STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding allotment of 28297870 securities pursuant to Preferential Issue upon conversion of warrants into equity shares at its meeting held on April 30, 2026

Warrants ConvertedFund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹10.02

prior close

₹9.89

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+0.2% vs market

Iron & Steel Products peers, median of 94sector-0.7%+0.5% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-0.2-0.4+0.2-0.7+0.5

Next day

+0.7+1.1-0.4+0.5+0.2

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+7.7+2.6+5.0+0.6+7.1

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15d

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+27.2+1.5+25.8-2.6+29.8

+24.9+9.1+15.7-1.7+26.6

+11.3+8.1+3.2-1.3+12.6

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Steel Exchange India Limited has allotted 2,82,97,870 equity shares of Rs. 1 each to Ms. Gunakala Vijayalakshmi (Non-Promoter Group) upon conversion of warrants. The warrant holder paid Rs. 29,92,49,975 (approximately Rs. 10.57 per share) as balance consideration for the conversion. The allotment was approved via board resolution passed on April 30, 2026. The company's share capital has increased from Rs. 1,24,72,20,542 to Rs. 1,27,55,18,412, reflecting a dilution of about 2.83 crore new shares. The warrants were originally allotted on October 31, 2024, approved by shareholders in the AGM held on September 27, 2024.

Likely market impact

This is a dilutive event for existing shareholders as nearly 2.83 crore new equity shares have been issued, increasing the total share count. The conversion price of around Rs. 10.57 per share indicates the price at which warrant holders converted their holdings into equity.