Steel Exchange India Ltd Approves Issue of 36,14,60,300 Convertible Warrants at Rs 9.45 Each

Steel Exchange India Ltd has approved the issuance of up to 36,14,60,300 convertible warrants having a face value of Re.1/- each, at an issue price of Rs 9.45/- (with a premium of Rs 8.45/- per warrant) on a preferential basis. This decision was made at the Board of Directors' meeting held on 4th March 2026. The warrants, which are fully convertible into equity shares on a later date, are subject to shareholders' approval. The relevant date for the pricing of the preferential issue of the convertible warrants is as per SEBI ICDR Regulations and other applicable laws. The warrants have a tenure of not more than 18 months from the date of allotment. The outcome of the subscription results will be known after the allotment of the share warrants on a preferential basis.