ALPHA TRIBE

Galaxy Agrico Exports LtdImportant, 28-01-2026: Company Update

28-01-2026 | 08:41 pm

Galaxy Agrico Exports Limited has announced a Rights Issue of up to 1.37 Cr equity shares at ₹35.87 each, totaling ₹48.99 Cr. Existing shareholders can subscribe to five new shares for every one held. The company plans to use the net proceeds, amounting to ₹48.20 Cr, primarily for purchasing property in Hyderabad (₹20 Cr), acquiring another company (Earth Capital Finvest Limited for ₹10 Cr), meeting working capital needs (₹6.20 Cr), and for general corporate purposes (₹12 Cr). This capital raise aims to expand the company's asset base, strengthen operations, and enhance market position.

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