Steelco Gujarat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 31/10/2025 ,inter alia, to consider and approve Update on board meeting relating ....
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Steelco Gujarat Ltd has informed BSE that its Board of Directors will meet on Friday, October 31, 2025. The Board will, among other things, consider and approve the issue of Non-Convertible Debentures (NCDs) on a private placement basis. Additionally, the Board will finalize the appointment of Merchant Bankers for a proposed Rights Issue. The intimation has been made under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements (LODR), 2015.
This signals a potential fundraising move by the company through both debt (NCDs) and equity (Rights Issue) routes, which could dilute existing shareholders if the Rights Issue is large. Investors should watch the board meeting outcome on October 31 for further clarity on the size and terms of the capital raise.