BSECompany Update2d ago · 30 Jul 2026, 01:18 am

The Company has informed the exchange regarding clarification to the Corrigendum dated July 28, 2026.

Sambhv Steel Tubes Ltd · 544430

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Sambhv Steel Tubes Ltd clarifies the Corrigendum dated July 28, 2026, to the Extraordinary General Meeting Notice, providing details on the utilization of issue proceeds for the Preferential Issue.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment6/10

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Sambhv Steel Tubes Ltd - 544430 - Clarification To The Corrigendum Dated July 28, 2026, To The Extraordinary General Meeting Notice

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July 30, 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 Subject: Clarification to the Corrigendum dated July 28, 2026, to the Extraordinary General Meeting Notice Dear Sir/Madam, This is with reference to Notice of Extraordinary General Meeting (“EGM Notice”) of Sambhv Steel Tubes Limited (“the Company”) dated July 16, 2026, which was issued to the Shareholders of the Company and ongoing e-voting available from Friday, August 07, 2026, at 9:00 a.m. (IST) to Sunday, August 09, 2026, at 5:00 p.m. (IST) in due compliance with the provisions of the Companies Act, 2013, and Rules made thereunder, read with the Circulars issued by the Ministry of Corporate Affairs and Securities Exchange Board of India. The Company had issued a Corrigendum dated July 28, 2026, in continuation of the Notice of Extraordinary General Meeting dated July 16, 2026. A reference is drawn to Point No. (vi) of Item No. 1 of the Explanatory Statement titled "Purpose/Objects of the Issue and aggregate amount proposed to be raised". It is hereby clarified that the amounts set out in the table under the said point are in “₹ Millions”. For ease of reference the relevant table is reproduced below: The issue proceeds shall be utilized towards the following objects of the Preferential Issue Sr Particulars Estimated Estimated No Amount to be timeline for funded from utilization of Net Net Proceeds Proceeds (In ₹ Millions) 1 To fund the capital expenditure for the 250.00 Within 6 months proposed capacity expansion or establishment from the date of of a new manufacturing facility located at allotment of Sarora & Kuthrel Units of the Company, Equity Shares including land and related infrastructure, plant and machinery, utilities, and other associated project costs, as may be approved by the Board of Directors (including any duly constituted committee thereof) from time to time, in accordance with the applicable provisions of law. 2 To meet the incremental working capital 200.00 Within 6 months requirements of the Company arising from the from the date of growth and expansion of its business, allotment of including funding operational expenses, Equity Shares purchase of inventory and raw materials, and other day-to-day business requirements. 3 Investment in Sambhv Tubes Limited* by way 50.00 Within 6 months of an unsecured loan for funding its capital from the date of expenditure towards expansion of allotment of manufacturing facilities. Equity Shares 249.99 Within 12 months from the date of allotment of the Fully Convertible Equity Warrant Sr Particulars Estimated Estimated No Amount to be timeline for funded from utilization of Net Net Proceeds Proceeds (In ₹ Millions) 4 General corporate purposes** 249.97 Within 6 months from the date of allotment of Equity Shares Total 999.97 *Sambhv Tubes Limited (formerly known as Sambhv Tubes Private Limited) is Wholly Owned Subsidiary of the Company. **The amount allocated towards General Corporate Purposes has been rounded down and is within the limit of 25% of the gross proceeds of the Issue prescribed under the SEBI ICDR Regulations. The Corrigendum dated July 28, 2026, be read with this clarification. Except as stated above, all other contents of the Corrigendum dated July 28, 2026, and the Notice of Extraordinary General Meeting along with the Explanatory Statement dated July 16, 2026 shall remain unchanged. This Clarification will also be available on the Company's website at https://www.sambhv.com/investor-information.php. Thanking you, Yours faithfully, For Sambhv Steel Tubes Limited Niraj Shrivastava Company Secretary & Compliance Officer Membership Number: F8459