Sambhv Steel Tubes Appoints CARE Ratings as Monitoring Agency for Warrant Issue

Sambhv Steel Tubes Limited has appointed CARE Ratings Limited (CARE) as the Monitoring Agency to oversee the utilization of proceeds from its preferential issue of warrants. The shareholders approved this issue on August 10, 2026. The total proceeds from the issue amount to ₹99,99,71,000/-. CARE Ratings will monitor how these funds are utilized, ensuring compliance with SEBI regulations, specifically the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This appointment is effective from October 6, 2026.