Submission of newspaper advertisment regarding allotment of Equity Shares pursuant to Rights issue is enclosed.
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Steelco Gujarat Limited has submitted copies of the newspaper advertisement published in Financial Express (English), Jansatta (Hindi), and Financial Express (Gujarati) regarding the completion of its Rights Issue. The issue offered up to 13,30,060 equity shares of face value ₹10 at a price of ₹112 per share (including ₹102 premium), aggregating to about ₹148.90 lakhs, in the ratio of 5 Rights Shares for every 1 fully paid-up equity share held as on the record date of May 15, 2026. The issue opened on May 25, 2026 and closed on June 4, 2026. The Board approved the allotment of 13,30,160 equity shares to successful applicants on June 6, 2026, with no shares kept in abeyance. Out of 571 applications for 19,04,150 Rights Equity Shares received, 209 applications (60,578 shares) were rejected on technical grounds and 362 valid applications for 18,43,572 shares were considered for allotment.
This is a routine regulatory disclosure confirming the completion of the Rights Issue allotment. Eligible shareholders who received the new shares can expect their demat accounts to be credited, and the newly allotted shares will be tradable on BSE only in dematerialised form. The level of subscription was significantly oversubscribed (about 14.3 times based on shares applied versus allotted), which is a positive signal of investor interest.