Steel Exchange India Ltd

Steel Exchange India Allots 31.75 Crore Warrants to Non-Promoters 📋

• Allotted 31,74,60,300 convertible equity warrants to non-promoters

• Total amount received: ₹74,99,99,958.75 (25% of total subscription)

• Issue price per warrant: ₹9.45 (including ₹8.45 premium)

• Allottees: India Coke and Power Private Limited (15.87 crore warrants) and IMR Steel Private Limited (15.87 crore warrants)

• Warrants convertible into equity shares within 18 months (by April 20, 2026)

• Remaining 75% payment required before conversion

• No immediate change in paid-up equity share capital