Image Source: SteelCo Gujarat Ltd
Steelco Gujarat Ltd has approved a rights issue of fully paid-up equity shares worth up to Rs. 15 crore. The decision was taken at the Board meeting held on 13 January 2026 and is subject to regulatory approvals under applicable company law and SEBI regulations.
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Steelco Gujarat Ltd has announced a significant capitalraising initiative following the meeting of its Board of Directors held on Tuesday, 13 January 2026. The decision is aimed at strengthening the company’s capital base while allowing existing shareholders to participate proportionately in the proposed equity issuance.
Fundraising Decision
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The Board considered and approved fundraising through the issuance of fully paidup equity shares having a face value of Rs. 10 each
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The equity shares will be offered on a rights basis to eligible shareholders as on the record date, which will be notified separately
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The total size of the proposed rights issue will be up to Rs. 15 crore, subject to receipt of required statutory and regulatory approvals
Governance And Execution
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The Board has constituted a dedicated Rights Issue Committee
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The committee will determine key terms and conditions such as issue price, rights entitlement ratio, record date, issue size, payment schedule, and overall timeline
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All actions related to the issue will be carried out in compliance with the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
Key Highlights
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Type of securities proposed: Fully paidup equity shares
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Mode of issuance: Rights issue
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Maximum amount proposed to be raised: Up to Rs. 15 crore
Sources: Company Disclosure to the Stock Exchanges
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