Ganga Forging Limited's Board approved the standalone unaudited financial results for the quarter ended June 30, 2026. The meeting, held on July 18, 2026, also sanctioned the incorporation of a wholly owned subsidiary in the United Arab Emirates (UAE). The financial results were reviewed by the Audit Committee prior to approval.

Financial Results

The Board considered and approved the unaudited standalone financial results for the period. The documents have been hosted on the Stock Exchange website and the company's investor relations portal.

Key Details

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copies of the newspaper publication of the results were submitted to the National Stock Exchange of India Limited.

Ganga Forging Limited has commenced the process for its Rights Issue, opening the subscription period on July 10, 2026. The company aims to raise funds by issuing up to 20,22,03,345 fully paid-up equity shares with a face value of Re. 1 each at a price of ₹1.63 per share. The issue is being offered on a rights basis to eligible equity shareholders in the ratio of 3 rights equity shares for every 2 fully paid-up equity shares held on the record date of July 02, 2026.

The company has confirmed the completion of dispatch for the Letter of Offer dated June 25, 2026, Application Forms, and Rights Entitlement Letters. The dispatch of these materials via email was completed on July 06, 2026, while physical copies were sent via Speed Post on the same date. Rights Entitlements have been credited to the demat accounts of eligible shareholders under ISIN INE691Z20015 as of July 06, 2026.

Issue Schedule

The Rights Issue schedule outlines key dates for shareholders, including the opening and closing of the issue and the renunciation period. The Board retains the right to extend the issue period by up to 30 days from the opening date.

Application Process

Applications for the Rights Issue must be made mandatorily through the Application Supported by Blocked Amount (ASBA) process. Shareholders can submit applications either physically at designated branches of Self-Certified Syndicate Banks (SCSBs) or electronically via the SCSB websites. In cases where shareholders do not receive the application form, they may apply on plain paper, provided they have an Indian address, though such applicants will not be entitled to renounce their Rights Entitlements.

The company has established a separate demat suspense escrow account for Rights Entitlements related to shares held in physical form, those in the Investor Education and Protection Fund (IEPF), or shares belonging to shareholders with frozen demat accounts. Eligible shareholders in these categories must submit relevant documents to the company or registrar by July 15, 2026, to facilitate the transfer of entitlements to their demat accounts. Failure to provide these details will result in the lapse of the entitlements.

Listing and Registrar Details

The existing equity shares of Ganga Forging Limited are listed on the National Stock Exchange of India Limited (NSE). The company has received in-principle approval from the NSE for the listing of the Rights Equity Shares. MUFG Intime India Private Limited has been appointed as the Registrar to the Issue to manage the subscription process and address investor grievances.