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Stock Report
A Defining Milestone: Debt-Free Status Achieved
Posted On : 2026-04-08 18:48:35( TIMEZONE : IST )
Rajputana Stainless Limited (BSE Code - 544731; NSE Code - RSL) is pleased to announce that it has successfully repaid all its outstanding borrowings, achieving a debt-free status as of April 8, 2026, marking another key milestone shortly after its recent listing.
The Company has fully repaid a total debt of Rs. 96.01 Cr., comprising term loans, working capital facilities, and unsecured borrowings. The Company's transition to a debt-free status aligns with the stated utilization of IPO proceeds, reinforcing management's credibility and commitment to delivering on its roadmap.
Debt Repayment Highlights:
- Total Debt Repaid: Rs. 96.01 Cr.
- Term Loans: Fully repaid across multiple facilities with leading banks
- Working Capital Loans: Entire fund-based limits cleared
- Unsecured Loans: Fully settled
With this achievement, the Company now carries zero outstanding debt, positioning it strongly for future growth.
Strategic Significance:
- Reinforces financial strength following its recent listing
- Enhances financial flexibility and improves credit profile
- Enhances capacity to fund upcoming expansion, including the Stainless-Steel Seamless Pipes Unit, driven by a stronger balance sheet
- Positions the Company to capitalize on industry opportunities with a stronger balance sheet
Commenting on achieving this milestone, Mr. Shankarlal Deepchand Mehta, Chairman & Managing Director, said, "The successful repayment of our entire debt reflects our commitment to the objectives outlined at the time of our IPO. This milestone demonstrates our disciplined approach to capital allocation and our focus on delivering promises made to our stakeholders. Becoming debt-free soon after our listing underscores strong execution and reinforces our focus on maintaining a robust balance sheet. With this strengthened financial position, we are well-placed to accelerate growth, drive operational efficiencies, expand capacities, and capitalize on emerging opportunities while continuing to create long-term value."
