BSE Notice No. 20260512-39 informs trading members that Steelco Gujarat Ltd (BSE Code: 500399) has fixed May 15, 2026 as the record date for a rights issue of equity shares. Effective the same date, all transactions in the company’s equity shares must be conducted on an ex-rights basis under the Dematerialised Securities – Rolling Settlement Segment (Settlement No. DR-631/2026-2027).

Key Points

• Company: Steelco Gujarat Ltd (BSE Code: 500399)
• Record Date: May 15, 2026
• Rights Entitlement: 5 (Five) equity shares of Rs 10 each for every 1 (One) equity share held
• Issue Price: Rs 10 face value + Rs 102 premium = Rs 112 per share
• Ex-Rights Date: May 15, 2026 (Settlement No. DR-631/2026-2027)
• Segment: Dematerialised Securities – Rolling Settlement Segment

Regulatory Changes

No new regulatory changes are introduced. This is a standard corporate action notice under BSE listing compliance procedures, requiring trading members to apply ex-rights pricing from the stated date.

Compliance Requirements

• Trading members must conduct all transactions in Steelco Gujarat Ltd equity shares on an ex-rights basis with effect from May 15, 2026.
• Members must take note of Settlement No. DR-631/2026-2027 for reconciliation and settlement purposes.

Important Dates

Impact Assessment

Existing shareholders of Steelco Gujarat Ltd are entitled to subscribe to 5 new equity shares for every 1 share held at a total price of Rs 112 per share (Rs 10 face value + Rs 102 premium). The 5:1 ratio represents a substantial dilution event. From May 15, 2026, the market price will adjust to reflect the ex-rights value, which could significantly impact short-term share price. Trading members and investors holding positions around the record date must account for the ex-rights adjustment in their valuations and settlement obligations.