Sambhv Steel Tubes Appoints CARE as Monitoring Agency

Date: October 06, 2026

Board Meeting Outcomes

• The company has appointed CARE Ratings Limited (CARE) as the Monitoring Agency for monitoring the utilisation of proceeds raised pursuant to the preferential issue of warrants
• The appointment was made on October 6, 2026
• The appointment follows shareholder approval obtained on August 10, 2026
• The total issue proceeds amount to ₹99,99,71,000/- (approximately ₹100 crore)

Financial Implications

• The monitoring agency appointment relates to proceeds of ₹99,99,71,000 from preferential warrant issue
• The funds are subject to monitoring for proper utilization as per regulatory requirements