Rights issue of equity shares at Rs 1.63 per share in 3:2 ratio

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GANGAFORGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.6%Reaction day

₹2.48

prior close

₹2.44

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-3.0% vs market

Castings & Forgings peers, median of 20sector-0.1%-3.6% vs sector

On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 3.6 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+1.2

15m

+1.2

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6-0.6-3.0-0.1-3.6

Next day

+0.4-0.9+1.3-0.4+0.8

-0.8+0.1-0.9-0.2-0.6

+0.4+0.3+0.1+0.6-0.2

-4.8+1.2-6.0+0.4-5.2

+0.4+0.8-0.4+1.9-1.5

-5.2+0.3-5.6+1.1-6.4

15d

-17.7-0.2-17.5+1.2-18.9

-31.0+0.6-31.6+1.1-32.2

-25.0+4.7-29.7+11.6-36.6

-40.7+5.4-46.1+23.0-63.7

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 20Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ganga Forging board approved a rights issue of 20.22 crore equity shares at Rs 1.63 per share in a 3:2 ratio (3 shares for every 2 held). Total issue size about Rs 33 crore. Record date is July 2, 2026. Issue opens July 10 and closes July 20, 2026. Face value Re 1 with premium of Rs 0.63 per share.

Likely market impact

Shareholders can buy new shares at Rs 1.63 in 3:2 ratio. Existing holders must invest more to keep their stake. Dilution risk if not fully subscribed.