MSP Steel & Power Limited — Important, 10-04-2025: General Updates

MSP Steel & Power Limited has received in-principle approval from the National Stock Exchange (NSE) for the listing of 1,17,75,380 equity shares and 61,48,371 equity shares, both issued at a nominal value of Rs. 10 each. These shares were allotted based on the conversion of optionally convertible debentures issued on a preferential basis. The approval letters indicate that the shares will be listed once confirmation is received from the depositories for crediting beneficiaries' accounts. The listing approval from the Bombay Stock Exchange (BSE) has also been communicated earlier. This development marks a significant step in the company’s efforts to enhance its equity position, potentially improving liquidity and attracting investors.