MSP Steel shareholders approve convertible warrants issuance

MSP Steel & Power Limited announced that shareholders overwhelmingly approved a special resolution to issue convertible warrants on a preferential allotment basis during its extraordinary general meeting (EGM) held on December 12, 2025. The resolution passed with 99.9996% of votes cast in favor, totaling 355,859,779 votes. Only 1,269 votes, representing 0.0004% of the total, were cast against the resolution.

The voting process, encompassing both remote e-voting and voting at the EGM, involved 104 valid folios. Of these, 102 folios voted remotely, while two voted at the EGM. The total number of shares voted was 355,861,048, with 355,861,044 shares voted through remote e-voting and four shares voted at the EGM.

The e-voting period was open from December 9, 2025, to December 11, 2025. The results, as detailed in the scrutinizer's report by Bajaj Todi & Associates, confirm that the resolution was passed as a special resolution.