Scan Steels Receives BSE In-Principle Approval for Preferential Issue

Scan Steels Limited received in-principle approval from BSE for a preferential issue of 20.42 lakh optionally convertible preference shares.
The OCRPS will convert into 21.44 lakh equity shares at ₹57.12 per share to both promoters and non-promoters.
The company submitted its listing application for the resultant equity shares to BSE on May 12, 2026.
BSE's approval is conditional on compliance with SEBI ICDR and LODR regulations and strengthening internal controls.