Sambhv Steel Tubes Approves ₹100 Crore Preferential Warrant Issue

Key Decisions Approved

1. Fundraising via Preferential Warrant Issue: The Board approved raising funds through preferential issue of up to 8,695,400 Fully Convertible Equity Warrants with face value of ₹10 each at an issue price of ₹115 per warrant (including premium of ₹105 per warrant). The aggregate consideration will be up to ₹999,971,000 (approximately ₹100 crore).

2. Extraordinary General Meeting: Approved convening the 1st Extraordinary General Meeting for FY 2026-2027 on Monday, August 10, 2026, at 11:30 AM through Video Conference/Other Audio Video Means at the registered office.

3. Scrutinizer Appointment: Appointed Mr. Rohtash Kumar Agrawal, Proprietor of M/s. Rohtash Agrawal & Co., Practicing Company Secretary (Membership No. F-5537, COP No. 4015) as Scrutinizer for the e-voting process.

Warrant Details

• Type: Fully Convertible Equity Warrants convertible into equity shares of face value ₹10 each
• Issue Type: Preferential allotment for cash consideration
• Total Quantity: Up to 8,695,400 warrants
• Issue Price: ₹115 per warrant (₹10 face value + ₹105 premium)
• Tenure: Up to 18 months from date of allotment
• Conversion Terms: Each warrant carries right to subscribe to 1 equity share
• Payment Structure: 25% of warrant price payable upfront at allotment, balance 75% payable at time of conversion
• Lapse Condition: Unexercised warrants after 18 months will lapse with forfeiture of amount paid

Proposed Allottees

The warrants will be allotted to 7 investors:

1. Anjaneya Minerals Private Limited - Promoter Group

2. Suresh Kumar Goyal - Promoter

3. Vikas Kumar Goyal - Promoter

4. Bhavesh Khetan - Non-Promoter

5. Bikash Agrawal - Non-Promoter

6. Saurabh Patil - Non-Promoter

7. Anu Garg - Non-Promoter

Shareholding Impact

Post-allotment shareholding assuming full conversion:

• Anjaneya Minerals Private Limited: 6,608,600 shares (2.18% of total equity)
• Suresh Kumar Goyal: 18,884,050 shares (6.22% vs pre-issue 6.29%)
• Vikas Kumar Goyal: 18,884,050 shares (6.22% vs pre-issue 6.29%)
• Bhavesh Khetan: 5,014,460 shares (1.65% vs pre-issue 1.58%)
• Bikash Agrawal: 347,800 shares (0.11%)
• Saurabh Patil: 347,800 shares (0.11%)
• Anu Garg: 433,806 shares (0.14% vs pre-issue 0.03%)

Approvals Required

The proposal is subject to approval of members of the Company and receipt of statutory, regulatory and other approvals as required under applicable laws.

Meeting Details

The Board meeting commenced at 12:30 PM and concluded at 1:46 PM on July 15, 2026.

Additional Information

The detailed resolutions and notice of Postal Ballot will be dispatched shortly. The information is available on the company website at https://www.sambhv.com/investor-information.php.