The Board of Directors at its meeting held on 9th May, 2026 fixed Friday, 15th May, 2026 as the record date for the Rights issue.
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Steelco Gujarat Ltd's Board has approved a rights issue of up to 13,30,060 fully paid-up equity shares with face value ₹10 each. The issue price is ₹112 per share (including ₹102 premium), aggregating up to ₹1,489.66 lakhs assuming full subscription. Existing shareholders will receive 5 rights shares for every 1 share held (5:1 ratio) as on the record date of 15th May 2026. The issue opens on 25th May 2026 and closes on 4th June 2026. This is a revision to earlier terms announced in February 2026.
Shareholders who do not participate in the rights issue will face dilution of their ownership stake. The issue price of ₹112 represents a significant premium over the ₹10 face value.