The Board of Directors at its meeting held on 9th May, 2026 fixed Friday, 15th May, 2026 as the record date for the Rights issue.
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 09 May 2026, 12:57 PM IST · BSE ID: 590ab6bf-0483-42b8-9747-23638b868b0e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is raising up to ₹1,489.66 Lakhs from existing shareholders by issuing new shares at ₹112/- each.
🤖 AI Summary
- Board fixed Friday, May 15, 2026, as the record date for the Rights Issue.
- Company to issue 13,30,060 fully paid-up Equity Shares of ₹10/- face value.
- Issue price set at ₹112/- per Rights Equity Share, including ₹102/- premium.
- Aggregate issue size is up to ₹1,489.66 Lakhs, assuming full subscription.
- Rights Entitlement Ratio of 5:1 (5 Rights Equity Shares for every 1 held).
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Number of Rights Equity Shares
13,30,060 fully paid-up Equity Shares
Issue Price
₹112/- per Rights Equity Share
Premium per share
₹102/- per share
Rights Entitlement Ratio
5:1
Aggregate Issue Size
Up to ₹1,489.66 Lakhs
🏢 How This Affects the Company
The Rights Issue, if fully subscribed, will inject up to ₹1,489.66 Lakhs into the company's financials. This capital raise will increase the company's equity base and cash reserves.
Failure to achieve full subscription for the Rights Issue would result in lower capital inflow than planned, potentially affecting financial flexibility.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders holding shares by May 15, 2026, will be entitled to participate in the Rights Issue. They need to decide whether to subscribe, renounce, or let their Rights Entitlements lapse.
👤
Who Is Affected
Existing equity shareholders of Steelco Gujarat who hold shares as of the revised record date, Friday, May 15, 2026, are eligible for the Rights Issue in a 5:1 ratio.
🔍
Management Signal
Management is seeking to raise capital through a Rights Issue to eligible shareholders, signaling an intent to fund operations or expansion via existing investor participation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Rights Issue opening on Monday, May 25, 2026
Rights Issue closing on Thursday, June 04, 2026
Filing on the final subscription status of the Rights Issue
MEDIUM RISK
The capital raise's success depends on shareholder participation; under-subscription would yield less capital.
💡 Investor Takeaway
Steelco Gujarat's Board set May 15, 2026, as the record date for its Rights Issue. The company will issue 13,30,060 equity shares at ₹112/- each, aiming to raise up to ₹1,489.66 Lakhs. Eligible shareholders will receive 5 shares for every 1 held.
⚖️ Strengths & Concerns
✅ Positives
- The Rights Issue provides an opportunity to raise up to ₹1,489.66 Lakhs, strengthening the company's capital base.
- The issue price of ₹112/- per share, including a premium, indicates a valuation accepted for capital infusion.
⚠️ Concerns
- The 'up to ₹1,489.66 Lakhs (assuming full subscription)' suggests that the actual capital raised is contingent on investor participation.
- The current filing does not detail the specific utilization of the funds, leaving clarity on financial allocation open.
📅 Company Track Record
No previous filings detailing financial performance or prior capital raise events for Steelco Gujarat Ltd were found in the context provided.
Based on publicly available historical data. For context only.