Regulatory4 Sept 2026, 11:41 am
Scan Steels Ltd Receives Trading Approval for 21.44 Lakh Equity Shares
AI Summary
Scan Steels Ltd has received trading approval from BSE Limited for 21,44,239 equity shares. These shares, with a face value of ₹10 each and issued at a premium of ₹48 per share, were allotted to promoter and non-promoter categories following the conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) on a preferential basis. The approval is effective from September 4, 2026. The newly issued shares will rank pari passu with the existing equity shares of the company.
Key Highlights
- BSE grants trading approval for 21,44,239 equity shares.
- Shares issued upon conversion of OCRPS on preferential basis.
- Effective trading date is September 4, 2026.
- New shares rank pari passu with existing equity.
- Allotted to promoter and non-promoter categories.
Price Impact
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