Gala Global Products approved a rights issue of up to ₹25.00 Crores during its board meeting on September 12, 2026. The capital raise targets existing eligible equity shareholders.

The Board of Directors authorized the issuance of fully paid-up equity shares with a face value of ₹5 each. Specific details regarding the issue price, entitlement ratio, and record date will be determined by a newly constituted Rights Issue Committee.

Rights Issue Structure

The company will file a Draft Letter of Offer with the Bombay Stock Exchange (BSE) to seek in-principal approval for the issue. The final terms, including the number of securities and the rights entitlement ratio, will be disclosed in the Final Letter of Offer.

Committee Formation and Intermediaries

The Board constituted a Rights Issue Committee comprising company directors. This committee is empowered to finalize all critical aspects of the offer, including opening and closing dates, and to appoint necessary intermediaries.

Approved appointments include:

• Registrar to the Issue (SEBI registered RTA)
• Legal Counsel and professional advisors
• Bankers to handle application monies and ASBA arrangements

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Gala Global Products has scheduled its 16th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 11:00 am.

The company published public notices in The Financial Express (English and Gujarati editions) on September 8, 2026, detailing the convening of the AGM and remote e-voting instructions. These disclosures comply with Ministry of Corporate Affairs (MCA) Circulars No. 20/2020 and No. 02/2021, as well as SEBI Circulars No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 and subsequent updates.

Board Approvals and Corporate Actions

During its board meeting held on September 29, 2026, from 4:30 pm to 5:00 pm, the directors approved the Director's Report for the financial year ended March 31, 2026. The board also sanctioned various related party transactions in accordance with regulatory requirements.

Mr. Sachin Thakkar, a Practicing Company Secretary with M/s Sachin Thakkar & Associates in Ahmedabad, was appointed as the Scrutinizer for the 16th AGM. This role ensures independent oversight of the voting process during the shareholder assembly.

Regulatory Compliance

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Vishal Mulchandbhai Gala, a Director of the company, digitally signed the communication on September 7, 2026, requesting the Bombay Stock Exchange to update the company's records accordingly.