Outcome of the Meeting of the Right Issue Committee of the Company held on March 04, 2026
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Galaxy Agrico Exports Ltd's Rights Issue Committee met on March 4, 2026, and approved the allotment of Rights Equity Shares. The committee reviewed 1,19,07,315 Rights Equity Shares applied for by 273 applicants classified as Non-Eligible Shareholders and those Renounced with Zero Rights Entitlement. After deliberation, the total number of Rights Equity Shares accepted under the issue stands at 1,31,59,655, subject to approval from BSE as the Designated Stock Exchange. The allotment will be carried out in compliance with the Companies Act, 2013, SEBI (ICDR) Regulations, and other applicable laws.
This is a procedural update confirming the finalisation of share allotments under the company's recent Rights Issue. For shareholders, it means the rights issue process is nearing completion pending BSE approval, which could lead to an increase in the total share count and potential dilution for existing shareholders.