MSP Steel & Power Limited has informed the Exchange regarding Outcome of Board Meeting held on March 14, 2026.
MSPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MSP Steel & Power Limited has allotted 2,80,00,000 convertible warrants to M.A Hire Purchase Private Limited, a promoter group company, at a price of Rs. 35 per warrant (face value Rs. 10 + premium Rs. 25). The warrants were issued on a preferential basis following shareholder approval on December 12, 2025 and in-principle approval from NSE and BSE on February 27, 2026. The promoter group has paid 25% of the issue price upfront (Rs. 24.50 crore received), and the balance 75% (Rs. 26.25 per warrant) must be paid within the stipulated time to convert the warrants into equity shares. There is no immediate change in the company's paid-up share capital, as conversion into equity shares is pending.
This signals a promoter group infusion of capital, which could strengthen the company's balance sheet once warrants are fully converted into equity. However, potential dilution of existing shareholders looms if and when the remaining 75% is paid and shares are issued. Watch for the future conversion announcement and the warrants' conversion price relative to the prevailing market price.