MSP Steel & Power Limited has announced significant equity share acquisitions by two promoter group entities through open market purchases in February 2026. The company disclosed these transactions in compliance with SEBI Insider Trading Regulations, highlighting substantial investments by key stakeholders.

Share Acquisition Details

The promoter group entities completed strategic purchases totaling 18,30,000 equity shares with a combined value of ₹5.83 crore. These transactions were executed on February 24 and 25, 2026, demonstrating systematic accumulation by the promoter group.

Shareholding Changes

Both entities witnessed meaningful increases in their equity stakes following these acquisitions. The transactions reflect the promoter group's continued commitment to increasing their ownership in the company.

Sampat Marketing Company Pvt Ltd

Ilex Private Limited

Regulatory Compliance

The company submitted the required disclosures under Regulation 7(2) read with Regulation 6(2) of SEBI Insider Trading Regulations, 2015. Company Secretary and Compliance Officer Shreya Kar filed the necessary Form C documents with both NSE and BSE on March 2, 2026. The disclosures were made within the prescribed timeframes, with intimation to the company received on February 26, 2026.

Market Execution

All transactions were conducted through open market purchases on NSE at prevailing market prices. The acquisitions demonstrate active participation by promoter group entities in the secondary market, with Sampat Marketing Company Pvt Ltd making the larger purchase of 9,30,000 shares valued at ₹2.95 crore, while Ilex Private Limited acquired 9,00,000 shares worth ₹2.88 crore.

MSP Steel & Power Limited has secured in-principle approval from both major Indian stock exchanges for a significant warrant issue. The company announced on February 28, 2026, that it has received approval to issue 2,80,00,000 warrants convertible into equity shares to promoters on a preferential basis.

Warrant Issue Details

The approved warrant issue carries specific terms and conditions that outline the structure of this corporate action:

Exchange Approvals

Both NSE and BSE have granted their in-principle approval for this warrant issue, with specific reference numbers and dates:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. This regulation mandates companies to inform stock exchanges about material events and corporate actions that could impact investor decisions.

MSP Steel & Power has submitted the approval letters from both exchanges for record-keeping purposes. Company Secretary and Compliance Officer Shreya Kar signed the disclosure document, ensuring proper authorization and compliance with regulatory requirements.

Corporate Action Significance

This preferential warrant issue to promoters represents a structured approach to capital raising. The warrants provide promoters with the option to convert into equity shares at the predetermined price, offering flexibility in timing the actual equity infusion based on market conditions and company requirements.