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Awaiting price reaction for this filing.
The Board of Directors of Gujarat Cotex Ltd, at its meeting held on 22nd November 2025, approved raising funds through a Rights Issue of equity shares with a face value of Rs. 5 each, for an aggregate amount of up to Rs. 4,273.20 Lakhs (approximately Rs. 42.73 crore). The issue will be offered to eligible existing equity shareholders of the company on the record date, which is yet to be notified. The specific terms, including the issue price and entitlement ratio, will be decided by the Board or a duly constituted committee at a later date. The rights issue is being carried out under Section 62(1)(a) of the Companies Act, 2013 and is subject to receipt of regulatory and statutory approvals.
This is a capital-raising move that could lead to dilution for shareholders who do not participate in the rights issue. The stock may see short-term price pressure until the issue price, ratio, and record date are announced. Shareholders should watch for the detailed terms to evaluate whether to subscribe.