Newspaper publication in respect of Rights Issue of Fully Paid-up Equity Shares
Price
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Steelco Gujarat Limited has published newspaper advertisements for its Rights Issue of up to 13,30,060 fully paid-up equity shares. The issue price is Rs. 112 per share (face value Rs. 10 + premium Rs. 102), aggregating up to Rs. 1489.66 Lakhs. Existing shareholders on the record date (May 15, 2026) are entitled to 5 rights equity shares for every 1 share held. The issue opens on May 25, 2026 and closes on June 4, 2026. All applications must be made through the ASBA process, and both Rights Entitlements and allotments will be in dematerialized form only. The company mentions 21 specific investors who may be allotted any under-subscribed portion of the issue.
Existing shareholders have an opportunity to maintain their ownership percentage by subscribing to the rights issue at Rs. 112 per share. Shareholders who do not participate or renounce their Rights Entitlements will see their ownership dilution. Physical shareholders must provide demat details within two working days before issue closing to avoid lapsing of entitlements.