Sambhv Steel Tubes to Raise ₹99.99 Cr via Preferential Issue of Warrants

Sambhv Steel Tubes Limited's Board of Directors has approved the raising of up to ₹999,971,000 (approximately ₹99.99 crore) through a preferential issue of 8,695,400 Fully Convertible Equity Warrants. Each warrant, with a face value of ₹10, will be issued at ₹115, including a premium of ₹105. These warrants are convertible into equity shares and have a tenure of up to 18 months. The proposed allottees include promoter group entities and individuals. The company will convene an Extraordinary General Meeting on August 10, 2026, to seek shareholder approval for this fund-raising exercise.