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Gujarat Cotex Ltd — Share Issue/Capital Change 2026
May 13, 2026
62774_rns_2026-05-13_9f7a6410-0933-42ed-abee-bda309f597a9.pdf
Share Issue/Capital Change
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GUJARAT COTEX LIMITED
Where Information, Innovation and Technology are the Key words
CERTIFIED TRUE COPY OF THE RESOLUTION PASSES AT THE MEETING OF THE BOARD OF DIRECTORS OF GUJARAT COTEX LIMITED FOR FY 2026-2027 HELD ON FRIDAY, 08TH DAY OF MAY, 2026 AT 08:00 P.M AT THE CORPORATE OFFICE OF THE COMPANY.
To Accept Applications against undersubscribed Portion of Right Issue
"RESOLVED THAT the Board took note that, as on the closing date of the Rights Issue, the gross subscription received for the issue was 81.89% aggregating to 6,99,86,850 Equity Shares through the Exchange platform, pursuant to which the Company proposes to make request for extension to the Stock Exchange.
RESOLVED FURTHER THAT pursuant to the provisions of Section 62(1)(iii) of the Companies Act, 2013 and the Letter of Offer, upon expiry of the issue period, the Board of Directors be and is hereby authorised to accept share Application against the undersubscribed portion of the Rights Issue to the existing shareholders of the Company in a manner considered beneficial to the interests of the Company and its shareholders.
RESOLVED FURTHER THAT the Company has received applications from the following existing shareholders for subscription to 1,22,80,000 Equity Shares at an issue price of Rs. 5/- per Equity Share aggregating to Rs. 6,14,00,000/-, and the said application money to be deposited in the Company’s escrow account designated for the Rights Issue. The details are as under :
| Name | Number of Shares | Amount |
|---|---|---|
| Vaxfab Enterprises Limited | 3,000,000 | 15,000,000 |
| EklingJi Tradelink Private Limited | 1,980,000 | 9,900,000 |
| Markand Tradeventure LLP | 4,100,000 | 20,500,000 |
| Kushmanda Tradeline LLP | 3,200,000 | 16,000,000 |
"RESOLVED FURTHER THAT subject to receipt of documentary confirmation from the designated bank evidencing receipt of subscription money aggregating to Rs. 6,14,00,000/- towards subscription of 1,22,80,000 Equity Shares, and upon verification of the said subscription amount, the applications made by Vaxfab Enterprises Limited, EklingJi Tradelink Private Limited, Markand Tradeventure LLP and Kushmanda Tradeline LLP be and are hereby considered and accepted.
RESOLVED FURTHER THAT the above applications be considered for the Purpose of minimum subscription and for finalizing basis of allotment
For Gujarat Cotex Limited
S.J. Pimich
Shailesh Parekh
Managing Director
DIN: 01246270
GUJARAT COTEX LIMITED
Director
SHAILESH J PAREKH
Digitally signed by
SHAILESH J PAREKH
Date: 2026.05.13
20:11:10 +05'30'
Corporate Office : 2007, Shankar Plaza, Nanpura, Timaliyawad, Surat-395 001 GUJARAT - INDIA M. +91 9327977729 M. + 91 8347000000
Registered Office : Shop No. 3, Shanti Complex, Opp. Patel Petrol Pump, Amli, SILVASSA - 396230, (Dadra & Nagar Haveli) M. 9327977729
E-mail : [email protected]
Web : www.gujcotex.co
CIN : L46695DN1996PLC000116
Ph. No. : 0261-3100550