Outcome of Board Meeting/ Right Issue Committee Meeting held today i.e on 05th March, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Galaxy Agrico Exports Ltd has allotted 1,31,59,102 equity shares of face value Rs. 10 each at Rs. 35.87 per share (including a premium of Rs. 25.87 per share) on a rights basis. The allotment was finalized after BSE approved the basis of allotment on 5th March 2026. This follows the Board meeting held on 19th January 2026 where the rights issue was approved. The total capital raised is approximately Rs. 47.20 crore at the issue price.
The rights issue is now complete with shares allotted, increasing the company's equity base and share count. This dilutes existing shareholders' holdings proportionally, though they may have had the right to subscribe. Share price may see short-term pressure due to the increased float.