STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on March 30, 2026
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Steel Exchange India Limited has issued a corrigendum to the notice of its Extraordinary General Meeting (EGM) to be held on March 30, 2026, at 11:30 a.m. via video conferencing. The original EGM agenda is to issue Convertible Equity Warrants to the Promoter Group and Non-Promoter Entities on a preferential basis. The corrigendum makes three changes to the Explanatory Statement, all based on stock exchange feedback: (1) the generic website link for the Valuation Report has been replaced with a direct PDF link, (2) details of past preferential allotments during FY 2025-26 have been added — the company allotted 4,95,87,272 equity shares at Rs. 11 per share (face value Rs. 1, premium Rs. 10) to three non-promoter entities (Neo Special Credit Opportunities Fund, Kolluri Impex Private Limited, and KGR Resources LLP), and (3) the link to the Company Secretary's compliance certificate has been replaced with a direct PDF link. All other contents of the original EGM notice remain unchanged.
This is a procedural disclosure correction and does not alter the substance of the preferential warrant issue on the EGM agenda. However, it brings to light that the company has already raised roughly Rs. 54.5 crore this financial year through preferential allotments to three non-promoter entities, which existing shareholders should factor in when evaluating the fresh warrant proposal. Shareholders are advised to review the corrigendum documents before voting on March 30, 2026.