Steelco Gujarat Revises Rights Issue: ₹112/Share, Ratio 5:1

Steelco Gujarat Ltd's Board of Directors, in a meeting held on May 9, 2026, approved revisions to the terms of its proposed Rights Issue. The company will issue up to 13,30,060 fully paid-up equity shares at ₹112 per share (including a premium of ₹102 per share), aggregating up to ₹1,489.66 Lakhs. The rights entitlement ratio is set at 5:1, with a record date of May 15, 2026. The issue opens on May 25, 2026, with the last date for on-market renunciation being May 29, 2026, and the closing date on June 4, 2026. The board also approved the appointment of Mr. Ravikant Pandey as Vice President- Operations effective May 11, 2026.