Steel Exchange India allotted 4.4 crore convertible warrants to non-promoters and promoter group entities at ₹9.45 per warrant.
The allotment follows shareholder approval on March 30, 2026, and exchange in-principle approval on April 17, 2026.
Warrants are convertible into equity shares within 18 months upon payment of remaining 75% subscription amount.
No immediate change in paid-up equity share capital as only warrants were allotted, not shares.