Gujarat Cotex Limited Announces Rights Issue of ₹ 4,273.20 Lakhs Opening April 10, 2026

Gujarat Cotex Limited has announced a comprehensive rights issue, offering eligible shareholders an opportunity to subscribe to additional equity shares. The company has completed all preliminary requirements and published newspaper advertisements on April 08, 2026, informing shareholders about the dispatch of issue materials in compliance with SEBI regulations.

Rights Issue Details

The rights issue comprises up to 8,54,64,000 fully paid-up equity shares with a face value of ₹ 5/- each, priced at ₹ 5/- per rights equity share. The total issue size aggregates to ₹ 4,273.20 lakhs, assuming full subscription. The issue price represents one times the face value of the equity shares.

Parameter: Details Issue Size: Up to 8,54,64,000 equity shares Face Value: ₹ 5/- per share Issue Price: ₹ 5/- per share Total Amount: ₹ 4,273.20 lakhs Rights Ratio: 6:1 (6 rights shares for every 1 existing share) Record Date: April 01, 2026

Issue Timeline and Key Dates

The rights issue follows a structured timeline with specific dates for various activities. Eligible equity shareholders must note these critical dates to participate in the issue effectively.

Event: Date Issue Opening: April 10, 2026 Last Date for On-Market Renunciations: May 05, 2026 Issue Closing: May 08, 2026 LOF and Application Dispatch Completed: April 07, 2026 Newspaper Advertisement Published: April 08, 2026

The company's board reserves the right to extend the issue period, but not exceeding 30 days from the issue opening date. No withdrawal of applications will be permitted after the issue closing date.

Application Process and ASBA Requirements

In accordance with Regulation 76 of the SEBI ICDR Regulations, all investors must use the ASBA (Applications Supported by Blocked Amount) process for applications. This mandatory requirement ensures a secure and efficient application mechanism.

Key ASBA Features:

Investors must have an ASBA-enabled bank account with a Self Certified Syndicate Bank (SCSB)

Application forms can be submitted to designated SCSB branches or through online/electronic applications

Funds are blocked in the investor's account until allotment

Plain paper applications are also accepted under ASBA

Rights Entitlements and Demat Requirements

Rights entitlements will be credited in dematerialized form to eligible shareholders' demat accounts before the issue opening date. For shareholders holding equity shares in physical form, demat account details must be provided to the registrar or company at least two working days prior to the issue closing date.

Important Requirements:

All rights equity shares will be allotted only in dematerialized form

Shareholders with physical shares must provide demat account details

Rights entitlements can be renounced through on-market or off-market transfers

Unsubscribed rights entitlements will lapse after the issue closing date

Renunciation Options

Eligible shareholders can renounce their rights entitlements either fully or partially through two methods:

On-Market Renunciation:

Trading on BSE secondary market platform from April 10, 2026, to May 05, 2026

Rights entitlements tradable under ISIN: INE004C20010

T+1 rolling settlement basis with trade-for-trade settlement

Off-Market Renunciation:

Transfer through depository participants

Available throughout the renunciation period

Requires delivery and receipt instruction slips

Company Background and Listing Details

Gujarat Cotex Limited, incorporated on August 24, 1992, operates in the yarn texturing business. The company's existing equity shares are listed and traded on BSE under scrip code 514386 with ISIN: INE004C01028. The company has undergone several name changes and registered office relocations throughout its corporate history, with the name reverting to Gujarat Cotex Limited on December 27, 2006.

Contact Information and Support

Purva Sharegistry (India) Private Limited serves as the registrar to the issue, while ICICI Bank Limited acts as the banker. Investors can access issue materials on the company's website ( www.gujcotex.co ), registrar's website ( www.purvashare.com ), and BSE website ( www.bseindia.com ). For grievances and queries, shareholders can contact the registrar at support@purvashare.com or the company secretary at info@gujcotex.co .

Gujarat Cotex Limited has announced the approval of a substantial rights issue following its board meeting held on March 24, 2026. The board meeting, which took place at the company's registered office in Silvassa from 1:00 PM to 3:00 PM, resulted in the approval of key terms and conditions for the upcoming rights offering under SEBI regulations.

Rights Issue Details

The board has approved a comprehensive rights issue structure with specific parameters for eligible shareholders:

Parameter: Details Total Equity Shares: 8,54,64,000 fully paid-up shares Issue Size: Rs 427.32 crore Issue Price: Rs 5 per equity share (at par) Face Value: Rs 5 per equity share Rights Ratio: 6:1 (Six rights shares for every one existing share) Record Date: April 1, 2026

Issue Timeline and Process

The rights issue follows a structured timeline with specific dates for various phases of the offering:

Event: Date Record Date: April 1, 2026 Issue Opening Date: April 10, 2026 Last Date for Market Renunciation: May 5, 2026 Issue Closing Date: May 8, 2026

The company has established the record date as Wednesday, April 1, 2026, to determine shareholders eligible to receive rights entitlements. This provides eligible shareholders with the opportunity to subscribe to additional shares at the specified price of Rs 5 per share.

Formal Record Date Notification

In compliance with Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Gujarat Cotex Limited has formally notified all relevant depositories and the stock exchange about the record date:

Entity: Details BSE Scrip Code: 514386 ISIN Code: INE004C01028 Security Type: Equity Shares Book Closure: Not Applicable Record Date: April 01, 2026

The company has requested Central Depository Services (India) Limited, National Securities Depository Limited, and Purva Shareregistry (India) Private Limited to generate special BENPOS data as on the record date to facilitate the rights issue process.

Regulatory Compliance and Infrastructure

In compliance with SEBI Master Circular dated June 21, 2023, Gujarat Cotex Limited has made necessary arrangements with both NSDL and CDSL for crediting rights entitlements in dematerialized form. The rights entitlements will be credited to eligible shareholders' demat accounts under the ISIN INE004C20010 prior to the issue opening date.

BSE Limited has been designated as the stock exchange for the rights issue, and the company will file the Letter of Offer along with the Rights Entitlement Letter and Application Form with BSE Limited. The board has also approved other terms of the rights issue, including provisions for zero and fractional entitlements, which will be detailed in the Letter of Offer.

Corporate Governance

The board meeting outcome was communicated to BSE Limited under Regulation 30 and 42 of the SEBI (LODR) Regulations, 2015, and SEBI (ICDR) Regulations, 2018. The decision was formally approved and signed by Shaileshkumar Jayantkumar Parekh, Managing Director (DIN: 01246270), ensuring proper corporate governance protocols were followed throughout the approval process.

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