Announced Tue, 7 Jul · 12:24 IST
Rights Issue newspaper advertisement published; Issue opens July 10
Compliance View source PDF
GANGAFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-16.5%1-day move
₹2.55
prior close
₹2.43
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
——-5.3-1.6-16.5-15.7-12.5-17.6-21.6-22.7————
Up moveDown movePending
AI summary
Ganga Forging Limited has published newspaper ads confirming dispatch of Letter of Offer for its Rights Issue of up to about 2.02 crore equity shares at Rs. 1.83 per share (face value Re. 1), aggregating up to roughly Rs. 32.96 crores. Ratio is 3 Rights Shares for every 2 held. Record date was July 2, 2026. Issue opens July 10, 2026 and closes July 20, 2026. Existing shareholders must apply by the closing date or their rights entitlements will lapse.
Likely market impact
Existing eligible shareholders can subscribe to 3 rights shares per 2 held at Rs. 1.83 by July 20. Unused rights will lapse, diluting stake.