Steel Exchange India Ltd

Steel Exchange India Shareholders Approve ₹350 Crore Fundraising via Warrants 📈

- Extraordinary General Meeting held on March 30, 2026 via video conferencing

- Resolution passed to issue convertible equity warrants to promoter and non-promoter entities

- Total valid votes: 611,654,790 shares (49.04% of outstanding shares)

- 99.9986% votes in favor, 0.0014% against

- Promoter group voted 606,661,280 shares (100% in favor, representing 95.75% of holdings)

- Non-institutional public shareholders cast 4,993,510 votes (99.83% in favor, 0.17% against)

- Company to issue up to 36,14,60,300 warrants at ₹9.45 each

- Fundraising target: Up to ₹350 crores

- Key non-promoter allottees: India Coke and Power Private Limited (15.87 crore warrants) and IMR Steel Private Limited (15.87 crore warrants)