EGM approves variation in use of preferential warrant funds

Board & Shareholder Meetings View source PDF

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AI summary

MSP Steel and Power held an EGM on July 14, 2026 via video conferencing, with 44 members attending. Shareholders approved a special resolution to vary the objects of utilising balance proceeds from preferential warrants allotted to a promoter group entity. Management said the change was reviewed by the Audit Committee and Board, is in the best interest of the company and shareholders, and will not affect shareholder rights. Detailed voting results will be filed separately.

Likely market impact

Shareholders approved reallocation of preferential warrant proceeds from promoter group. Awaiting scrutinizer report for detailed voting breakdown.