Ganga Forging Limited has informed the Exchange regarding Board meeting held on January 06, 2026.
GANGAFORGE · price
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The board of Ganga Forging Limited, at its meeting on January 6, 2026, approved raising funds through a Rights Issue of equity shares with a face value of Re. 1 each. The total amount to be raised will not exceed Rs 330 Lakhs. The issue will be offered to eligible existing equity shareholders as on a record date that is yet to be announced. The exact issue price, entitlement ratio, record date, and payment terms will be decided by the board later. The proposal is subject to SEBI ICDR Regulations and other statutory approvals.
Existing shareholders may get the opportunity to buy additional shares in proportion to their current holding, which could help them maintain their ownership stake. However, if they do not participate, their shareholding will be diluted once the rights shares are issued.