Ganga Forging Limited (GANGAFORGE) — Board Meeting | 27 June 2026

Ganga 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.