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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Steelman Telecom's Board met on 18 February 2026 and approved raising the Authorised Share Capital from Rs. 11 crore to Rs. 12.5 crore (about a 13.6% increase), creating room for an additional 15 lakh equity shares of Rs. 10 each, subject to shareholder approval. The Board also cleared Material Related Party Transactions, which similarly require member approval. An Extra-Ordinary General Meeting (EGM) has been scheduled for Thursday, 19 March 2026 at 12:00 noon at the company's Kolkata registered office. A Practicing Company Secretary, Mr. Saurabh Basu, has been appointed as Scrutinizer for the remote e-voting and voting process at the EGM.
Shareholders should review the proposed Authorised Share Capital hike and the Material Related Party Transactions before voting at the 19 March 2026 EGM. Authorised capital expansion itself does not dilute existing holders, but it may pave the way for a future equity raise that could.