MSP Steel & Power Limited — Board Meeting, 31-03-2025: Outcome of Board Meeting

The Board has announced a meeting to approve the conversion of 46,71,272 equity shares from outstanding Optionally Convertible Debentures (OCDs) held by Bank of Baroda. The shares will be allotted at a price of Rs. 40.50 each, raising the company’s issued and paid-up capital to Rs. 566.80 crore. This move reflects the strategic shift towards equity financing and may strengthen the company’s capital structure. The shares will rank equally with existing equity, enhancing shareholder value and liquidity in the market.