CARE Ratings appointed as Monitoring Agency for preferential warrant issue proceeds

Sambhv Steel Tubes has appointed CARE Ratings Ltd as Monitoring Agency for its preferential issue of warrants.

Tue 6 Oct 2026

Issue Proceeds

₹99,99,71,000

Shareholder Approval Date

August 10, 2026

Monitoring Agency Appointed

CARE Ratings Ltd

Monitoring agency appointed

The company has appointed CARE Ratings Limited (CARE) as the Monitoring Agency for monitoring the utilisation of the proceeds raised pursuant to the preferential issue of warrants. The appointment date stated in the update is October 6, 2026.

What a monitoring agency does

• It is an independent agency that watches how money raised from investors is actually used.
• It tracks whether the funds go towards the stated purpose and reports on the utilisation.
• Such an appointment is linked to fund-raising through a preferential issue.

The amount involved

• The update states the issue proceeds at ₹99,99,71,000.

Where the approval stands

• The preferential issue of warrants was approved by the shareholders on August 10, 2026.
• The company will make the disclosures and reports relating to utilisation of the issue proceeds as required.

What investors may note

The appointment is a procedural step that follows a fund-raising decision already approved by shareholders. The agency's role is to keep track of how the money raised is used. For a retail investor, this is a checkpoint on deployment of the issue proceeds rather than a change in the company's business.

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