Regulatory13 May 2026, 02:55 pm
Scan Steels Gets BSE Nod for Preferential Issue
AI Summary
Scan Steels Ltd received in-principle approval from BSE for the proposed preferential issue of 20,42,133 Optionally Convertible Preference Shares (OCRPS) of ₹10 each, convertible into 21,44,239 equity shares of ₹10 each at a price not less than ₹57.12 to promoters and non-promoters. The company has also submitted a listing application on May 12, 2026, for obtaining listing approval of the equity shares.
Key Highlights
- BSE approves Scan Steels' preferential issue of OCRPS.
- OCRPS convertible into equity shares at a minimum price of ₹57.12.
- Listing application submitted for the allotted equity shares.
- Approval granted under Regulation 28(1) of SEBI LODR Regulations.
Price Impact
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