Committee updates proposed recipients for 98 lakh warrants
SURANI · price
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The committee replaced Raghav Agarwal with Raghav Garg and Shubham Agarwal with Savita Singh, with 100,000 warrants each. Other terms remain unchanged: up to 98,000,000 warrants at Rs 102 each, for total proceeds of Rs 99.96 crore. Himani Steels Private Limited will get 62,030,000 warrants, while 35,970,000 are proposed for public investors. Shareholders will consider the revised list on October 30, 2026.
The issue could raise Rs 99.96 crore, but warrant conversion may dilute existing shareholders; shareholder and regulatory approvals remain pending.