Rights Issue6 Jun 2026, 01:30 pm
Steelco Gujarat Allots Rights Shares, Appoints Internal Auditor
AI Summary
Steelco Gujarat Ltd announced the successful allotment of 13,30,060 equity shares through its Rights Issue, raising ₹14.89 Crores. The Rights Issue was priced at ₹112 per share. The company's paid-up equity share capital has increased from ₹4,96,60,120 to ₹6,29,60,720 post-allotment. Additionally, the Board of Directors approved the appointment of M/s. Grant Thornton Bharat LLP as the Internal Auditor for the Financial Year 2026-27.
Key Highlights
- Rights Issue of 13,30,060 shares fully subscribed.
- Raised ₹14.89 Crores at ₹112 per share.
- Paid-up capital increased to ₹6,29,60,720.
- Appointed Grant Thornton Bharat LLP as Internal Auditor.
- Internal Audit for FY 2026-27.
Price Impact
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