Board Meeting Outcome for Outcome of the Right IIssue Committee Meeting- Extension of Rights Issue Closing Date & On Market Renunciation Date
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Galaxy Agrico Exports Ltd's Rights Issue Committee has approved a further extension of the closing date of its ongoing Rights Issue. The issue, which opened on February 2, 2026, was originally scheduled to close on February 11, 2026, and will now close on February 18, 2026. The last date for on-market renunciation has also been pushed from February 5 to February 12, 2026, giving eligible shareholders more time to apply. The company clarified that all other terms of the Letter of Offer remain unchanged. An addendum with the revised timeline will be made available on the company, registrar, and BSE websites.
Existing shareholders get an extra week to subscribe to or trade their rights entitlement, which may marginally improve participation but also signals that the issue may not have been fully subscribed within the original window.