Surani Steel Tubes Approves ₹85 Crore Preferential Warrant Issue At ₹102

Board approved preferential fully convertible warrants up to 85 Cr at Rs102 per share and name change to Singlon Ltd; EGM on Oct 30 2026 for approvals. Resolves pending preferential proposal; third equity-linked event after earlier warrants fully converted. Allottees, use for capacity plan and pricing basis awaited. Dilution overhang and funding clarity now key; issue tranches, allottee mix, dilution quantum, capex allocation and name-change approvals/rationale undisclosed.