Steel Exchange India Limited to Hold Extraordinary General Meeting on March 30, 2026
Steel Exchange India Limited announced details regarding its forthcoming Extraordinary General Meeting (EGM) of its shareholders. The EGM is scheduled for Monday, March 30, 2026, at 11:30 A.M. (IST) and will be conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM).The company's announcement centers on the proposed issuance of Convertible Equity Warrants. This follows a query received from the National Stock Exchange (NSE) regarding the in-principle approval of 36,14,60,300 Convertible Share Warrants.
During the EGM, members are asked to take note of an amendment concerning the issuance of Convertible Equity Warrants to the Promoter Group of the Company and Non-Promoter Entities on a preferential basis.
The company also provided important clarification regarding the valuation materials. A revision was made to the Valuation Report to correct an inadvertent error found on page 41. Previously, the report had incorrectly stated a 'value per share after 10% discount for being unlisted.' This error has been removed in the revised valuation report.
STEELXIND Stock Price Movement
Today, shares of STEEL EXCHANGE INDIA LIMITED edged higher to close at ₹8.97, gaining 1.24% for the session. The stock saw robust activity, with 1.23 million shares traded throughout the day.Source:
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