Sambhv Steel Tubes Limited has scheduled its 1st Extraordinary General Meeting (EGM) for FY 2026-27 on August 10, 2026, via video conference to seek shareholder approval for a fundraise of up to ₹999.97 million through the preferential allotment of fully convertible equity warrants. The meeting aims to secure approval for the issuance of up to 8,695,400 warrants at a price of ₹115 each, aggregating to a total consideration of up to ₹999,971,000. The warrants will be issued in one or more tranches and are convertible within a period of up to 18 months from the date of allotment.

Fundraising Details

The board evaluated and approved the issuance of warrants on a preferential basis for cash consideration. The issue price includes a premium of ₹105 per warrant over the face value of ₹10. The warrants carry a right to subscribe to one equity share each. An amount equivalent to 25% of the warrant price is payable at the time of allotment, with the balance due upon conversion.

The key parameters of the approved fundraising are outlined below:

Allottees and Shareholding Pattern

The warrants will be allotted to seven investors, including promoters and non-promoters. The proposed allottees include Anjaneya Minerals Private Limited (Promoter Group), Suresh Kumar Goyal (Promoter), and Vikas Kumar Goyal (Promoter). Non-promoter allottees include Bhavesh Khetan, Bikash Agrawal, Saurabh Patil, and Anu Garg.

Upon full conversion of the warrants into equity shares, the shareholding of the promoters will increase. Suresh Kumar Goyal and Vikas Kumar Goyal will see their holdings rise to 6.22% each, while Anjaneya Minerals Private Limited will hold 2.18%.

Shareholder Approval and EGM

The Notice of the EGM was sent to shareholders via email on July 16, 2026. The meeting will be held through Video Conferencing / Other Audio Visual Means provided by KFin Technologies Limited. The Board appointed Mr. Rohitash Kumar Agrawal, Practicing Company Secretary, as the scrutinizer to conduct the e-voting process.

Remote e-voting commences on August 07, 2026, at 9:00 a.m. IST and concludes on August 09, 2026, at 5:00 p.m. IST. Shareholders recorded in the Register of Members or Beneficial Owners as on the cut-off date of August 03, 2026, are entitled to vote. The detailed resolutions and information required under SEBI ICDR Regulations have been dispatched to members.

Sambhv Steel Tubes Ltd has secured shareholder approval for key board appointments and remuneration revisions through a remote e-voting process that concluded on July 10, 2026. The resolutions, which included the appointment of a new Executive Director and the elevation of the Chairman and Managing Director, were passed with the requisite majority. The voting process was scrutinized by Rohtash Kumar Agrawal, Proprietor of M/s Rohtash Agrawal & Co., who confirmed the results in a report dated July 14, 2026.

Voting Results Summary

The postal ballot sought approval for four special resolutions. The first resolution appointed Mr. Bikash Agrawal (DIN: 09231728) as an Executive Director. The second resolution approved the change in designation and appointment of Mr. Suresh Kumar Goyal (DIN: 00318141) as Chairman and Managing Director. The third and fourth resolutions concerned the revision of remuneration for Executive Directors Mr. Saurabh Patil (DIN: 11265825) and Mr. Bhavesh Khetan (DIN: 10249740), respectively.

Detailed Voting Breakdown

The remote e-voting process commenced on June 11, 2026, and ended on July 10, 2026. A total of 193,086,363 votes were polled across all resolutions, representing approximately 65.53% of the total outstanding shares. The table below summarizes the voting results for the four resolutions:

Shareholder Participation

The voting rights were reckoned as on June 05, 2026, which served as the cut-off date. There were 71,798 shareholders on record as of this date. The Promoter and Promoter Group cast 157,665,630 votes in favour of all resolutions. Public Institutional shareholders cast 8,489,874 votes, while Public Non-Institutional shareholders cast 26,930,859 votes. The votes were unblocked on July 10, 2026, at 6:47 p.m. in the presence of witnesses Rohit Sharma and Satish Gupta.

Regulatory Compliance

The results were disclosed in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. KFin Technologies Limited acted as the Registrar and Transfer Agent for the e-voting process. The Scrutinizer's Report confirmed that all resolutions were passed in a fair and transparent manner.