Steelco Gujarat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/01/2026 ,inter alia, to consider and approve the allotment of 16,000 (sixteen ....
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Awaiting price reaction for this filing.
Steelco Gujarat Ltd has informed BSE that its Board of Directors will meet on Thursday, January 1, 2026. The key item on the agenda is to consider and approve the allotment of 16,000 listed, secured, redeemable, partly paid-up, non-convertible debentures (NCDs). The intimation has been filed under Regulation 29 of SEBI's LODR Regulations. The debentures are already listed, suggesting this is an additional tranche of an existing NCD series. The Company Secretary, Bhavisha Dubber, has signed the filing.
This is a routine debt fundraising move through listed NCDs, not an equity dilution. Shareholders are not directly affected in terms of ownership, though more debt on the books could increase interest obligations depending on the coupon rate and use of proceeds.