Steelco Gujarat to consider rights issue for equity expansion

Steelco Gujarat Limited announced a Board Meeting on January 13, 2026 to deliberate and approve the Letter of Offer for issuing equity shares by way of rights issue. The proposed capital raise will be executed in accordance with the Companies Act, 2013, SEBI Listing Regulations (LODR), and SEBI (ICDR) Regulations, 2025, signaling a structured approach to strengthen the balance sheet and fund growth initiatives.

The company has implemented a trading window closure starting January 1, 2026, continuing until 48 hours after the publication of financial results for the quarter ended December 31, 2025, underscoring governance discipline around potential price-sensitive information.

Key highlights

• Board meeting date: January 13, 2026
• Purpose: Consider and approve the rights issue Letter of Offer for equity shares
• Regulatory compliance: Companies Act, SEBI LODR, SEBI (ICDR) Regulations, 2025
• Trading window: Closed from January 1, 2026 until 48 hours after Q3 FY26 results release
• Strategic intent: Potential balance sheet strengthening and funding for expansion or working capital

Sources: BSE India corporate announcement; Moneycontrol company notices; ScanX News corporate actions