Gujarat Cotex Limited has successfully concluded its rights issue with the Board of Directors approving the allotment of 8,06,89,241 (Eight Crore Six Lacs Eighty Nine Thousand Two Hundred Forty One) fully paid-up equity shares on May 13, 2026. The shares were allotted at an issue price of ₹5 per equity share, at par with the face value, aggregating up to ₹40,34,46,205. The allotment was made to eligible shareholders and/or renouncee(s) in terms of the Letter of Offer, following finalisation of the basis of allotment in consultation with the Registrar to the Issue and as approved by BSE Limited, the Designated Stock Exchange for the Issue. Subsequently, on May 16, 2026, the company submitted newspaper advertisements publishing the basis of allotment in Financial Express (English), Jansatta (Hindi), and Financial Express (Gujarati), as intimated to BSE Limited.

Rights Issue Details

The rights issue comprised up to 8,54,64,000 fully paid-up equity shares of face value ₹5 each, offered for cash at a price of ₹5 per rights equity share at par, aggregating to ₹4,273.20 lakhs. The issue was offered in the ratio of 6 rights equity shares for every 1 fully paid-up equity share held by eligible equity shareholders on the record date of April 01, 2026. The issue opened on April 10, 2026 and closed on May 08, 2026, with the last date for market renunciation of Rights Entitlements being May 05, 2026. The Board of Directors convened a meeting on May 13, 2026, commencing at 9:30 P.M. IST and concluding at 10:10 P.M. IST, at which the allotment was considered and approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Basis of Allotment

Out of the total 1,942 applications for 8,22,66,850 equity shares, 500 applications for 15,77,609 equity shares were rejected on technical grounds as disclosed in the Letter of Offer. The total number of fully valid applications received was 1,442 applications for 8,06,89,241 equity shares. The basis of allotment was finalised on May 13, 2026, in consultation with the Registrar to the Issue and BSE Limited. All valid applications were considered for allotment.

The following table summarises the total applications received and shares allotted across categories:

The detailed category-wise basis of allotment, including shares accepted against rights entitlements and additional applications, is presented below:

Post-Allotment Actions and Listing

Following the finalisation of the basis of allotment, the dispatch of allotment advice cum refund intimation and reason for rejection to investors was completed on May 14, 2026. Instructions to Self Certified Syndicate Banks (SCSBs) for unblocking funds in case of ASBA applications were given on May 13, 2026. The listing application was executed with BSE on May 14, 2026, and listing approval was received on May 14, 2026. The credit of equity shares in dematerialised form to respective demat accounts of allottees was to be completed on or before May 14, 2026. Pursuant to listing and trading approvals granted by BSE, the rights equity shares allotted in the issue were expected to commence trading on BSE on or before May 15, 2026. The request for extinguishment of rights entitlements with NSDL and CDSL was expected to be completed on May 15, 2026.

Impact on Paid-Up Equity Share Capital

The completion of the rights issue allotment has resulted in a significant increase in the company's paid-up equity share capital. The following table summarises the change in capital structure:

The allotment was approved by Shaileshkumar Jayantkumar Parekh, Managing Director (DIN: 01246270), on behalf of Gujarat Cotex Limited. The newspaper advertisement submission on May 16, 2026 was signed by Shaileshkumar Jayantkumar Parekh, Managing Director, and the intimation was submitted to BSE Limited in accordance with applicable regulatory requirements. Purva Sharegistry (India) Private Limited served as the Registrar to the Issue, while Ms. Shweta Naresh Kumar Temani served as Company Secretary and Compliance Officer.

Gujarat Cotex Limited has filed a confirmation certificate with BSE Limited under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. The certificate covers the period ended March 31, 2026, and was submitted on April 16, 2026.

Regulatory Compliance Submission

The textile company submitted the mandatory certificate received from Purva Sharegistry (India) Pvt. Ltd., which serves as the company's registrar and transfer agent. The submission was made in accordance with SEBI regulations governing depositories and participants.

Certificate Confirmation Details

Purva Sharegistry (India) Pvt. Ltd., a SEBI registered Category 1 registrar (Registration No. INR000001112), confirmed compliance with dematerialisation procedures for the quarter ended March 2026. The registrar verified that securities received from depository participants for dematerialisation were properly confirmed to the depositories within prescribed timelines.

Dematerialisation Process Compliance

The confirmation certificate validates several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected to depositories
• Security certificates have been listed on stock exchanges where earlier issued securities are traded
• Received security certificates were mutilated and cancelled after verification by depository participants
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Company Information

Gujarat Cotex Limited operates from its registered office at Shop No. 3, Shanti Complex, Opp. Patel Petrol Pump, Amli, Dadra & Nagar Haveli. The company's Corporate Identity Number is L46695DN1996PLC000116. Shaileshkumar Jayantkumar Parekh, Managing Director (DIN: 01246270), signed the submission to BSE Limited.

The filing represents routine regulatory compliance, ensuring transparency in the company's securities handling and depository operations as mandated by SEBI regulations.