Outcome of Board Meeting held on 19th January, 2026 for Right issue
Price
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.9 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Galaxy Agrico Exports Ltd's Board has finalised the terms of its proposed rights issue. The company will issue 1,36,58,100 equity shares of ₹10 face value at a price of ₹35.87 per share (including a ₹25.87 premium), raising up to ₹48.99 crores. The entitlement ratio is 5 rights shares for every 1 existing share held as on the record date of January 23, 2026. The rights issue window opens on February 2, 2026 and closes on February 11, 2026. Post-issue, total outstanding shares will increase from 27,31,620 to 1,63,89,720 assuming full subscription. The Board also approved the Letter of Offer, Abridged Letter of Offer, and Application Form.
This is a significant capital raise (~₹49 crores) that will dilute existing shareholders' stake six-fold if fully subscribed. Shareholders must hold shares by the January 23, 2026 record date to participate, and will need to decide whether to invest additional funds or renounce their entitlements before February 5, 2026.