Steel City Securities Limited has informed the Exchange regarding 'Inauguration of 2nd New owned building'.
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Steel City Securities has inaugurated a new five-storey building called 'Steel City Towers' on 7th March 2026, located in Visakhapatnam, in the name of its wholly owned subsidiary Steel City Commodities Private Limited. The building spans approximately 19,000 sq ft and was built at an investment of around Rs. 13 crores. The company says the new space will support its existing operations, E-Governance products, and future expansion plans. The disclosure was made under Regulation 30 of SEBI LODR Regulations, indicating the company views it as a material event.
This is a meaningful capital expenditure of about Rs. 13 crores aimed at supporting business growth, which could expand operational capacity and potentially support future revenue growth, though the short-term impact on stock price is likely limited.