Gujarat Cotex Ltd. Announces Right Issue of Equity Shares
Gujarat Cotex Ltd. announced on March 24, 2026, that its Board of Directors has approved a rights issue of equity shares. The decision was made at a meeting held on March 21, 2026.The rights issue will involve 8,54,64,000 fully paid-up equity shares, with a total value of Rs. 5. The offering price is set at Rs. 5 per share, which is at par with the face value of Rs. 5 per share.
The rights entitlement ratio is 6 rights equity shares for every 1 equity share held as of the record date. Shareholders eligible to receive the rights entitlement will be determined as of Wednesday, April 1, 2026.
Key dates for the rights issue are as follows:
- Issue Opening Date: April 10, 2026
- Last date for Market Renunciation: May 5, 2026
- Issue Closing Date: May 8, 2026
The company has arranged with NSDL and CDSL to credit the rights entitlements to eligible shareholders' demat accounts. The International Securities Identification Number (ISIN) for the purpose of credit of dematerialized Rights Entitlement is IN8004C20010.
The designated stock exchange for the rights issue is BSE Limited.
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