Steelco Gujarat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2025 ,inter alia, to consider and approve Steelco Gujarat Limited has ....
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Steelco Gujarat Ltd has informed BSE that its Board of Directors will meet on Monday, May 26, 2025. Key items on the agenda include approval of the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2025. The Board will also discuss ways to achieve the minimum public shareholding requirement, potentially through a Rights Issue or other permissible means. The intimation has been issued under Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements (LODR).
Shareholders can expect the company's FY25 audited results shortly after May 26, which will clarify its financial performance. The mention of a possible Rights Issue to meet minimum public shareholding norms suggests current promoter holding may be above the 75% limit, meaning existing shareholders could see dilution if a rights issue is approved.