Investment4 Mar 2026, 12:07 pm
Steel Exchange India Ltd. Approves Issue of up to 36,14,60,300 Convertible Warrants at Rs 9.45 Each
AI Summary
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. The total consideration for this preferential issue is not exceeding Rs.350,00,00,000. The warrants will be allotted to seven investors, including promoters and non-promoters, and will be exercisable within 18 months from the date of allotment. The company also approved the Notice of 1stExtraordinary General Meeting for FY 2025-26 and matters related thereto, and the proposal for modification and/or change in the terms and conditions of the listed Non-Convertible Debentures (NCDs) issued by the Company.
Key Highlights
- Issue of up to 36,14,60,300 convertible warrants at Rs 9.45 each with a premium of Rs 8.45
- Total consideration not exceeding Rs.350,00,00,000
- 7 investors including promoters and non-promoters
- Warrants exercisable within 18 months from the date of allotment
- Approval of Notice of 1stExtraordinary General Meeting for FY 2025-26 and matters related thereto
- Approval of proposal for modification and/or change in the terms and conditions of the listed Non-Convertible Debentures (NCDs)