Pursuant to the Rights Issue of Equity shares of the Company, please find enclosed documents namely: Letter of Offer, RE Letter, CAF and Application form.
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Steelco Gujarat Ltd is launching a Rights Issue of up to 13,30,060 fully paid-up equity shares with face value ₹10 each at an issue price of ₹112 per share (including a premium of ₹102), raising up to ₹1489.66 Lakhs assuming full subscription. The issue opens on 25th May 2026 and closes on 4th June 2026. Eligible shareholders as of the Record Date (15th May 2026) will receive 5 Rights Equity Shares for every 1 equity share held. The existing equity shares are listed on BSE (Scrip Code: 500399, ISIN: INE629B01032). Promoters include Next Orbit Growth Fund III, Ultimate Investofin Ltd, and Sainaisha Traders Pvt. Ltd. A Monitoring Agency Agreement is in place with Infomerics Valuation and Rating Limited.
This Rights Issue will dilute existing shareholders by 5 new shares per held share at ₹112, which is a significant premium to the ₹10 face value. Shareholders who do not subscribe will experience dilution. The company has filed the Letter of Offer with SEBI under the SEBI ICDR Regulations, 2018.