Galaxy Agrico Exports Limited successfully completed its rights issue process with the Board of Directors allotting 1,31,59,102 equity shares on March 05, 2026. The allotment followed approval from BSE Limited as the Designated Stock Exchange for finalizing the basis of allotment, marking the culmination of the company's capital raising initiative that began with committee approvals in early March.

Rights Issue Allotment Details

The Board of Directors meeting, held from 5:00 PM to 6:00 PM IST on March 05, 2026, formalized the allotment process following regulatory approvals. The allotment covers applications that were previously reviewed and approved by the Rights Issue Committee.

Application Review Process

Prior to the final allotment, the Rights Issue Committee had conducted a comprehensive review of applications on March 04, 2026. The committee examined applications from shareholders categorized as Non-Eligible Shareholders and Applications Renounced with Zero Rights Entitlement, processing a total of 1,19,07,315 Rights Equity Shares from 273 applicants.

Regulatory Compliance Framework

The entire rights issue process adhered to multiple regulatory frameworks ensuring complete compliance with statutory requirements. The allotment was conducted under Regulation 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key regulatory compliance aspects included:

• Companies Act, 2013 provisions
• SEBI (ICDR) Regulations, 2018 requirements
• BSE listing regulations and guidelines
• Transparent disclosure requirements under SEBI norms

Corporate Communication

Director Prashant Sudhir Khairnar (DIN: 11434708) signed the official communication to BSE Limited, confirming the successful completion of the allotment process. The communication was digitally signed and submitted to the exchange for record-keeping and regulatory compliance purposes.

The rights issue represents a significant milestone in Galaxy Agrico Exports' capital expansion strategy, with the company successfully raising funds through the structured rights offering to existing shareholders.

Galaxy Agrico Exports Limited has announced a further extension of its ongoing rights issue timeline, providing eligible shareholders with additional time to participate in the offering. The decision was approved during a Rights Issue Committee meeting held on February 03, 2026.

Rights Issue Timeline Extension

The company's rights issue, which commenced on February 02, 2026, has received an extended closing date to accommodate shareholder participation. The Rights Issue Committee has approved the extension to provide a further window of opportunity for eligible equity shareholders to apply for the offering.

Complete Revised Schedule

The company has provided a comprehensive timeline for the rights issue process, ensuring clarity for all stakeholders:

Terms and Conditions Remain Unchanged

The company has clarified that there are no changes to the terms and conditions of the Letter of Offer (LOF), Abridged Letter of Offer (ALOF), or Application Form. The only modifications relate to the issue closing date and the resultant revision to the indicative timeline of post-issue activities.

Documentation and Accessibility

To ensure transparency and accessibility, the addendum to the LOF with the revised closing date and timeline will be made available across multiple platforms:

• Company's website at https://www.galaxyagrico.com/
• Registrar's website at www.purvashare.com
• BSE website at www.bseindia.com

The Rights Issue Committee meeting commenced at 05:00 pm and concluded at 05:30 pm on February 03, 2026. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.