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Sambhv Steel Tubes shareholders approved equity warrants for subsidiary investment and expansion
10-Aug-2026, 09:38
Sambhv Steel Tubes Limited convened its 01st Extraordinary General Meeting on Monday, August 10, 2026, via video conference, where shareholders approved a special resolution for the issuance of fully convertible equity warrants on a preferential basis to promoters, promoter group, and non-promoter categories, with proceeds intended for investment in a subsidiary, capital expenditure, project expansion, incremental working capital requirements, and general corporate purposes. Manoj Khetan, Independent Director and Chairman of the Audit Committee, chaired the meeting in place of Suresh Kumar Goyal, and Rohtash Kumar Agrawal of M/s. Rohtash Agrawal & Co was appointed as the scrutinizer for the voting process.
Sambhv Steel Tubes Limited convened its 01st Extraordinary General Meeting on Monday, August 10, 2026, via video conference, where shareholders approved a special resolution for the issuance of fully convertible equity warrants on a preferential basis to promoters, promoter group, and non-promoter categories, with proceeds intended for investment in a subsidiary, capital expenditure, project expansion, incremental working capital requirements, and general corporate purposes. Manoj Khetan, Independent Director and Chairman of the Audit Committee, chaired the meeting in place of Suresh Kumar Goyal, and Rohtash Kumar Agrawal of M/s. Rohtash Agrawal & Co was appointed as the scrutinizer for the voting process.