Description

BSE notifies cancellation of the record date (24 Feb 2026) previously fixed for the Rights Issue of Equity Shares of Steelco Gujarat Ltd. The company will announce a new record date in due course.

Summary

BSE has issued a notice cancelling the record date previously fixed for the Rights Issue of Equity Shares of Steelco Gujarat Ltd (Scrip Code: 500399). The record date of 24 February 2026 and the associated ex-date, as communicated via Exchange Notice No. 20260219-11 dated 19 February 2026, stand cancelled. The company has stated that a new record date will be announced in due course.

Key Points

  • Steelco Gujarat Ltd (Scrip Code: 500399) has cancelled the record date of 24 February 2026 fixed for its Rights Issue of Equity Shares.
  • This is a continuation/revision to Exchange Notice No. 20260219-11 dated 19 February 2026.
  • The ex-date of 24 February 2026 is also treated as cancelled.
  • The Exchange will not give effect to the Corporate Action of Rights Issue as previously communicated.
  • A new record date will be announced by the company at a later stage.

Regulatory Changes

No new regulatory changes. This notice supersedes the earlier corporate action communication (Notice No. 20260219-11 dated 19 February 2026) with respect to the record date and ex-date for the rights issue of Steelco Gujarat Ltd.

Compliance Requirements

  • Trading members are informed not to apply the corporate action of the Rights Issue as communicated in the earlier notice.
  • The cancelled ex-date of 24 February 2026 should be disregarded for all trading and settlement purposes.
  • Members should await a fresh notice from the Exchange once the company announces a new record date.

Important Dates

  • Original Record Date (Cancelled): 24 February 2026
  • Original Ex-Date (Cancelled): 24 February 2026
  • Notice Date: 23 February 2026
  • Original Notice Reference: 20260219-11 dated 19 February 2026
  • New Record Date: To be announced by Steelco Gujarat Ltd in due course

Impact Assessment

Shareholders and prospective applicants of Steelco Gujarat Ltd who had made plans based on the earlier announced record date of 24 February 2026 will need to defer their rights issue participation until a new record date is announced. The cancellation may cause short-term uncertainty around the stock. The impact is limited to Steelco Gujarat Ltd stakeholders and does not affect broader market operations. Trading members must ensure their systems reflect the cancellation of the ex-date to avoid erroneous corporate action processing.

Impact Justification

Affects shareholders of a single company (Steelco Gujarat Ltd) who were planning for the rights issue based on the previously announced record date of 24 Feb 2026. The cancellation introduces uncertainty around the rights issue timeline but is limited in broader market impact.