Submission of Outcome of Board Meeting

Corporate Actions View source PDF Explain this filing

Price

Loading chart…

▲ 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

+5.0%Reaction day

₹8.24

prior close

₹8.35

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+3.6% vs market

Other Textile Products peers, median of 176sector+0.3%+4.7% vs sector

On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 4.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.2

15m

-0.2

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.0+1.4+3.6+0.3+4.7

Next day

+1.7+1.4+0.3+0.5+1.2

+2.2+0.9+1.3-0.2+2.4

-0.5+0.3-0.8-0.3-0.1

+0.7-0.4+1.2-1.2+1.9

-1.3-0.5-0.8-1.1-0.2

+1.7+1.1+0.6-0.5+2.2

15d

+6.3-2.5+8.8-5.1+11.4

+0.2-6.1+6.4-7.1+7.3

+1.0-2.8+3.8-5.3+6.3

+0.0-14.9+14.9-14.8+14.8

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 176Pending

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

AI summary

The Board of Directors of Gujarat Cotex Limited met on December 19, 2025, and approved the Draft Letter of Offer for a proposed Rights Issue of Equity Shares. The meeting was held at the registered office in Silvassa and ran from 3:00 PM to 4:40 PM. No further details on the size, price, or ratio of the rights issue were disclosed in this filing. The company is listed on BSE under scrip code 514386.

Likely market impact

This is an early-stage update indicating that the company is preparing to raise additional capital through a rights issue. Shareholders should watch for the final letter of offer, which will contain details on issue price, ratio, and record date, as these will determine the actual dilution and cost of subscribing.