Venus Pipes & Tubes: ₹372 Crore Preferential issue

*Terms of the Proposed Preferential IssueTotal Securities Offered: Up to 22,27,544 equity shares. * Face Value & Issue Price: Nominal face value of ₹10 per share at an issue price of ₹1,670 per equity share (incorporating a premium of ₹1,660 per share). *Aggregate Deal Value: Up to ₹3,71,99,98,480 (~₹372 Crore). Regulatory Compliance: Dispatched electronically to shareholders registered with the company and depository participants as of September 30, 2026. *Strategic Amendments & Fund Utilization1* 1. Earmarked Capital for Debt DeleveragingAllocation Amount: ₹344.00 Crore from the total issue proceeds will be deployed toward full or partial repayment/prepayment of outstanding bank borrowings, including both term loans and working capital facilities. * Strategic Objective : The capital deployment is designed to lower debt servicing costs, reduce overall leverage, and enhance the company's debt-to-equity ratio. *Selection Criteria for Prepayment: 1. The selection of specific credit facilities for repayment will be determined based 2. On:Maturity profiles and remaining loan tenors. 3. Associated borrowing costs and applicable interest rates. 4. Applicable prepayment penalties or charges levied by lenders. 5. Operational and commercial considerations under governing laws. *BSE Observation Compliance: In response to observations from BSE Limited, Venus Pipes & Tubes removed a clause from the Explanatory Statement under the "Utilization of Issue Proceeds" section. Impact: The removal reinforces stricter compliance and fixed-purpose deployment of the raised capital strictly in accordance with statutory guidelines.