Steelco Gujarat Limited announced significant corporate developments following its board meeting on January 13, 2026, including approval of a substantial rights issue and key director changes. The board approved fundraising through equity shares and made important appointments to strengthen its leadership structure.

Rights Issue Approval

The board approved a rights issue for fundraising up to ₹15.00 crores through fully-paid equity shares. The key parameters of the rights issue are outlined below:

The company established a Rights Issue Committee to determine crucial aspects of the offering. The committee will decide on issue price, rights entitlement ratio, record date, timing, and payment schedule in accordance with applicable laws and subject to necessary approvals.

Director Changes

The board announced two significant director changes effective January 13, 2026:

Resignation

New Appointment

New Director Profile

Mr. Shankar R Bharadhwaj brings extensive financial sector experience to the board. His professional background includes:

• Qualifications: Chartered Accountant, Law Graduate (LL.B), Science Graduate (Physics specialization)
• Experience: Over 25 years in financial sector with India and overseas exposure
• Expertise Areas: Corporate Finance, Internal Audit, Planning, Corporate & Plant Level Accounting, Audits, Corporate Planning & Commercials, Stress Assets Management, and Statutory Compliances

His appointment term extends until the company's obligations regarding debentures are fully settled to the satisfaction of the debenture trustee and debenture holders.

Meeting Details

The board meeting commenced at 3:00 PM and concluded at 7:00 PM on January 13, 2026. All decisions were made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable regulations. The company has fulfilled its disclosure obligations under Regulation 30 and provided detailed annexures covering the rights issue parameters and director change particulars.

Steelco Gujarat Limited announced the successful listing of its non-convertible debentures on BSE's Wholesale Debt Market Segment on January 9, 2026. The company disclosed this development in compliance with SEBI regulations, marking a significant milestone in its debt capital market activities.

Debenture Details

The listing comprises 16,000 non-convertible debentures with specific characteristics that make them attractive debt instruments. Each debenture carries a face value of ₹1,00,000, creating a substantial aggregate offering for institutional investors.

Debenture Characteristics

The debentures possess several key features that define their investment profile. These securities are structured as senior, rated, listed, secured, redeemable, and partly paid-up instruments, providing multiple layers of investor protection and clarity.

Key features include:

• Senior status providing priority in repayment hierarchy
• Rated securities offering independent credit assessment
• Secured instruments backed by company assets
• Redeemable structure with defined maturity terms
• Partly paid-up allowing phased payment structure

Regulatory Compliance

Steelco Gujarat Limited made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement also complies with Chapter V and Annexure 18 of SEBI's master circular dated November 11, 2024, and Regulation 19 of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

BSE Limited issued Notice No. 20260109-24 dated January 9, 2026, formally confirming the listing and admission to trading on the BSE Wholesale Debt Market Segment. The debentures became effective for trading from the same date, providing immediate market access for investors.

Market Implications

The successful listing represents Steelco Gujarat Limited's continued access to debt capital markets for funding requirements. With a paid-up value of ₹140 crores against the total face value of ₹160 crores, the partly paid-up structure provides flexibility in capital deployment while maintaining investor commitment to the full subscription amount.