Steel Exchange India allotted 31.75 crore convertible warrants to non-promoters at ₹9.45 per warrant.
Allottees India Coke & Power and IMR Steel each received 15.87 crore warrants, paying 25% upfront.
Warrants are convertible within 18 months from April 20, 2026, with no immediate equity capital change.
Allotment follows shareholder approval on March 30, 2026, and exchange approvals on April 17, 2026.