Date: October 16, 2026
Shareholder Communication
The Company has issued this letter to shareholders in connection with the 39th Annual General Meeting (AGM) held on Thursday, October 1, 2026, at 10:00 A.M. (IST) at Supreme Special Steels, Village Vihari, Opp. Khopoli Railway Station, Khopoli – 410203.
Regulatory Compliance Clarification
The Company received an observation from National Stock Exchange of India Limited (NSE) dated October 14, 2026, seeking clarification regarding the reason for obtaining a valuation report from a Registered Valuer for the proposed preferential issue of securities.
The Company clarifies that Regulation 166A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) requires obtaining a valuation report from an independent Registered Valuer in cases involving:
- Change in control
- Allotment exceeding 5% of the post-issue fully diluted share capital to a single allottee or to allottees acting in concert
The valuation report is required to be considered for determining the issue price, wherever applicable.
Preferential Issue Details
The proposed preferential issue to the respective allottee(s), individually or collectively with persons acting in concert, exceeds 5% of the post-issue fully diluted share capital of the Company. The valuation report was obtained to ensure compliance with applicable regulatory requirements.
Shareholder Guidance
Shareholders are requested to read this communication along with the original Notice of the 39th AGM and the Corrigendum to the Notice of the 39th AGM dated September 25, 2026. This letter is issued solely to provide clarification regarding the valuation report, and all other terms and contents of the original AGM notice and corrigendum remain unchanged.