Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015_in relation to raising of funds in one or more tranches, by issuance of equity shares and/or other eligible securities
STEELXIND · price
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On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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On December 30, 2025, the Board of Steel Exchange India approved a proposal to raise funds up to Rs 700 crore in one or more tranches. The funds can be raised through equity shares, equity-linked instruments (including convertible warrants, CCDs/OCDs), and/or debt instruments like non-convertible debentures. The mode of issuance can be preferential issue, private placement, qualified institutions placement (QIP), public issue, or any other permitted route. Pricing, structure, and instrument details have not been finalized and will be decided by a newly constituted Fund-Raising Committee. The fund raise is subject to shareholder approval and other regulatory/lender clearances.
This is a sizeable capital raise plan (Rs 700 crore) that could lead to equity dilution depending on the final mix of instruments chosen. Shareholders should watch for follow-up announcements on pricing, mode, and timeline, as these will determine the actual dilution and cost of capital.