Sambhv Steel Tubes Fund Raise of ₹440 Cr
Sambhv Steel Tubes Ltd submitted its IPO proceeds utilization report for Q4 FY26. Total proceeds of ₹440 Crore have been largely deployed as per specified objects.
- Value
- ₹440.0 Cr
ALFA Filings
Every announcement, straight from the exchange
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Announcement type
Time
38 announcements
Sambhv Steel Tubes Ltd submitted its IPO proceeds utilization report for Q4 FY26. Total proceeds of ₹440 Crore have been largely deployed as per specified objects.
Sambhv Steel Tubes Limited appointed Shashank Goyal as Senior Management Personnel following Mayank Agarwal's resignation. The leadership transition ensures continuity in the company's steel industry operations.
Sambhv Steel Tubes approved the redesignation of Suresh Kumar Goyal as Chairman cum Managing Director. The board also appointed Bikash Agrawal and new auditors.
Mr. Mayank Agrawal resigned as AVP - CEO's Office & Investor Relations at Sambhv Steel Tubes. His resignation is effective from May 31, 2026.
Sambhv Steel Tubes Ltd reported revenue from operations of ₹685.3 Cr (+38.4% YoY) and net profit of ₹53.3 Cr (+221.1% YoY) for Q4 FY26.
Sambhv Steel Tubes approved audited FY26 results and a ₹200 Crore capacity expansion project. These investments aim to strengthen operational efficiency by December 2027.
Sambhv Steel Tubes Limited has scheduled a Board Meeting for May 09, 2026. The board will primarily consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Sambhv Steel Tubes Limited announced a temporary 15-day closure of its Sarora manufacturing unit from May 1 to May 15, 2026. The shutdown for scheduled maintenance includes a 15 MW power plant, 300 TPD kiln, and 3 furnaces. The company has made inventory arrangements to meet requirements during this non-operational period.