IVR BBB+/Stable (Upgraded) Total Rated Quantum 558.19 Previous ratings are as per Infomerics’ rating letter dated December 30, 2025, when the Company’s total rated bank facilities stood at ₹200.00 crore. As defined by Infomerics, an IVR BBB rating indicates that instruments carry a moderate degree of safety regarding timely servicing of financial obligations, with moderate credit risk. The ‘+’ modifier reflects a comparatively higher standing within the category. The Stable outlook indicates that the rating is not expected to change significantly in the near term, based on the rating agency’s current assessment. An IVR A2 short-term rating indicates a strong degree of safety regarding timely payment of financial obligations, with such instruments carrying low credit risk. Strategic Significance of the Rating Upgrade The two-notch upgrade in the long-term rating, together with a near-80% enhancement in rated bank facilities, strengthens the Company’s credit standing across both its bank borrowings and its listed debt. A higher credit rating typically supports improved access to credit and more competitive terms of borrowing, giving the Company greater financial flexibility to meet its working capital requirements and fund its growth initiatives. The upgrade follows Infomerics’ review of the Company’s FY26 audited performance and recent developments, and reflects its continued focus on financial discipline, prudent capital management and sustainable growth. Steel Exchange India Limited continues to strengthen its steel manufacturing capabilities and integrated operations, with a focus on improving efficiency and building a stronger operating platform for the long term. Commenting on the development, Mr. Bandi Satish Kumar, Director, Steel Exchange India Limited, said: “A two-notch upgrade in our long-term rating, alongside a substantial enhancement in our rated bank facilities, is an encouraging recognition of the progress made in our operational and financial performance. The revised ratings strengthen our overall credit profile and improve our financial flexibility. As we continue to strengthen our steel manufacturing operations and execute our expansion initiatives, we remain committed to maintaining a balanced financial profile while creating sustainable long-term value for all our stakeholders.” About Steel Exchange India Limited Steel Exchange India Limited (SEIL), part of the Vizag Profiles Group, is a leading manufacturer of TMT rebars under the brand ‘SIMHADRI TMT’. Founded in 1999, the Company has grown from a steel trading and online platform into one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana. SEIL operates an Integrated Steel Plant & Power Unit in Vizianagaram District, near Visakhapatnam. These facilities house sponge iron, billet, rolling mill, and power generation capacities, enabling complete backward and forward integration for long steel production. With a strong brand presence and supply track record to the Armed Forces and critical infrastructure projects, SEIL is known for quality and reliability. In line with the ‘Atmanirbhar Bharat’ vision, the Company is diversifying into specialty steels under the PLI scheme to support import substitution and expand its value-added offerings. Disclaimer Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. For Further Information Please Contact Corporate Communication Advisor Kirin Advisors Private Limited Sunil Mudgal – Director sunil@kirinadvisors.com +91 98692 75849 www.kirinadvisors.com