Submission of Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
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.
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.