STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding Board meeting held on December 30, 2025.
STEELXIND · price
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The Board of Steel Exchange India Limited, at its meeting on December 30, 2025, approved a proposal to raise up to Rs 700 crore through one or more tranches. The funds may be raised via equity shares, equity-linked instruments, debt instruments, convertible equity warrants, compulsorily or optionally convertible securities, or non-convertible debentures (secured or unsecured). The mode of issuance could be preferential issue, private placement, qualified institutions placement (QIP), public issue, or any other permitted route. A Fund-Raising Committee has been constituted to determine pricing, structure, and terms. The proposal is subject to shareholder approval and other regulatory and lender clearances.
Existing shareholders may face dilution depending on the final mix of equity and equity-linked instruments chosen for the Rs 700 crore raise. The stock could see short-term pressure if a large equity portion is raised at a discount, but clarity on pricing and structure is still pending.