Surani Steel Tubes revises allottees for up to Rs. 99,96,00,000 warrant issue
Key highlights
- Board on October 7, 2026 approved up to 98,00,000 Fully Convertible Warrants at Rs. 102/- each, aggregating up to Rs. 99,96,00,000/-, subject to shareholder and regulatory approval
- On October 23, 2026 the Preferential Issue Committee replaced Raghav Agarwal with Raghav Garg and Shubham Agarwal with Savita Singh, 1,00,000 warrants each; other terms unchanged
- Committee approved a corrigendum to the EGM notice for October 30, 2026 and updated allottee shareholding using the BENPOS dated October 16, 2026
Why it's rated notable: not yet binding (letter of intent, proposal or subject to approvals)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Committee Meeting Updates
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More from Surani Steel Tubes
- Board / shareholder meeting outcomeNotableSurani Steel Tubes Ltd holds EGM and passes three resolutions unanimously on Oct 30, 2026
- Fundraise / allotmentNotableSurani Steel Tubes Ltd proposes preferential issue of 98 lakh convertible warrants
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.