Steel Exchange India Allots 8.04 Cr Equity Shares on Warrant Conversion

Steel Exchange India Ltd announced the allotment of 8,04,23,279 equity shares following the conversion of warrants. This conversion, approved by the Board of Directors on November 4, 2026, was initiated by non-promoter group warrant holders, M/s. India Coke and Power Private Limited and M/s. IMR Steel Private Limited. The shares were issued at a price of Rs. 9.45 per equity share. This allotment has increased the company's issued, subscribed, and paid-up share capital to Rs. 1,35,59,41,691, comprising 1,35,59,41,691 equity shares of face value Rs. 1/- each. The Board also approved the standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2026.