BSE has issued an update (Notice No. 20260407-18) continuing the suspension of trading in Non-Convertible Debentures (NCDs) of Steelco Gujarat Ltd. This is a continuation of the earlier notice no. 20260109-24 dated 09 Jan 2026. The suspension remains in effect due to ongoing debt restructuring and will continue till further notice.

Key Points

• Trading suspension on Steelco Gujarat Ltd NCDs remains in force, extended from the original notice dated 09 January 2026
• ISIN INE629B07013 (Scrip Code 977444) covers 16,000 NCDs with a face value of Rs 1,00,000 each
• Suspension is due to debt restructuring of the company
• No specific end date provided; suspension continues till further notice
• Trading members may contact Mr. Akash Shinde (+91 22 2272 8844 / debt.listing@bseindia.com) or Hardik Bhuta (Assistant Vice President) for further details

Regulatory Changes

No new regulatory changes introduced. This notice reaffirms the existing trading suspension originally imposed under Notice No. 20260109-24 dated 09 January 2026.

Compliance Requirements

• Trading members must ensure no trades are executed in Scrip Code 977444 (ISIN INE629B07013)
• Members should inform their clients holding or intending to trade these securities about the continued suspension

Important Dates

• Original Suspension Notice: 09 January 2026 (Notice No. 20260109-24)
• This Update Issued: 07 April 2026
• Suspension End Date: Not specified — suspension continues till further notice

Impact Assessment

The continued suspension affects holders of 16,000 NCDs (total face value approximately Rs 160 crore) who are unable to trade these instruments on BSE’s Debt Market Segment. The open-ended nature of the suspension signals that the debt restructuring process for Steelco Gujarat Ltd remains unresolved. Investors in these debentures face continued illiquidity until the restructuring is concluded and BSE issues a revocation notice.