Steel Exchange India allotted 2,82,97,870 equity shares upon conversion of warrants to a non-promoter group investor.
The company received ₹29.92 crore as the balance consideration for the warrant conversion exercise.
The allotment increases the company's paid-up share capital from ₹124.72 crore to ₹127.55 crore.
The board approved the allotment via circulation resolution on April 30, 2026, following shareholder approval from September 2024.