Announced Mon, 22 Jun · 15:46 IST
Board to consider raising up to Rs 50 Cr via preferential issue
Board & Shareholder Meetings View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.7%1-day move
₹60.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+6.7+8.3—+11.7——————
Up moveDown movePending
AI summary
Steelman Telecom's board will meet on 29 June 2026 to consider raising up to Rs 50 Crores through equity, convertible warrants, or eligible securities on a preferential basis to promoters and select non-promoters, subject to shareholder and stock exchange approvals. The board will also convene an EGM, fix the cut-off and book closure dates, and appoint a scrutinizer for EGM voting.
Likely market impact
Potential equity dilution from preferential issue of up to Rs 50 Cr. Watch stock for movement on fund raise news; EGM approval still required.