Ganga Forging Limited Announces Terms of Rights Issue: Offers Equity Shares at Rs 1.63 Per Share
Ganga Forging Limited has announced the key terms for its proposed Rights Issue, following approval by its Board of Directors on June 25, 2026. The issue involves a total of 20,22,03,345 Rights Equity Shares to be issued at a price of Rs 1.63 per share.The Rights Issue is set to raise up to Rs 32,95,91,452 (Rupees Thirty Two Crore Ninety Five Lakh Ninety One Thousand Four Hundred and Fifty Two Only), based on the assumption of full subscription. The issue was initially approved by the Board of Directors on January 06, 2026.
The company specified several crucial parameters for the Rights Issue:
| Particular | Details |
|---|---|
| Instrument | Fully paid-up Equity Shares with a face value of Re.1/- each |
| Total Rights Issue Size | 20,22,03,345 Rights Equity Shares |
| Aggregate Amount | Up to Rs 32,95,91,452 |
| Rights Issue Price | Rs 1.63 per Rights Equity Share (including a premium of Rs 0.63) |
| Record Date | Thursday, July 02, 2026 |
| Rights Entitlement Ratio | 3 Rights Equity Shares for every 2 fully paid-up Equity Shares held on the Record Date |
| Issue Opening Date | July 10, 2026 |
| On-market Renunciation Period (End) | July 15, 2026 |
| Rights Issue Closing Date | July 20, 2026 |
The company confirmed that all eligible shareholders will be able to receive their Rights Entitlements in dematerialized form prior to the Issue Opening Date. The process for renunciation includes an on-market period followed by off-market transfers.
Prior to the proposed issue, Ganga Forging Limited had 13,48,02,230 outstanding Equity Shares. Assuming a full subscription of the Rights Issue, the total post Rights Issue outstanding share capital is projected to be 33,70,05,575 shares.
The Board of Directors approved the associated Letter of Offer and authorized its filing, incorporating all terms and conditions related to the Rights Issue.
GANGAFORGE Stock Price Movement
As of 2:59 PM, shares of Ganga Forging Limited are shedding value in live trading, dipping by 0.81% and currently standing at ₹2.45. The stock has traded during the day between a low of ₹2.44 and a high of ₹2.54, with significant buying interest recorded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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