Steel Exchange India CEO, MD, chairman, board of directors and AGM
NSE: STEELXINDBSE: 534748Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹10.11.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,217 Cr1,393rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 20 Jul 2026
- 38.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 25 May 2026
- 1.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 20 Jul 2026
- 4.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 20 Jul 2026
- 9.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 25 May 2026
- 0.54
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 41,17,09346.5% delivered
Steel Exchange India board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing director and CEOBANDI SATISH KUMARRelated to the promoter
- Company Secretary and Compliance OfficerM Raveendra Babu
8 directors4 independent3 executive1 non-executive
- BANDI SATISH KUMAR · Chairperson and managing director and CEOExecutive · joined Oct 2007 · reappointed Mar 2025 · 1 listed board · 1 committee seat
- BANDI SURESH KUMARExecutive · joined Feb 1999 · reappointed Oct 2025 · 1 listed board · 1 committee seat
- MOHIT SAI KUMAR BANDIExecutive · joined Nov 2023 · reappointed Nov 2023 · 1 listed board
- SIVA SAGAR RAO YENDAMURIIndependent · joined May 2022 · reappointed May 2022 · 49 months as independent · 1 listed board · 1 as independent
- VEERA BRAHMA RAO AREKAPUDIIndependent · joined Feb 2023 · reappointed Feb 2023 · 40 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- BHAGYAM RAMANIIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- SUBBARAO VENKATA MUNNANGIndependent · joined Dec 2024 · reappointed Dec 2024 · 18 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
- ANIRUDH MISRANon-executive · joined May 2026 · reappointed May 2026 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
7 directors who left
- NAGOJI RAM MOHAN, left 2 Jan 2026: Others
- SUJATA CHATTOPADHYAY, left 27 Mar 2025: Tenure Completion
- SIVAPRASAD CHIVUKULA, left 31 Dec 2024: Tenure Completion
- RAMINENI RAMACHANDRA RAO, left 31 Dec 2024: Tenure Completion
- KODALI KRISHNARAO, left 31 Dec 2024: Tenure Completion
- SURESH BAVINENI, left 15 Oct 2024: Others
- VEERAMACHANENI VENKATA KRISHNA RAO, left 15 Oct 2024: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 25 May 20267 of 7 present4 independent · 81 days in between
- 4 Mar 20266 of 7 present4 independent · 17 days in between
- 14 Feb 20267 of 7 present4 independent
Audit Committee
Chair VEERA BRAHMA RAO AREKAPUDI
SUBBARAO VENKATA MUNNANG, BHAGYAM RAMANI
- 25 May 20263 of 3 present3 independent · 81 days in between
- 4 Mar 20263 of 3 present3 independent · 17 days in between
- 14 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair VEERA BRAHMA RAO AREKAPUDI
SUBBARAO VENKATA MUNNANG, BHAGYAM RAMANI
- 25 May 20263 of 3 present3 independent
Stakeholders Relationship Committee
Chair BHAGYAM RAMANI
BANDI SURESH KUMAR, BANDI SATISH KUMAR
- 14 Feb 20263 of 3 present1 independent
Risk Management Committee
Chair BANDI SATISH KUMAR
BANDI SURESH KUMAR, VEERA BRAHMA RAO AREKAPUDI
- 14 Feb 20263 of 3 present1 independent
Corporate Social Responsibility Committee
Chair BANDI SURESH KUMAR
BANDI SATISH KUMAR, SIVA SAGAR RAO YENDAMURI
- 14 Feb 20263 of 3 present1 independent
Fund Raising Committee
- 24 Feb 20263 of 3 present0 independent · 9 days in between
Independent Directors Meeting
- 14 Feb 20264 of 4 present4 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Pavuluri & Co.Peer-review certificate valid to Feb 2028
1 earlier auditor
- Pavuluri and CoNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Steel Exchange India AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Steel Exchange India share news and announcements
Annual general meeting, 22 Aug 2026
2,83,047 shareholders on the register on 14 Aug 2026; present: 11 promoters and 83 others; votes counted by Srikanth Somepalli / B S S & Associates.The company's voting result (opens in a new tab)
- Adoption of Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Reports of the Board and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.22%
Turnout: all 48.60% · promoters 96.43% · institutions 0.24% · other public 1.44%
- To re-appoint Mr. Mohit Sai Kumar Bandi (DIN: 07410118), who retires by rotation as Director and being eligible, offers himself for re-appointmentOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.47%
