STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI LODR Regulations, 2015'.
STEELXIND · price
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Steel Exchange India Limited held an Extra Ordinary General Meeting on March 30, 2026, via video conferencing. The meeting was convened to seek shareholder approval for issuing 36,14,60,300 convertible equity warrants to both the Promoter Group and Non-Promoter Entities on a preferential basis. Following a query from NSE dated April 17, 2026, the company has issued an amendment to correct an inadvertent error in the valuation report. The error on page 41 incorrectly stated the value per share as being after a 10% discount for being unlisted, which has now been removed in the revised valuation report.
The removal of the 10% discount from the valuation report could indicate a higher valuation for the warrant conversion price, which may affect the cost basis for warrant holders. Shareholders should review the revised valuation report before any decision.