Ahmedabad Steelcraft Ltd — Updates, 26-06-2025: Company Update

Ahmedabad Steelcraft Limited has announced a board meeting during which it approved the allotment of 54.5 lakh equity shares at Rs.72 each (including Rs.62 premium) following the conversion of an equal number of convertible warrants. These shares were issued on a preferential basis to both Promoter and Non-Promoter groups, increasing the promoter holding to 62.61%. This capital infusion strengthens the company’s equity base, potentially supporting future growth and operational needs.