SBC Exports Cancels ₹99.06 Crore Promoter Preferential Issue

The Board cancelled the proposed preferential issue of 27,516,513 shares at ₹36 each, intended to convert ₹99.06 crore of promoter-group unsecured loans into equity. The termination, attributed to procedural and regulatory complexities, removes the planned debt reduction and promoter equity infusion.