Galaxy Agrico Exports Ltd — Important, 17-05-2026: Company Update

Galaxy Agrico Exports shared the Monitoring Agency Report for its Rights Issue, confirming no deviation in the utilization of funds from the stated objects. The company raised INR 47.20 crore through the issue, which had an initial size of INR 48.99 crore. All raised funds have been fully deployed for purposes including property purchase in Hyderabad, business expansion via company takeover, and working capital requirements. The monitoring agency noted its review was best-effort due to delayed document submission, which the company attributed to ongoing audit and year-end closing activities. This update assures shareholders on fund deployment.