Clarification23 Oct 2026, 12:32 pm
Scan Steels Clarifies Escrow Payment Mechanism Not Applicable
AI Summary
Scan Steels Limited has issued a clarification to the stock exchange stating that the requirement for submission of details relating to the Escrow Payment Mechanism is not applicable to the company. The company has confirmed that it has not issued any instruments or entered into any arrangements that would necessitate compliance with the Escrow Payment Mechanism under SEBI Regulations. Therefore, no disclosure or submission is required from Scan Steels in this regard.
Key Highlights
- Scan Steels clarifies non-applicability of Escrow Payment Mechanism.
- Company has not issued instruments attracting the mechanism.
- No SEBI regulations require disclosure for the company.
- Clarification addresses stock exchange query.
Price Impact
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