MSP Steel & Power Ltd

The Company at its Board Meeting scgeduled on 31st December 2024 has made the following decisions: 1. The Company placed the conversion notice received from the OCD Holders 2. Upon receipt of conversion notice the Board approved the allotment of equity shares in lieu of OCDs.

This is to inform you that pursuant to the Regulation 30 of SEBI Listing Regulations the Board has decided the following matters: 1. The Company placed the conversion notice received from the OCD holders 2. Upon receipt of the aforesaid notice as per the terms of the Conversion of Outstanding OCDs the Board of Directors considered and approved the allotment of 17923751 nos. equity shares having face value of Rs. 10/- each at Rs. 46/- (including premium of Rs. 36/- per share) to the allottees (categorized as public) of the Company on preferential basis in terms of SEBI (Issue of Capital & Disclosures Requirement) Regulation 2018. The new equity shares so allotted shall rank pari-passu with the existing equity shares of the Company.

The Company wishes to inform the Exchange that trading window for dealing in Securities of the Company shall remain Closed for all Directors Promoters Designated person and specified connected person from 1st January 2025 till expiry of 48 hours after the unaudited financial result both on Standalone & Consolidated basis for 3rd Quarter ended on 31st December 2024.

Pursuant to Regulation 30 of SEBI Listing Regulations the company wants to inform the Exchange of the Listing approvals received by it.