STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding allotment of 44000000 warrants pursuant to Preferential Issue at its meeting held on April 30, 2026

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STEELXIND · price

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Price reaction · full curve 14 horizons · vs prior close

+0.7%1-day move

₹10.02

prior close

₹9.89

base price

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AI summary

Steel Exchange India Limited has allotted 4.40 crore convertible equity warrants at Rs. 9.45 per warrant (face value Rs. 1 + premium Rs. 8.45). The company received 25% upfront payment of Rs. 10.39 crore. Warrants can convert into equal equity shares anytime within 18 months upon payment of remaining 75%. Allotment includes 2.10 crore warrants to non-promoters (Jurox Enterprises, Thomson & Wyman, Amar Advisors, Venus Partners) and 2.30 crore warrants to promoter group (Satyatej Vyapaar). No change in paid-up capital yet as conversion is pending.

Likely market impact

Potential future dilution of up to 4.40 crore equity shares. Significant promoter group participation (52% of warrants) signals insider confidence. Capital infusion strengthens the company's position, but shareholders face dilution upon warrant conversion at Rs. 9.45.