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The latest update is out from Steel Exchange India Limited ( (IN:STEELXIND) ).
Steel Exchange India Limited has issued a corrigendum to its notice convening the first Extraordinary General Meeting for FY 2025-26, scheduled on March 30, 2026 via video conferencing and other audio-visual means. The correction follows comments from stock exchanges and revises specific points in the explanatory statement related to a proposed preferential issue of convertible equity warrants to promoter and non-promoter entities.
Key amendments include replacing a generic website reference with a direct link to the valuation report supporting the pricing of the proposed warrants, and updating disclosures on prior preferential allotments during the year. The company now details an earlier issue of 49,587,272 equity shares at Rs 11 per share, enhancing transparency for shareholders and aligning its disclosure with regulatory expectations ahead of the crucial capital-raising vote.
More about Steel Exchange India Limited
Steel Exchange India Limited operates an integrated steel plant in Vizianagaram district, Andhra Pradesh, and is engaged in the production and sale of steel products. The company focuses on serving domestic industrial and infrastructure demand, leveraging its integrated operations to improve efficiency and cost competitiveness in the Indian steel market.
Average Trading Volume: 136,992
Technical Sentiment Signal: Sell
Current Market Cap: 8.93B INR
Find detailed analytics on STEELXIND stock on TipRanks’ Stock Analysis page.