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 on January 23, 2026.

Summary

Galaxy Agrico Exports Ltd (BSE Code: 531911) has announced a rights issue of equity shares. The company will issue 5 (five) equity shares of face value Rs 10 each at a premium of Rs 25.87 per share, for every 1 (one) equity share held. The record date for determining eligibility is January 23, 2026, and trading will commence on ex-rights basis from the same date.

Key Points

  • Rights ratio: 5 equity shares for every 1 share held (5:1 ratio)
  • Face value: Rs 10 per share
  • Premium: Rs 25.87 per share
  • Issue price: Rs 35.87 per share (payable on application)
  • Company code: 531911
  • Settlement number: DR-805/2025-2026
  • Trading segment: Dematerialised securities - Rolling settlement segment

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notice.

Compliance Requirements

  • Trading members must execute all transactions in Galaxy Agrico Exports Ltd shares on ex-rights basis from January 23, 2026
  • The issue price of Rs 35.87 per share is payable on application by eligible shareholders
  • Trading members must take note of the record date and ex-rights date for proper settlement

Important Dates

  • Record Date: January 23, 2026 - Date for determining shareholder eligibility for rights issue
  • Ex-Rights Date: January 23, 2026 - Date from which shares trade without rights entitlement
  • Notice Date: January 20, 2026

Impact Assessment

Shareholder Impact: Existing shareholders will receive rights to subscribe to 5 new shares for every 1 share held, representing a 5:1 dilution ratio if fully subscribed. Shareholders must decide whether to exercise rights, sell them, or allow them to lapse.

Price Impact: Shares will trade ex-rights from January 23, 2026, which typically results in a theoretical price adjustment downward to reflect the dilution.

Market Impact: Limited broader market impact as this affects only Galaxy Agrico Exports Ltd shareholders. The company will raise capital through this rights issue at Rs 35.87 per share, providing funds for business operations or expansion.

Impact Justification

Rights issue with 5:1 ratio represents significant dilution for existing shareholders. Medium impact as it affects only shareholders of this specific company and requires immediate attention due to imminent record date.