Steelco Gujarat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/01/2026 ,inter alia, to consider and approve Letter of Offer for issuance ....
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Steelco Gujarat Ltd has informed BSE that its Board of Directors will meet on Tuesday, 13 January 2026, to consider and approve the Letter of Offer for a Rights Issue of equity shares. The issuance will follow the Companies Act, 2013, SEBI LODR Regulations, and SEBI ICDR Regulations, 2025. The company has also closed its trading window from 1 January 2026 until 48 hours after its Q3FY26 financial results are announced, in line with insider trading norms. No details on issue size, price, or record date have been provided yet — these typically come with the Letter of Offer.
A rights issue will raise fresh capital but can dilute existing shareholders unless they fully participate. Investors should wait for the record date, price, and ratio to assess dilution and whether subscribing makes sense for them.