Description

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

Summary

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

Key Points

  • Rights issue ratio: 5 new equity shares for every 1 existing equity share
  • Face value: Rs. 10/- per share
  • Premium: Rs. 25.87 per share
  • Total issue price: Rs. 35.87 per share
  • Payment terms: Full amount payable on application
  • Issue type: Cash basis
  • Segment: Dematerialised Securities - Rolling Settlement

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action circular.

Compliance Requirements

  • Trading members must execute all transactions in Galaxy Agrico Exports Ltd equity shares on ex-rights basis from January 23, 2026
  • Trading members are required to take note of the record date and ex-rights date for proper settlement
  • All transactions must comply with the ex-rights basis settlement requirements under Settlement No. DR-805/2025-2026

Important Dates

  • Record Date: January 23, 2026
  • Ex-Rights Date: January 23, 2026
  • Settlement Number: DR-805/2025-2026
  • Circular Date: January 20, 2026

Impact Assessment

Shareholder Impact: Existing shareholders will have the right to subscribe to 5 new shares for every 1 share held, representing significant dilution potential. Shareholders must be aware of their entitlement and subscription timeline.

Trading Impact: All trading from January 23, 2026 onwards will be on ex-rights basis, meaning buyers will not be entitled to the rights issue while sellers retain their rights entitlement.

Market Operations: Standard settlement procedures apply with the designated settlement number DR-805/2025-2026. Trading members need to ensure proper system configuration for ex-rights trading.

Impact Justification

Standard rights issue announcement affecting existing shareholders of Galaxy Agrico Exports Ltd with significant dilution ratio of 5:1