Ganga Forging Completes Rights Issue Allotment of 20.22 Cr Shares Worth ₹32.96 Crore
Ganga Forging Limited has completed the allotment of 20.22 crore equity shares via a rights issue. The fundraising exercise aggregated ₹32.96 crore at an issue price of ₹1.63 per share. This allotment has significantly increased the company's paid-up equity share capital.
The rights issue represents a significant capital infusion for the company, which could impact its financial standing and future growth prospects. The amount raised is substantial relative to the company's current capital.
The company successfully completed a rights issue, raising capital and increasing its paid-up equity share capital, which is generally viewed positively.
Ganga Forging Limited announced the successful allotment of 20,22,03,345 equity shares of face value Re. 1 each through a rights issue. The allotment, approved by the Board of Directors on July 21, 2026, was made at an issue price of ₹1.63 per share, including a premium of ₹0.63 per share.
The total amount raised from this rights issue amounts to ₹32.96 crore (32,95,91,452). The company received valid applications for 24,20,39,870 equity shares. This allotment has increased the company's paid-up equity share capital from ₹13.48 crore (13,48,02,230 shares) to ₹33.70 crore (33,70,05,575 shares).
The Board meeting, which commenced at 7:55 PM and concluded at 8:05 PM on July 21, 2026, also reviewed the basis of allotment finalized in consultation with the Registrar to the Issue, MUFG Intime India Private Limited.
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Ganga Forging Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Ganga Forging Limited. Read the original for the full detail.