Turnout: all 48.60% · promoters 96.43% · institutions 0.24% · other public 1.44%
- Ratification of remuneration of the Cost Auditors for the Financial Year ending 31st March, 2027Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.45%
Turnout: all 48.60% · promoters 96.43% · institutions 0.24% · other public 1.44%
- Regularization of Mr. Anirudh Misra (DIN: 03101359) as Non-Executive Non-Independent DirectorOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.49%
Turnout: all 48.60% · promoters 96.43% · institutions 0.24% · other public 1.44%
- Approval of remuneration payable to Mr. Mohit Sai Kumar Bandi (DIN:07410118), Whole-Time DirectorSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.51%
Turnout: all 48.60% · promoters 96.43% · institutions 0.24% · other public 1.44%
- Approval for Continuation of Ms. Bhagyam Ramani (DIN: 00107097) as Non-Executive Director – Independent, beyond the age of 75 years till completion of her first termSpecial99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.47%
Turnout: all 48.60% · promoters 96.43% · institutions 0.24% · other public 1.44%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 30 Mar 2026, 1 resolution
2,98,805 shareholders on the register on 23 Mar 2026; present: 11 promoters and 49 others; votes counted by Srikanth Somepalli / B S S & Associates.The company's voting result (opens in a new tab)
- To issue Convertible Equity Warrants to Promoter Group of the Company and Non-Promoter Entities on preferential basisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 49.04% · promoters 95.75% · institutions 0.00% · other public 0.87%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Sep 2025, 6 resolutions
3,16,833 shareholders on the register on 22 Sep 2025; present: 12 promoters and 69 others; votes counted by Srikanth Somepalli / B S S & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2025 together with the Reports of the Board and Auditors thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.04%
Turnout: all 51.58% · promoters 95.75% · institutions 11.68% · other public 1.48%
- To re-appoint Mr. Mohit Sai Kumar Bandi (DIN: 07410118), who retires by rotation as Director and being eligible, offers himself for re-appointmentOrdinary99.49% for0.51% against
Against: promoters 0.00% · institutions 100.00% · other public 0.37%
Turnout: all 51.58% · promoters 95.75% · institutions 11.68% · other public 1.48%
- Ratification of remuneration of the Cost Auditors for the Financial Year ending 31st March, 2026.Ordinary99.49% for0.51% against
Against: promoters 0.00% · institutions 100.00% · other public 0.39%
Turnout: all 51.58% · promoters 95.75% · institutions 11.68% · other public 1.48%
- To appoint M/s. B S S & Associates, Firm of Company Secretaries in Practice, as Secretarial Auditors for a term of upto 5 (Five) consecutive years and fix their remuneration.Ordinary99.50% for0.50% against
Against: promoters 0.00% · institutions 100.00% · other public 0.13%
Turnout: all 51.58% · promoters 95.75% · institutions 11.68% · other public 1.48%
- Re-appointment of Mr. Bandi Suresh Kumar (DIN: 00206473) as Whole Time Director, designated as Joint Managing Director of the Company.Special99.50% for0.50% against
Against: promoters 0.00% · institutions 100.00% · other public 0.32%
Turnout: all 51.58% · promoters 95.75% · institutions 11.68% · other public 1.48%
- Alteration of Object Clause of the Memorandum of Association ("MOA") of the Company.Special99.50% for0.50% against
Against: promoters 0.00% · institutions 100.00% · other public 0.08%
Turnout: all 51.58% · promoters 95.75% · institutions 11.68% · other public 1.48%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 25 May 2025, 1 resolution
3,15,350 shareholders on the register on 18 Apr 2025; votes counted by SRIKANTH SOMEPALLI / B S S & ASSOCIATES.The company's voting result (opens in a new tab)
- Re-appointment of Mr. B. Satish Kumar (00163676) as Chairman & Managing Director of the Company for a further period of three years w.e.f. 1st March, 2025Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.12%
Turnout: all 50.53% · promoters 94.73% · institutions 0.00% · other public 0.92%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 10 Jan 2025, 2 resolutions
3,08,729 shareholders on the register on 3 Jan 2025; present: 11 promoters and 50 others; votes counted by SRIKANTH SOMEPALLI / B S S & ASSOCIATES.The company's voting result (opens in a new tab)
