Surani Steel Tubes Expands Proposed Warrant Fundraise To ₹100 Crore

Board raised preferential warrants issue to up to 98L warrants at Rs102 for up to Rs100Cr vs Rs85Cr earlier, to promoter-group and public allottees; hiked authorised capital to Rs26Cr. Upsizes pending preferential round and names allottees, with promoter-group entity taking majority; third warrants round funding planned capacity expansion; dilution and control shift material. On full conversion promoter holding rises to 43.39% from 30.84%; 18-month conversion, subject to shareholder nod; use of proceeds, capex link not disclosed.