Description

BSE notifies cancellation of the previously announced record date of February 24, 2026 for the Rights Issue of Steelco Gujarat Ltd. A new record date will be announced by the company in due course.

Summary

BSE has issued Notice No. 20260223-11 cancelling the record date for the Rights Issue of Steelco Gujarat Ltd (Scrip Code: 500399). The record date was originally set as February 24, 2026 per Exchange Notice No. 20260219-11 dated February 19, 2026. The company has decided to cancel this record date, and a new record date will be announced in due course.

Key Points

  • The previously announced record date of February 24, 2026 for the Rights Issue of Steelco Gujarat Ltd (Scrip Code: 500399) stands cancelled.
  • This cancellation supersedes Exchange Notice No. 20260219-11 dated February 19, 2026.
  • The ex-date of February 24, 2026 is also to be treated as cancelled.
  • The Exchange will not give effect to the Corporate Action of Rights Issue as previously communicated.
  • Steelco Gujarat Ltd will announce a new record date in due course.

Regulatory Changes

No new regulatory framework changes. This notice revokes a specific corporate action timeline previously communicated via Exchange Notice No. 20260219-11 dated February 19, 2026.

Compliance Requirements

  • Trading members must treat the ex-date of February 24, 2026 as cancelled and update their systems accordingly.
  • No corporate action for the Rights Issue of Steelco Gujarat Ltd should be processed based on the earlier notice.
  • Members should await further communication from BSE regarding the new record date once announced by the company.

Important Dates

  • February 19, 2026: Original Exchange Notice No. 20260219-11 announcing record date.
  • February 24, 2026: Previously announced record date and ex-date — now CANCELLED.
  • February 23, 2026: Date of this cancellation notice (Notice No. 20260223-11).
  • TBD: New record date to be announced by Steelco Gujarat Ltd.

Impact Assessment

This cancellation has an immediate and significant impact on shareholders and trading members. Shareholders who had planned to hold shares ahead of the February 24, 2026 ex-date to qualify for the rights issue will need to await a new announcement. Trading members must ensure their systems reflect the cancellation of the ex-date to avoid erroneous processing of entitlements. The rights issue itself is not cancelled — only the record date — so shareholders should monitor future announcements from Steelco Gujarat Ltd for the rescheduled date.

Impact Justification

Cancellation of a record date directly affects shareholders planning to participate in the rights issue and trading members who had factored in the ex-date of February 24, 2026. Immediate action is required by all concerned parties to treat the ex-date as cancelled.