Scan Steels Ltd — Updates, 22-04-2025: Company Update

Scan Steels Limited has published a corrigendum to its previously issued Postal Ballot Notice to clarify details regarding its proposed preferential issue. Key changes include adjustments to the identity and ownership of ultimate beneficial owners related to the issued OCRPS, but these modifications do not affect the overall shareholding structure or the resolutions being put to vote. The corrigendum will be published in the Financial Express and Pratahkal newspapers and made available on the company’s website.

This update reinforces transparency in equity ownership, potentially enhancing investor confidence, while maintaining existing resolutions' integrity. Overall investor sentiment may remain neutral as the core governance aspects appear unchanged.