Revised Outcome of the Meeting of the Board of Directors held on 12th March, 2026 - Corrigendum to the earlier intimation
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Steelco Gujarat has issued a corrigendum to its March 12, 2026 Board Meeting outcome, correcting a typographical error in the interest payment terms of its listed, secured Non-Convertible Debentures (NCDs). The Fixed Interest Payment Date was previously communicated as the 'first day' of each fiscal quarter but should read the 'fifth day' of each fiscal quarter, with the last payment coinciding with the Final Settlement Date. The debenture holder, India Resurgence Fund (a Piramal-Bain Capital partnership, acting through its investment manager India Resurgence Asset Management Business Pvt Ltd), has provided its No Objection Certificate (Annexure-A) via debenture trustee Vistra ITCL (India) Limited. All other terms from the earlier intimation remain unchanged. Equity scrip code: 500399; Debt scrip code: 977444.
This is a minor administrative corrigendum correcting a typographical error and does not change the economic substance of the NCD terms — interest remains payable quarterly. No material impact on equity shareholders or the stock price is expected.