Scan Steels Ltd — Board Meeting, 14-04-2025: Board Meeting

SCAN STEELS LTD. has announced a board meeting outcome, approving the issuance of 20,42,133 Optionally Convertible Redeemable Preference Shares (OCRPS) through private placement. This move is aimed at converting existing Non-Convertible Redeemable Preference Shares as part of its strategic financial restructuring. A Postal Ballot notice has been approved, with remote e-voting set to open on April 15, 2025, and close on May 14, 2025, which may positively influence shareholder engagement and participation. Investors may view this as a signal of the company’s proactive measures in enhancing capital structure and ensuring investor involvement, fostering a favorable sentiment.