Gujarat Cotex Ltd — Important, 13-05-2026: Company Update

Gujarat Cotex's Board noted the Rights Issue received 81.89% subscription for 6,99,86,850 Equity Shares, leading to a request for a Stock Exchange extension. The Board is now authorized to accept applications for the undersubscribed portion from existing shareholders. The company has received applications from four existing shareholders for 1,22,80,000 Equity Shares at Rs. 5 each, totaling Rs. 6.14 Crore. These applications, upon verification of the funds, are accepted and will be considered for minimum subscription and allotment finalization, boosting the Rights Issue completion.