Description
Record date fixed for rights issue of 23 equity shares for every 100 shares held at Re.1.75 per share. Ex-rights trading begins January 30, 2026.
Summary
BSE notifies that Galactico Corporate Services Ltd (Scrip Code: 542802) has fixed the record date for its rights issue of equity shares. The company will issue 23 equity shares of Re.1/- each at a premium of Re.0.75 per share for every 100 equity shares held. Trading on ex-rights basis will commence from January 30, 2026.
Key Points
- Rights entitlement: 23 equity shares for every 100 shares held
- Face value: Re.1/- per share
- Premium: Re.0.75 per share
- Total issue price: Re.1.75 per share
- Full payment required at application time
- Scrip code: 542802
- Settlement number: DR-809/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification under existing framework.
Compliance Requirements
- Trading members must execute all transactions on ex-rights basis from January 30, 2026
- Shareholders on record as of January 31, 2026 will be eligible for rights entitlement
- Entire issue price of Re.1.75 must be paid at the time of application
Important Dates
- Ex-Rights Date: January 30, 2026
- Record Date: January 31, 2026
- Notice Date: January 28, 2026
Impact Assessment
Market Impact: Medium - affects existing shareholders of Galactico Corporate Services Ltd who must decide whether to subscribe to rights issue.
Operational Impact: Standard corporate action requiring trading members to adjust systems for ex-rights trading. Ratio of 23:100 indicates a capital raise without significant dilution. Shareholders need to arrange funds if they wish to participate in the rights issue.
Impact Justification
Standard rights issue notification affecting existing shareholders with clear record date and pricing terms