SCANSTL · price
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Awaiting price reaction for this filing.
Scan Steels Ltd has published a corrigendum to its Postal Ballot Notice dated April 14, 2025, in Financial Express (English) and Pratahkal (Marathi) on April 22, 2025. The correction relates to the table showing the identity of ultimate beneficial owners of the Optionally Convertible Redeemable Preference Shares (OCRPS) proposed to be allotted under a preferential issue. The three allottees are Bayanwala Brothers Pvt. Ltd. (UBO: Rajesh), Gopikar Supply Pvt. Ltd. (UBO: Nimish), and Ascon Merchandise Pvt. Ltd. The company clarified that the changes do not impact the resolution or the pre-issue and post-issue shareholding pattern of the company.
This is a procedural correction to disclosures related to a proposed preferential issue and does not change the underlying resolution or shareholding pattern, so it is unlikely to materially affect shareholders or the stock price.