Description

Galaxy Agrico Exports Ltd announces rights issue of 5 equity shares for every 1 share held at Rs. 35.87 per share. Record date: January 23, 2026.

Summary

Galaxy Agrico Exports Ltd (BSE Code: 531911) has announced a rights issue of equity shares with a record date of January 23, 2026. The company is offering 5 new equity shares for every 1 existing equity share held, at an issue price of Rs. 35.87 per share (face value Rs. 10 with premium of Rs. 25.87). Trading on ex-rights basis will commence from January 23, 2026 (Settlement No. DR-805/2025-2026).

Key Points

  • Company: Galaxy Agrico Exports Ltd (BSE Code: 531911)
  • Rights ratio: 5 equity shares for every 1 share held
  • Face value: Rs. 10 per share
  • Premium: Rs. 25.87 per share
  • Issue price: Rs. 35.87 per share (payable on application)
  • Record date: January 23, 2026
  • Ex-rights trading date: January 23, 2026
  • Settlement number: DR-805/2025-2026
  • Segment: Dematerialised securities - Rolling settlement

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for a rights issue.

Compliance Requirements

  • Trading members must execute all transactions in Galaxy Agrico Exports Ltd shares on ex-rights basis from January 23, 2026
  • Shareholders on record as of January 23, 2026 will be eligible for the rights entitlement
  • Issue price of Rs. 35.87 per share is payable on application

Important Dates

  • January 20, 2026: Circular issued
  • January 23, 2026: Record date for rights issue eligibility
  • January 23, 2026: Ex-rights basis trading commences (Settlement DR-805/2025-2026)

Impact Assessment

Shareholder Impact: Existing shareholders will have the right to subscribe to 5 new shares for every 1 share held. The 5:1 ratio represents a significant capital raise and potential dilution for non-participating shareholders.

Trading Impact: From January 23, 2026, the stock will trade ex-rights, meaning new buyers will not be entitled to participate in the rights issue. The stock price is expected to adjust downward to reflect the value of the rights entitlement being separated.

Market Operations: Trading members must ensure proper handling of ex-rights transactions from the specified date to maintain market integrity and accurate settlement.

Impact Justification

Rights issue with 5:1 ratio represents significant dilution for existing shareholders. Medium importance as it affects shareholder entitlements and trading dynamics from ex-rights date.