Description

Galaxy Agrico Exports Limited extends the closing date of its ongoing Rights Issue from February 11, 2026 to February 18, 2026, and extends the on-market renunciation deadline from February 5, 2026 to February 12, 2026.

Summary

Galaxy Agrico Exports Limited (Scrip Code: 531911) has extended the closing date of its ongoing Rights Issue by one week to provide additional opportunity for eligible equity shareholders to apply. The Rights Issue Committee meeting held on February 3, 2026 approved the extension of the issue closing date from February 11, 2026 to February 18, 2026, and the on-market renunciation deadline from February 5, 2026 to February 12, 2026. No other terms and conditions of the Letter of Offer, Abridged Letter of Offer, or Application Form have changed.

Key Points

  • Rights Issue closing date extended by 7 days from February 11, 2026 to February 18, 2026
  • On-market renunciation deadline extended from February 5, 2026 to February 12, 2026
  • Last date for receiving requests for Application Form and Rights Entitlement Letter extended to February 12, 2026
  • Issue opening date remains unchanged at February 2, 2026
  • Right Issue Committee meeting held on February 3, 2026 (5:00 PM to 5:30 PM) approved the extensions
  • No changes to terms and conditions of Letter of Offer (LOF), Abridged Letter of Offer (ALOF), or Application Form except dates
  • Addendum to LOF with revised dates will be published on company website, registrar website, and BSE website

Regulatory Changes

No regulatory changes introduced. This circular announces a procedural extension to an ongoing corporate action in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30.

Compliance Requirements

  • Company must publish addendum to Letter of Offer with revised closing date and timeline on:
  • Eligible equity shareholders must submit applications by the new closing date of February 18, 2026
  • On-market renunciation must be completed by February 12, 2026
  • Requests for Application Form and Rights Entitlement Letter must be received by February 12, 2026

Important Dates

  • Issue Opening Date: Monday, February 2, 2026
  • Last Date for On-Market Renunciation: Thursday, February 12, 2026 (extended from February 5, 2026)
  • Last Date for Receiving Requests for Application Form and Rights Entitlement Letter: Thursday, February 12, 2026 (extended from February 5, 2026)
  • Issue Closing Date: Wednesday, February 18, 2026 (extended from February 11, 2026)
  • Right Issue Committee Meeting Date: February 3, 2026

Impact Assessment

Shareholder Impact: The extension provides existing eligible shareholders with an additional week to evaluate and participate in the Rights Issue, potentially increasing subscription rates. Shareholders who may have missed the original deadline now have more time to exercise their rights or renounce them on-market.

Market Impact: Limited broader market impact as this affects only Galaxy Agrico Exports Limited shareholders. The extension indicates the company’s intention to maximize shareholder participation in the Rights Issue.

Operational Impact: Post-issue activities timeline will be revised accordingly. The company, registrar (Purva Sharegistry), and BSE will need to update all communication materials and systems to reflect the new deadlines.

Impact Justification

Deadline extension provides existing shareholders additional time to participate in rights issue. Material for GALAGEX shareholders but limited broader market impact.