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Scan Steels Ltd. announced outcomes of its Board Meeting, including convening the 33rd AGM, approval of annual reports, and reclassification of authorized share capital.
Scan Steels Limited re-appointed P.A. & Associates as Internal Auditor and Ray Nayak and Associates as Cost Auditor for the financial year 2026-2027.
Scan Steels Ltd allotted 21,44,239 equity shares of Rs. 10 each following the conversion of 20,42,133 optionally convertible redeemable preference shares (OCRPS). The allotment was made to three entities, including Bayanwala Brothers Pvt Ltd, which holds a 16.36% post-allotment stake. The conversion follows a shareholder resolution dated May 14, 2025.
Scan Steels Ltd has scheduled a Board Meeting for April 27, 2026, to consider the allotment of 21,44,239 equity shares. These shares are being issued upon the conversion of existing Optionally Convertible Redeemable Preference Shares (OCRPS) previously allotted on a preferential basis.