Investor Update: Extraordinary General Meeting Scheduled

10 January 2025

Madhur Iron & Steel (India) Limited (formerly known as Madhur Iron & Steel (India) Private Limited) has announced the scheduling of an Extraordinary General Meeting (EGM) to deliberate on key strategic and operational matters.

Details of the Meeting:

• Date: Saturday, January 18, 2025
• Time: 2:00 PM
• Location: Registered Office at 21/A, Light Industrial Area, Durg, Bhilai, Chhattisgarh - 490026

Agenda Highlights:

1. Equity Issuance: Consideration of a proposal to issue equity shares worth ₹36 Cr at a pre-money valuation of ₹132Cr on a private placement basis at ₹200 per share (inclusive of a ₹190 premium).
   
   
2. Borrowing Authorization: Approval to increase borrowing limits up to ₹500 crore, exceeding the company’s paid-up capital and free reserves.
   
   
3. Security Creation: Authorization for creating charges or mortgages on company properties to secure loans and borrowings.
   
   
4. Director Appointments: Regularization of Ms. Shikha Jain as an Independent Director and Mr. Gopal Krishna Agrawal as a Non-Executive Director.

The proposed resolutions reflect the company’s commitment to strengthening its financial framework and governance. Investors are encouraged to review the agenda and participate in the meeting to support these strategic initiatives.

For further details, please refer to the official notice issued by the company.