Board Meeting19 Jun 2026, 03:47 pm
MSP Steel Board Approves Variation in Preferential Issue Fund Use
AI Summary
MSP Steel & Power Ltd's Board of Directors met on June 19, 2026, and approved a proposal for variation in the objects for utilization of funds raised through a Preferential Issue of Convertible Warrants. This decision is subject to shareholder approval via a Special Resolution at an Extra-Ordinary General Meeting (EGM) scheduled for July 14, 2026. The Board also approved the notice for this EGM and appointed Swati Bajaj as the Scrutinizer for the e-voting process. The meeting commenced at 3:00 p.m. and concluded at 3:30 p.m.
Key Highlights
- Board approved variation in use of funds from preferential issue.
- Shareholder approval required via EGM on July 14, 2026.
- Scrutinizer appointed for e-voting at EGM.
- Meeting duration was 30 minutes.
Price Impact
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