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 date from February 5, 2026 to February 12, 2026.

Summary

Galaxy Agrico Exports Limited has announced the extension of its ongoing Rights Issue timeline. The Right Issue Committee approved extending the issue closing date by 7 days from February 11, 2026 to February 18, 2026, and the On-Market Renunciation deadline from February 5, 2026 to February 12, 2026. This extension provides eligible equity shareholders with an additional opportunity window to apply for the rights issue.

Key Points

  • Rights Issue Committee meeting held on February 3, 2026
  • Issue closing date extended from February 11, 2026 to February 18, 2026
  • On-Market Renunciation date extended from February 5, 2026 to February 12, 2026
  • Issue opening date remains unchanged at February 2, 2026
  • No changes to terms and conditions of Letter of Offer (LOF), Abridged Letter of Offer (ALOF), or Application Form except timeline
  • Addendum to LOF with revised timeline to be published on company and exchange websites
  • Scrip Code: 531911, Scrip ID: GALAGEX

Regulatory Changes

No regulatory changes. This is a procedural extension of an ongoing rights issue timeline approved by the Right Issue Committee in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30.

Compliance Requirements

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
  • Issue Closing Date: Wednesday, February 18, 2026 (extended from February 11, 2026)
  • Committee Meeting Date: February 3, 2026 (5:00 PM - 5:30 PM)

Impact Assessment

Market Impact: Medium - The extension provides additional time for eligible shareholders to participate in the rights issue, potentially increasing subscription rates. This is a shareholder-friendly move that may positively impact participation.

Operational Impact: The 7-day extension affects the timeline for post-issue activities and subsequent corporate actions. Shareholders who were planning based on the original timeline need to be aware of the revised dates.

Investor Impact: Eligible shareholders gain an additional week to arrange funds, evaluate the offer, and submit applications. On-market renunciation participants have until February 12, 2026 instead of February 5, 2026 to trade their rights entitlements.

Impact Justification

Timeline extension for rights issue provides additional window for shareholders to participate, affecting existing shareholders and potential investors of Galaxy Agrico Exports Limited (Scrip Code: 531911).