EGM held; clarifications on 7.13 cr preferential issue

Board & Shareholder Meetings View source PDF

LLOYDSENGG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.7%1-day move

₹89.10

prior close

₹89.10

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2-1.2-1.5-0.9-0.7+2.5+2.2-2.5-1.7+2.6————

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AI summary

EGM held on July 15, 2026 via video conferencing. Company addresses NSE observations on its proposed preferential issue of 7.13 crore equity shares, of which 7 lakh are for cash at Rs 71.25 (about Rs 5 cr). Cash proceeds will be invested in Steel Infra Solutions Company by March 2027; interim use in FDs or liquid mutual funds. Addendum to valuation report filed.

Likely market impact

Capital raise plan moves ahead; cash portion to fund investment in Steel Infra Solutions by March 2027.