This is in regard to our earlier intimation dated February 18, 2026 vide which we have informed that the Record Date for the Rights Issue would be February 24, 2026 along with other timeline ....
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Steelco Gujarat Ltd has cancelled the previously announced Record Date of February 24, 2026 for its upcoming Rights Issue. The company cited 'fundamental changes' as the reason for cancelling the record date and related timelines. A new Record Date, along with updated timelines for the Rights Issue, will be communicated to the stock exchange in due course. No new dates have been provided yet, leaving the issue timeline currently uncertain.
The cancellation creates uncertainty around the Rights Issue for existing shareholders, who may need to wait for revised dates before planning their participation. Such last-minute changes can cause short-term confusion in the stock and may be viewed cautiously by investors until clarity on the new timeline emerges.