NSEGeneral Updates1d ago · 17 Sept 2026, 05:45 pm

General Updates

Sambhv Steel Tubes Limited · SAMBHV

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Sambhv Steel Tubes Limited has informed about the general updates relating to the proposed preferential issue of 8,695,400 fully convertible equity warrants. The company has filed an In-Principle application with the Stock Exchanges for the preferential issue of fully convertible equity warrants at an issue price of ₹115/- per equity warrant, at a premium of ₹105/-.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

The Company has informed about the general updates relating to the proposed preferential issue of 8,695,400 fully convertible equity warrants.

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SAMBHAV2024_17092026174453_Regulation30_DSC__1_.pdf

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September 17, 2026 To To Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, P J Towers, Dalal Street, Bandra (East), Mumbai– 400051 Mumbai - 400 001 Symbol: SAMBHV Scrip Code: 544430 Dear Sir / Madam Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 regarding proposed preferential issue of 8,695,400 (Eight Million Six Hundred Ninety-Five Thousand Four Hundred only) Fully Convertible Equity Warrants Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform you that the Company had filed an In-Principle application with the Stock Exchanges for the preferential issue of 8,695,400 (Eight Million Six Hundred Ninety- Five Thousand Four Hundred only) fully convertible equity warrants of face value of ₹10/- (Indian Rupees Ten Rupees Only), at an issue price of ₹115/- (Indian Rupees One Hundred and Fifteen Only) per equity warrant, at a premium of ₹105/- (Indian Rupees One Hundred and Five Only). Further, in reference to the observations raised by the National Stock Exchange (“NSE”) in connection with the said application, the Company wishes to place the following clarifications on record for the information of shareholders: 1. Reference to Regulation 166A of SEBI ICDR Regulations: The Notice of Extra-Ordinary General Meeting dated July 16, 2026, contains a reference to Regulation 166A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The Company clarifies that Regulation 166A is not applicable to the present preferential issue, as the proposed allotment does not result in any change in control and does not exceed 5% of the post-issue fully diluted share capital. 2. Clarification on Volume Weighted Average Price (VWAP): The Notice of Extra-Ordinary General Meeting dated July 16, 2026, states the 90 trading days Volume Weighted Average Price (“VWAP”) as ₹112 per equity share of the Company quoted on NSE and the 10 trading days VWAP as ₹114 per equity share of the Company quoted on NSE. In this regard, the Company wishes to clarify that the actual VWAP for the 90 trading days is ₹112.18 per equity share, which was rounded off to ₹112 per equity share and the actual VWAP for the 10 trading days is ₹114.33 per equity share, which was rounded off to ₹114 per equity share, as disclosed in the EGM Notice. The aforesaid values were determined in accordance with the applicable pricing methodology. It is further clarified that the issue price of ₹115 per warrant, as mentioned in the Notice, remains unchanged. We request you to kindly take the above clarification on record. The same shall be available on the Company’s website i.e. www.sambhv.com. Thanking you, For, Sambhv Steel Tubes Limited Niraj Shrivastava (Company Secretary and Compliance Officer) Membership No. F8459