Shareholders meeting

MSP Steel & Power Limited has called an Extraordinary General Meeting (EGM) on July 14, 2026, to approve a special resolution regarding the utilization of funds. The company proposes to reallocate INR 73.50 crore from a preferential issue of convertible warrants (issued to a promoter group entity). These funds were originally designated for unsecured debt repayment but will now be used to fund the company's working capital requirements. This change implies a shift in financial strategy from deleveraging towards improving operational liquidity.