Intimation for Recoard Date for Issue of Equity Share on Rights (Rights Issue)
Price
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Awaiting price reaction for this filing.
Galaxy Agrico Exports has fixed Friday, 23rd January 2026, as the record date for determining which shareholders are eligible to participate in its upcoming rights issue. The company plans to offer 5 new equity shares for every 1 fully paid-up share held by eligible shareholders on the record date, a substantial 5:1 ratio. The filing is made under SEBI's Listing Obligations and Disclosure Requirements. The issue price and other terms (such as the discount to market price) have not been disclosed in this particular intimation.
Shareholders holding shares as of 23rd January 2026 will be eligible to subscribe to the rights issue at a 5:1 ratio. Existing investors will need to evaluate whether to participate, as the large ratio implies significant additional capital outlay. The stock may see short-term price pressure as the ex-date approaches, depending on the issue price relative to market value.