Steel Exchange India Ltd. Issues Corrigendum to Extraordinary General Meeting Notice
Steel Exchange India Limited announced on March 25, 2026, a corrigendum to the Notice of the 1st Extraordinary General Meeting (EGM) for Fiscal Year 2025-26. The EGM is scheduled to be held on March 30, 2026, at 11:30 a.m. IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The corrigendum addresses amendments to the Explanatory Statement, stemming from suggestions and comments received from Stock Exchanges.The changes pertain to Item No. 1 concerning the issuance of Convertible Equity Warrants to the Promoter Group and Non-Promoter Entities on a preferential basis. Specifically, updates were made to points (iii) on page 15 & 16, (xvi) on page 22, and (xxiii) on page 24.
Key Changes:
- Point (iii) on page 15 & 16: The website link for the Valuation Report has been replaced with a direct link: https://seil.co.in/uploads/9466- SEIL_Valuation_Report_1125.pdf.
- Point (xvi) on page 22: Details of individuals and entities to whom allotment on a preferential basis have already been made, including the number of securities and price, have been added. A summary of allotments is provided below:
Details of Preferential Allotments:
| Sl No. | Name | Category | No. of Equity Share Allotted |
|---|---|---|---|
| 1 | Neo Special Credit Opportunities Fund | Non- promoter | 1,32,23,636 |
| 2 | Kolluri Impex Private Limited | Non- promoter | 1,81,81,818 |
| 3 | KGR Resources LLP | Non- promoter | 1,81,81,818 |
| Total | 4,95,87,272 |
* Point (xxiii) on page 24: The website link for the Company Secretary's Certificate has been replaced with a direct link: https://seil.co.in/uploads/9767- Compliance_Certificate04032026.pdf.
The corrigendum has been sent electronically to shareholders registered with Venture Capital and Corporate Investments Private Limited or the Depositories. It is also available on the company's website at www.seil.co.in. Members are advised to review the corrigendum along with the original EGM Notice before voting.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.