Allotment of 25,57,050 Fully Convertible Warrants as per the enclosed disclosure

Shree Marutinandan Tubes Limited's Board approved the allotment of 25,57,050 Fully Convertible Warrants on a preferential basis at Rs. 103 per warrant, carrying the right to subscribe to one equity share of Rs. 10 face value each. Of these, 2,37,900 warrants went to the Promoter Group (Managing Director Vikram Sharma), while 23,19,150 warrants were allotted to 9 individuals in the Non-Promoter/Public category. Allottees have paid 25% of the issue price upfront, with the remaining 75% payable within 18 months upon conversion into equity shares. The total potential capital inflow is around Rs. 26.34 crore if all warrants are fully converted. The Board also approved a second opportunity for proposed warrant holders who could not remit the initial 25% payment, suggesting the initial subscription was not fully subscribed.