STEEL EXCHANGE INDIA LIMITED — QIP/Rights/Pref., 30-07-2025: Allotment of Securities

Steel Exchange India Ltd. has allotted 4.96 crore equity shares on a preferential basis to non-promoter entities. These shares, with a face value of Re. 1 each, were issued at Rs. 11 per share upon conversion of warrants. The company received approximately Rs. 40.90 crore as the balance 75% subscription amount from these investors. Following this allotment, the total equity share base has expanded to 124.72 crore shares. This move significantly boosts the company's funds and will result in a proportional dilution of existing shareholdings, including that of the promoter group.