Ice Make Refrigeration Limited Undertakes Not To Reallocate Unutilized Excess Galileo Subscription Amount
Ice Make Refrigeration Limited has issued a clarification concerning the utilization of the Galileo Subscription Amount, following its Extra-Ordinary General Meeting (EGM) Notice held on August 19, 2026.
The company has confirmed an undertaking regarding the management of any excess Galileo Subscription Amount that remains unutilized after the meeting.
In this undertaking, Ice Make Refrigeration Limited stated it shall not reallocate any such unutilized excess Galileo Subscription Amount—which was earmarked for a specific purpose—to general Corporate Purposes. This commitment pertains to point no. (i) detailed on page 24 of the EGM Notice.
ICEMAKE Stock Price Movement
Shares of Ice Make Refrigeration Limited are edging higher to ₹733.15 as of 1:15 PM today, gaining ₹4.90 or 0.67%. The equity is maintaining strong intraday activity, trading within a range that spans from a low of ₹702.5 to a high of ₹736.1 on 35,628 shares.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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