Sambhv Steel Tubes schedules EGM to approve warrant fundraise
Published on: July 17, 2026, 6:44 p.m. | Source: scanx.trade
Sambhv Steel Tubes Limited has convened its 1st Extraordinary General Meeting for FY 2026-27 on August 10, 2026, via video conference. The primary agenda is to seek shareholder approval for raising up to ₹999.97 million through the preferential allotment of 8,695,400 fully convertible equity warrants at ₹115 each. The warrants, which include a premium of ₹105, are convertible within 18 months. The allotment includes promoters and non-promoters, with promoter shareholding expected to increase post-conversion. Remote e-voting is open from August 07 to August 09, 2026, for shareholders registered as of August 03, 2026.
