Key EventBoard approved allotment of 20,22,03,345 rights shares at Rs 1.63 per share
Key EventBoard approved Q1 FY26 results and UAE subsidiary incorporation
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Ganga Forging Limited received a SEBI-mandated confirmation certificate from its share transfer agent, MUFG Intime India, for the quarter ended June 30, 2026, confirming dematerialized securities were processed and updated in depositories within regulatory timelines.
Sign up to read summaryGanga Forging Limited proposes a rights issue of up to 20,22,03,345 equity shares at Rs 1.63 per share (including Rs 0.63 premium), raising gross proceeds of Rs 3295.91 Lakhs. The issue, on a 3:2 ratio with a July 2, 2026 record date, requires applications via ASBA by July 20, 2026. Net proceeds of Rs 3260.91 Lakhs will fund capital expenditure for new machinery (Rs 227.55 Lakh), repayment of a Rs 700 Lakh cash credit facility, working capital for ERC production (Rs 737 Lakh), and general corporate purposes (Rs 488.22 Lakh, capped at 25%). The issue is restricted to eligible Indian shareholders, with no US registration, and faces risks including market volatility, dilution, and procedural delays.
Sign up to read summaryGanga Forging Limited announced a rights issue of 20.22 million equity shares at Rs 1.63 per share, raising up to Rs 32.96 crore, with a 3:2 entitlement ratio effective July 2, 2026, opening July 10 and closing July 20, subject to extension, and will increase total shares to 33.70 million if fully subscribed.
Sign up to read summaryGanga Forging Limited announced a rights issue of 20.22 million shares at ₹1.63 per share, raising up to [amount not verified], with a record date of July 2, 2026, and a 3:2 entitlement ratio. The issue opens July 10, 2026, and closes July 20, 2026, subject to extension. Post-issue shares will rise to 33.70 million assuming full subscription. The company filed the offer with SEBI and NSE.
Sign up to read summaryGanga Forging Limited filed a general corporate document on April 7, 2026. The filing lacks specific financial metrics, operational updates, or material announcements. Without disclosed figures or substantive changes, the document appears to be routine regulatory compliance. Investors should review the complete filing for detailed disclosures on performance, governance, or strategic developments.
Sign up to read summaryGanga Forging Limited filed a general corporate disclosure on 31 March 2026. Without access to the specific filing content, details regarding financial performance, operational updates, or material events cannot be determined. Investors should review the complete regulatory filing on the NSE website or the company's investor relations portal for comprehensive information on this period's developments.
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