Sambhv Steel Tubes to Raise ₹99.99 Cr via Warrants

Sambhv Steel Tubes Limited's Board of Directors has approved the issuance of up to 8,695,400 Fully Convertible Equity Warrants on a preferential basis for cash consideration. The aggregate amount to be raised is up to ₹999,971,000 (approximately ₹99.99 crore). Each warrant has a face value of ₹10 and is proposed to be issued at a price of ₹115, including a premium of ₹105. The warrants are convertible into equity shares and have a tenure of up to 18 months. The company also announced the convening of its 01st Extraordinary General Meeting on August 10, 2026, to seek member approval for the fundraise and other related matters. The appointment of a scrutinizer for the e-voting process was also approved.