Surani Steel Tubes Limited — Important, 03-01-2025: Updates

The Preferential Issue Committee of Surani Steel Tubes Limited has approved the allotment of 90,000 fully paid equity shares, resulting from the conversion of warrants into shares. These shares were allotted to three non-promoter individuals: Ms. Nupur Jain (50,000 shares), Mr. Sartaj Mehta (30,000 shares), and Mr. Shubham Biyani (10,000 shares). Following this allotment, the company’s paid-up equity share capital has increased to Rs. 15,54,80,360, comprising 1,55,48,036 equity shares of Rs. 10 each. The shares have been issued at an issue price of Rs. 135 per share, with the allocation marking a positive step in enhancing the company’s capital structure. Investors should note this development as it may signal strong interest from public investors and potential growth in shareholding dynamics.