Outcome of Rights Issue Committee Meeting for Intimation of Record Date.
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Galactico Corporate Services Ltd has fixed Saturday, January 31, 2026 as the Record Date for its proposed Rights Issue of up to Rs. 660 Lakhs, originally approved by the Board on July 30, 2025. The company will issue 3,42,72,605 fully paid-up equity shares at Rs. 1.75 per share (face value Rs. 1 + premium Rs. 0.75) in the ratio of 2 Rights Equity Shares for every 100 shares held. The Issue will open on February 11, 2026 and close on February 23, 2026. Post-issue, total outstanding equity shares will rise to 18,32,83,935 (assuming full subscription). Shareholders on the record date will be credited Rights Entitlements in their demat accounts before the issue opens.
Eligible shareholders as of January 31, 2026 will get the opportunity to buy additional shares at Rs. 1.75 each, but the issue will dilute existing holdings by roughly 19% post-issue. The relatively long gap between board approval (July 2025) and record date announcement (January 2026) suggests a delayed fundraising timeline.