Approved Letter of Offer, Abridged Letter of Offer along with Application Forms and Rights Entitlement Letter
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Galaxy Agrico Exports Limited has approved the Letter of Offer, Abridged Letter of Offer, Application Forms and Rights Entitlement Letter for a proposed rights issue of up to 1,36,58,100 equity shares of face value ₹10 each. The issue price is ₹35.87 per share (including a premium of ₹25.87), aggregating up to about ₹48.99 crore. Existing shareholders will get the rights in a 5:1 ratio (5 rights shares for every 1 share held) based on the record date of 23rd January 2026. The rights issue window opens on 2nd February 2026 and closes on 11th February 2026, with the last date for on-market renunciation being 5th February 2026. Eligible shareholders will receive the rights entitlements credited to their demat accounts before the issue opens.
Eligible shareholders as of the 23rd January 2026 record date can subscribe to the rights shares at ₹35.87 each in a 5:1 ratio, or renounce/sell their entitlements before 5th February 2026. If shareholders do not subscribe, their effective stake in the company will be diluted because the total share count will expand significantly (about 6x at full subscription). The company will raise up to roughly ₹49 crore to fund its stated objects.