GANGAFORGENSEGanga Forging LimitedMediumNeutral
Announced Thu, 25 Jun · 14:32 IST

Rights Issue record date set for July 2, 2026

Corporate Actions View source PDF

GANGAFORGE · price

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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹2.48
prior close
₹2.44
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+1.2+0.4+1.2+0.4-0.8+0.4-4.8+0.4-5.2-17.7-31.0
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AI summary

Ganga Forging has fixed July 2, 2026 as the record date for its Rights Issue. The company will issue 20.22 crore equity shares at Rs 1.63 per share (face value Re 1, premium Rs 0.63) to raise up to Rs 32.96 crores. The entitlement ratio is 3 rights shares for every 2 held. The issue opens on July 10 and closes on July 20, 2026.

Likely market impact

Eligible shareholders can buy rights shares at Rs 1.63 in a 3-for-2 ratio. Not subscribing will dilute your holding by about 60 percent.