News

Steelman Telecom Limited, formerly Steelman Telecom Private Limited, announced that its board of directors approved the issuance of 28,23,800 fully convertible warrants on a preferential basis to five investors, including promoters Mahendra Bindal, Mayank Bindal, Deep Shikha Bindal, and Saloni Bindal, and Aumit Capital Advisors Limited. The warrants will be issued at a price of Rs 70 each, with a total consideration of Rs 19,76,66,000, and are convertible into an equivalent number of equity shares within 18 months.

Steelman Telecom Limited, formerly Steelman Telecom Private Limited, will close its Register of Members and Share Transfer Books from Sunday, September 13, 2026, to Saturday, September 19, 2026, for its Annual General Meeting scheduled to be held on Saturday, September 19, 2026, at 12:00 Noon (IST).

Steelman Telecom Limited, formerly Steelman Telecom Private Limited, will consider raising funds of up to Rs 50 crore through the issuance of equity, convertible share warrants, or other eligible convertible securities on a preferential basis to promoters and a select group of non-promoters, according to a regulatory filing on August 12, 2026. The company’s board of directors is scheduled to meet on August 20, 2026, to approve the proposal, which is subject to shareholder and stock exchange approval. Additionally, the board will also address matters related to the company’s 23rd Annual General Meeting, including the re-appointment of directors and the approval of the Director’s Report.

Steelman Telecom has cancelled the board meeting which was scheduled to be held on 29 June 2026.

Steelman Telecom will hold a meeting of the Board of Directors of the Company on 29 June 2026.