Sambhv Steel Tubes EGM on Aug 10 to issue about Rs 100 crore warrants

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₹119.59

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₹120.75

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AI summary

Sambhv Steel Tubes will hold an EGM on August 10, 2026 to issue 86,95,400 fully convertible equity warrants at Rs 115 each on a preferential basis, totaling about Rs 100 crore. Allottees include Anjaneya Minerals (promoter group) for about Rs 76 crore, plus promoter-directors Suresh Kumar Goyal and Vikas Kumar Goyal, and non-promoter executives Bhavesh Khetan, Bikash Agrawal, Saurabh Patil and Anu Garg. Warrants carry Rs 10 face value and Rs 105 premium. 25 percent upfront is payable now with 75 percent due on conversion within 18 months.

Likely market impact

Promoter group and key executives are subscribing; expect share dilution if converted within 18 months. Shareholders vote on August 10.