Sambhv Steel Tubes Limited has received environmental clearance for its proposed Unit-3 expansion project located in Village Sarora, Tehsil Tilda, District Raipur, Chhattisgarh. The Ministry of Environment, Forest and Climate Change (MoEF&CC) granted the clearance on August 11, 2026, under the provisions of the EIA Notification, 2006, as amended.

The approval is critical for the implementation of a greenfield project that includes the production of ferro alloys through four submerged arc furnaces (SAF), each rated at 18 MVA, alongside a 60 MW fluidised bed combustion (FBC)-based captive power plant (CPP). The project falls under Category “A” of the EIA Notification, specifically Schedule 3(a) for metallurgical industries and Schedule 1(d) for thermal power plants.

Project Details and Investment

The environmental clearance constitutes a prior regulatory requirement for the project, which was initially approved by the company’s Board of Directors in a meeting held on May 9, 2026. The Board had sanctioned the setting up of a 30 MW captive power plant with a proposed investment of ₹1,500 million. The current clearance expands the scope to include ferro alloy production and increases the captive power capacity to 60 MW.

The clearance is subject to specific and general conditions stipulated by the MoEF&CC and other applicable statutory approvals. The EC letter does not state a separate fixed validity period but remains valid subject to the provisions of the EIA Notification, 2006, as amended.

Regulatory Compliance

This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also provided additional disclosures as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the granting of key licenses or regulatory approvals. The full disclosure is available on the company’s website.

Sambhv Steel Tubes Limited shareholders approved a special resolution to issue fully convertible equity warrants on a preferential basis to persons belonging to the Promoters, Promoter Group, and/or Non-Promoter Category. The resolution was passed during the company's Extra-Ordinary General Meeting (EGM) held on August 10, 2026, via Video Conferencing and Other Audio Visual Means (OAVM).

The voting process, scrutinized by Rohtash Agrawal & Co., saw robust participation from both promoter and public shareholders. A total of 173,676,963 votes were cast, representing approximately 58.94% of the outstanding shares as on the record date of August 3, 2026.

Voting Breakdown

The special resolution required approval from disinterested shareholders, as the promoters were interested in the agenda. The voting results highlight near-unanimous support across all categories:

Promoters held 165,329,292 shares as on the record date and cast 139,122,942 votes in favour, representing an 84.15% participation rate among their holdings. No votes were cast against the resolution by the promoter group.

Public institutional shareholders, holding 14,182,550 shares, participated with 85,16,889 votes, all in favour. Non-institutional public shareholders, holding 115,159,587 shares, cast 26,037,132 votes, with 26,035,512 in favour and only 1,620 against.

What the Numbers Show

The divergence between promoter participation and total holding is notable. While promoters hold over 56% of the equity base (165,329,292 shares out of 294,671,429 total shares), their voting participation was 84.15% of their holdings. In contrast, public non-institutional shareholders showed a lower participation rate relative to their holding size, casting votes equivalent to roughly 22.6% of their total shares. Despite this difference in engagement levels, the consensus on the warrant issuance was nearly absolute, with dissent limited to just 0.01% of the total valid votes cast.

The EGM was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. Kfin Technologies Limited served as the electronic voting service provider for the remote e-voting and poll voting processes.