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/-.
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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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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