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.
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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