MSP STEEL & POWER LTD.

MSP Steel & Power Ltd has submitted disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015. Three promoter group entities, Ginny Traders Private Limited, Sampat Marketing Company Pvt Ltd, and Ilex Private Limited, have reported open market purchases of equity shares. Ginny Traders acquired 7,30,000 shares on June 19, 2026. Sampat Marketing purchased 12,04,000 shares on June 19 and June 22, 2026. Ilex Private Limited bought 1,66,849 shares on June 22, 2026. These disclosures are in Form 'C' and dated June 23, 2026.

Saket Agrawal, promoter of MSP Steel & Power Ltd, along with Persons Acting in Concert (PACs), has disclosed an increase in their shareholding by 2.30% through open market purchases. The acquisition, which took place between June 12th and June 22nd, 2026, resulted in the promoter group's total shareholding rising from 42.82% to 45.12%. The total equity share capital of the company remains Rs. 566,796,645, consisting of 56,679,6645 equity shares of Rs. 10 each.

MSP Steel & Power Ltd has announced an Extraordinary General Meeting (EGM) scheduled for July 14, 2026, to be conducted via Video Conference. The primary agenda is to consider and approve a variation in the objects relating to the utilization of funds from a preferential issue. Specifically, the company seeks to reallocate ₹73.50 crore from the original plan, which included unsecured debt repayment and general corporate purposes, to facilitate a restructuring scheme. The preferential issue involved the allotment of 2,80,00,000 convertible warrants to M.A. Hire Purchase Private Limited, a promoter group entity. The meeting will allow members to vote electronically on the proposed special resolution.

MSP Steel & Power Ltd has announced that its promoter group entities have made significant open market purchases of equity shares. Shree Vinay Finvest Pvt. Ltd. acquired 7,30,000 shares. Ginny Traders Private Limited purchased 5,30,000 shares on June 16, 2026, and an additional 12,50,000 shares on June 17-18, 2026. Sampat Marketing Company Pvt Ltd bought 8,90,000 shares on June 16, 2026, and 11,00,000 shares on June 17, 2026. Ilex Private Limited acquired 10,00,000 shares on June 17-18, 2026, and M.A Hire Purchase Pvt Ltd purchased 9,50,000 shares on June 18, 2026. These disclosures are made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

MSP Steel & Power Ltd announced that Ilex Private Limited, a promoter group entity, has purchased 6,45,000 equity shares through open market transactions on June 15, 2026. This disclosure is made in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The details of the acquisition have been submitted in Form 'C'. This transaction signifies increased confidence and investment from the promoter group in the company's equity.

Swagat Trexim Private Limited has disclosed the sale of 12,890,000 equity shares, representing 2.27% of the paid-up equity share capital, in MSP Steel & Power Limited. The shares were sold in the open market on June 11-12, 2026. Following this transaction, Swagat Trexim's holding in MSP Steel & Power has reduced from 2.27% to 0% of the total diluted share capital. The total diluted share capital of MSP Steel & Power is approximately ₹566,796,645, divided into 56,67,96,645 equity shares of Rs 10 each.

MSP Steel & Power Ltd's Board of Directors met on June 19, 2026, and approved a proposal for variation in the objects for utilization of funds raised through a Preferential Issue of Convertible Warrants. This decision is subject to shareholder approval via a Special Resolution at an Extra-Ordinary General Meeting (EGM) scheduled for July 14, 2026. The Board also approved the notice for this EGM and appointed Swati Bajaj as the Scrutinizer for the e-voting process. The meeting commenced at 3:00 p.m. and concluded at 3:30 p.m.

MSP Steel & Power Ltd has executed a Power Purchase Agreement (PPA) with Elevate Solar Energy Private Limited to procure 10MWp (DC) of solar electricity annually. The power will be supplied at a tariff of ₹3.17 per unit for a term of 25 years. This agreement, under the Group Captive Open Access mechanism, aims to optimize energy costs and boost the company's renewable energy consumption. MSP Steel & Power will also acquire a 26% shareholding in Elevate Solar Energy Private Limited, corresponding to its contracted energy quantity, with a Shareholders’ Agreement to be executed later. The solar facility is being developed in Chhattisgarh with an installed capacity of 70 MWP (DC).

MSP Steel & Power Ltd has disclosed that its promoter group entities made open market purchases of the company's equity shares. Shree Vinay Finvest Pvt. Ltd. acquired 400,000 shares on June 12, 2026. M.A Hire Purchase Pvt Ltd purchased 2,400,000 shares on June 12 and June 15, 2026. Sampat Marketing Company Pvt Ltd bought 1,025,000 shares on June 12 and June 15, 2026. In total, the promoter group acquired 3,825,000 equity shares. These transactions were disclosed under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

MSP Steel & Power Ltd has announced a Board of Directors meeting scheduled for June 19, 2026. The primary agenda items include approving variations in the utilization of funds from a preferential issue of convertible warrants, and approving the draft notice for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for proposed resolutions and the e-voting process. The company will also appoint a scrutinizer for the e-voting process. This meeting is crucial for the company's financial restructuring and future strategic decisions regarding fund allocation.