Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Meeting Details

The Annual General Meeting is scheduled to be held on Thursday, October 01, 2026, at 10:00 A.M (IST) at Supreme Special Steels, Village Vihari, Opp. Khopoli Railway station, Khopoli - 410203, Maharashtra, India.

Summary of Proposed Resolutions and Implications

The corrigendum modifies Item No. 5 (issue of equity shares) and Item No. 6 (issue of convertible warrants) of the AGM notice:

Key Changes to Item No. 5 (Equity Shares):

  • Replacement of 9 ineligible allottees who were disqualified under Regulations 159 and 167 of SEBI ICDR Regulations
  • New list of 16 allottees for 5,07,50,000 shares at ₹2.60 per share (₹1.60 premium)
  • Total issue size remains unchanged: 28,09,70,000 equity shares raising ₹73,05,22,000

New Allottees for Equity Shares (Table 2):

1. Ashish Kacholia - 3,20,00,000 shares (₹8,32,00,000)

2. Gautam Udani - 45,00,000 shares (₹1,17,00,000)

3. Prashant Sanghvi - 25,00,000 shares (₹65,00,000)

4. Farah Shapur Dilkhush - 25,00,000 shares (₹65,00,000)

5. Nikesh K Shah Jointly with Falguni N Shah - 15,00,000 shares (₹39,00,000)

6. Smriti Amar Hemrajani - 15,00,000 shares (₹39,00,000)

7. Anand Loya - 12,50,000 shares (₹32,50,000)

8. Mitul Prafulbhai Mehta - 9,50,000 shares (₹24,70,000)

9. Heetaben Amar Maurya - 9,50,000 shares (₹24,70,000)

10. Manan Khemka - 5,00,000 shares (₹13,00,000)

11. Ronak Dharmesh Chavda - 5,00,000 shares (₹13,00,000)

12. Incipience Dealers LLP - 5,00,000 shares (₹13,00,000)

13. Yash Manoj Bajaj - 4,00,000 shares (₹10,40,000)

14. Prakshal Jain (Ascendra Investments) - 4,00,000 shares (₹10,40,000)

15. Manoj S Bajaj - 4,00,000 shares (₹10,40,000)

16. Kanta Anil Jain - 4,00,000 shares (₹10,40,000)

Objects of the Preferential Issue (₹110.7522 crore):

1. Settlement of Bank Dues under OTS: ₹34.00 crore (to be utilized within one month)

2. Repayment of Unsecured Loans: ₹12.00 crore (to be utilized within one month)

3. Working Capital Requirements: ₹39.7522 crore (to be utilized within six months)

4. General Corporate Purposes: ₹25.00 crore (to be utilized within six months)

Voting Process and Methods

The AGM notice was originally dispatched to shareholders on September 9, 2026. The corrigendum has been electronically dispatched to members whose email addresses are registered with the Company/Depository Participants on September 25, 2026. The resolution for preferential issue requires special resolution approval.

Compliance with Laws and Regulations

The document confirms compliance with:

  • Companies Act, 2013 and rules thereunder
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA Circulars and stock exchange requirements

Additional Information

The complete list of 79 allottees (including promoters and public categories) with their investment amounts and post-issue shareholding percentages is provided in the detailed tables. The floor price relevant date is fixed as September 01, 2026 (30 days prior to AGM). Equity shares will be locked in as per SEBI ICDR Regulations and allotted in dematerialized form within 15 days of resolution approval.

The corrigendum is available on the company's website at https://supremesteels.com/ and forms an integral part of the original AGM notice.