Gujarat Cotex Completes Rights Issue Allotment of 8,06,89,241 Equity Shares at ₹5 Per Share

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 13/05/2026. 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.

Rights Issue Details

The rights issue, comprising up to 8,06,89,241 fully paid-up equity shares of face value ₹5 each for cash, was offered at a price of ₹5 per rights equity share at par. The issue opened on 10/04/2026 and closed on 08/05/2026. The Board of Directors convened a meeting on Wednesday, 13/05/2026, 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.

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:

Particulars: Pre-Allotment Post-Allotment Paid-up Equity Share Capital: ₹7,12,20,000/- divided into 14244000 Equity Shares of ₹5/- each ₹47,46,66,205/- divided into 94933241 Equity Shares of ₹5/- each

The allotment was approved by Shaileshkumar Jayantkumar Parekh, Managing Director (DIN: 01246270), on behalf of Gujarat Cotex Limited, with the intimation submitted to BSE Limited in accordance with the applicable regulatory requirements.

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.

Parameter: Details Regulation: SEBI Regulation 74(5) Period Covered: March 31, 2026 Submission Date: April 16, 2026 Registrar: Purva Sharegistry (India) Pvt. Ltd. Stock Exchange: BSE Limited Scrip Code: 514386

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.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.