Vizag Profiles Private Limited, a promoter of Steel Exchange India, has restructured its pledged shares.

The promoter released 17.16 crore shares (13.76% of the company's total capital) from an old pledge after a loan repayment.

Simultaneously, the *same number* of shares have been re-pledged as collateral for newly issued debentures worth ₹185 Cr.

These funds are intended to benefit Steel Exchange India or its group companies.

Post-transaction, the total pledged shares by the promoter remain at 24.48 crore (19.63% of total company capital), which is 27.08% of the promoter's total holding.

This transaction reflects a refinancing and change in collateral purpose rather than a net increase or decrease in pledged shares for the promoter.