- Issuance of securities up to an aggregate amount of Rs. 600 Crore (Six Hundred Crores Only)Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.06%
Turnout: all 51.12% · promoters 95.75% · institutions 0.00% · other public 1.03%
- To appoint Mr. Subbarao Venkata Munnang (DIN: 06495576) Non-Executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.07%
Turnout: all 51.12% · promoters 95.75% · institutions 0.00% · other public 1.03%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 27 Sep 2024, 6 resolutions
Present: 12 promoters and 53 others.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2023 and Reports of Board and Auditors thereonOrdinary99.94% for0.06% against
Against: promoters 0.00% · institutions 0.00% · other public 2.69%
Turnout: all 41.41% · promoters 93.87% · institutions 11.35% · other public 1.71%
- To Re-appoint a director in the place of Mr. Bavineni Suresh (DIN: 00181832), who retires by rotation as Director and being eligible, offers himself for re-appointmentOrdinary99.20% for0.80% against
Against: promoters 0.00% · institutions 100.00% · other public 0.51%
Turnout: all 41.41% · promoters 93.87% · institutions 11.35% · other public 1.71%
- To Re-appoint a director in the place of Mr. Veeramachaneni Venkata Krishna Rao (DIN 00206884), who retires by rotation as Director and being eligible, offers himself for re-appointmentSpecial99.20% for0.80% against
Against: promoters 0.00% · institutions 100.00% · other public 0.51%
Turnout: all 41.41% · promoters 93.87% · institutions 11.35% · other public 1.71%
- To appoint Statutory Auditors of the Company and fix their remunerationOrdinary99.20% for0.80% against
Against: promoters 0.00% · institutions 100.00% · other public 0.53%
Turnout: all 41.41% · promoters 93.87% · institutions 11.35% · other public 1.71%
- Ratification of remuneration of the Cost Auditors for the Financial Year ending 31st March, 2025Ordinary99.20% for0.80% against
Against: promoters 0.00% · institutions 100.00% · other public 0.41%
Turnout: all 41.41% · promoters 93.87% · institutions 11.35% · other public 1.71%
- To issue Convertible Equity Warrants to Non-Promoter of the Company on preferential basisSpecial99.19% for0.81% against
Against: promoters 0.00% · institutions 100.00% · other public 0.80%
Turnout: all 41.41% · promoters 93.87% · institutions 11.35% · other public 1.71%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 26 Jul 2024, 1 resolution
The company's voting result (opens in a new tab)
- Regularisation of appointment of Mr. Ram Mohan Nagoji (DIN:02895361) as Non executive (Nominee) Director of the company representing M/s. Vishwa Samudra Holdings Private LimitedOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.84%
Turnout: all 38.62% · promoters 98.09% · institutions 0.00% · other public 1.38%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 11 Mar 2024, 3 resolutions
Present: 12 promoters and 37 others.The company's voting result (opens in a new tab)
- To Offer, Issue and Allot Equity Shares to Non-Promoter Entities of the Company onnpreferential basisSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 44.14% · promoters 93.79% · institutions 0.00% · other public 2.13%
- Approval for Material Related Party Transactions with SAWP Steels Limited of the Company for the Financial Year 2024-25OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 1.03% · promoters 0.00% · institutions 0.00% · other public 2.13%
- Approval for Material Related Party Transactions with Vizag Profiles Private Limited of the Company for the Financial Year 2024-25OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 1.03% · promoters 0.00% · institutions 0.00% · other public 2.13%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesApr 2026 | 39.90 | The proceeds of the Preferential Issue shall be utilized for Capex and working capital requirement and other general corporate purposes of the Company. | 39.90 | 39.90 | No |
| Preferential IssuesApr 2026, checked by Infomerics Valuation and Rating Limited | 341.58 | Working Capital Requirements | 146.39 | 54.06 | No |
| Preferential IssuesApr 2026, checked by Infomerics Valuation and Rating Limited | 341.58 | Repayment/ Servicing of financial facilities availed by the Company | 112.23 | 74.92 | No |
| Preferential IssuesApr 2026, checked by Infomerics Valuation and Rating Limited | 341.58 | General Corporate Purposes | 82.96 | 11.83 | No |