Gujarat Cotex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/03/2026 ,inter alia, to consider and approve 1. To consider and approve the ....
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.1 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gujarat Cotex Ltd has informed BSE that its Board of Directors will meet on 24th March 2026 to consider and approve a proposed Rights Issue of shares. The Board will decide on the number of shares to be issued, the issue price, and the rights entitlement ratio for existing shareholders. It will also fix a record date to identify eligible shareholders and approve the Letter of Offer and other issue documents. The insider trading window has been closed from 16th March 2026 and will reopen 48 hours after the board meeting concludes.
A rights issue lets existing shareholders buy additional shares, usually at a discount, which can dilute holdings but brings fresh capital into the company. Investors should track the record date and the final issue terms once the board announces them.