₹42.73 Crores | Listing at BSE | Fri, Apr 10, 2026 - Fri, May 8, 2026
Gujarat Cotex Ltd Rights Issue comprises 8.55 Cr equity shares aggregating to ₹42.73 Cr, offered at an issue price of ₹5 per share with a face value of ₹5 per share.
The record date for determining eligible shareholders is Apr 1, 2026, with the Rights Issue being offered in the entitlement ratio of 6:1.
As per the terms of payment, ₹5 per share payable in full at the time of application.
The Rights Issue opens on Apr 10, 2026 and closes on May 8, 2026.
The deemed date of allotment is May 12, 2026, following which the equity shares are expected to be credited to demat accounts on May 12, 2026 and listed on the BSE on May 13, 2026.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Gujarat Cotex Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Apr 1, 2026
Entitlement Ratio
6 : 1
Open Date
Fri, Apr 10, 2026
Close Date
Fri, May 8, 2026
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total Income | 22.24 | 27.31 | 16.91 | 16.63 |
| Profit After Tax | 0.77 | 0.22 | 0.19 | 0.01 |
| EBITDA | 0.77 | 0.36 | 0.30 | 0.06 |
| NET Worth | 7.63 | 6.86 | 6.64 | 6.45 |
| Reserves and Surplus | -0.26 | -0.26 | -0.48 | -0.67 |
| Amount in ₹ Crore | ||||
Incorporated in 1992, Gujarat Cotex Limited is an Indian micro-cap company based in Surat, Gujarat. It is primarily involved in trading textile fabrics, including cotton, polyester, and blends, alongside manufacturing, bleaching, and printing services. The company has diversified into real estate trading and hospitality, serving domestic markets.
The company is engaged in the purchase and sale of non-agricultural land and plots, as well as in hospitality services.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funds required to complete the hotel construction | 9.60 |
| 2 | To Purchase of new Registered Office | 2.14 |
| 3 | To meet Working Capital Requirements | 19.31 |
| 4 | General Corporate Purposes | 10.68 |
| Total | 41.73 |
[Dilip Davda] GCL was originally incorporated as a textile manufacturing unit, and has off-late diversified in to Hospitality and Real Estate segment. The company posted growth in its top and bottom lines, but on a minuscule level. The RI at par value appears fully priced, and is a risky bet considering its non-core area diversification. Seven-fold rise in its post-RI paid-up equity capital may have its servicing issue. There is no harm in skipping this “High Risk/No Return” bet. Read detail review...
Gujarat Cotex Rights Issue 2026 got subscribed by 0.82 times by the end of the bidding period with total bid quantity received by BSE of 6,99,86,850 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 08 2026 17:00:00 | 6,99,86,850 | 0.82x |
Gujarat Cotex Ltd
Shop No. 3, Shanti Complex,
Opp. Patel Petrol Pump
Amli, Silvassa
Dadra & Nagar Haveli, 396230
Purva Sharegistry (India) Pvt.Ltd.
The Gujarat Cotex Rights Issue 2026 opens on Fri, Apr 10, 2026, and closes on Fri, May 8, 2026.
Gujarat Cotex Rights Issue 2026 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, May 5, 2026 |
| Issue Opening Date | Fri, Apr 10, 2026 |
| Issue Closing Date | Fri, May 8, 2026 |
| Date of Allotment (on or about) | Tue, May 12, 2026 |
| Date of Credit (on or about) | Tue, May 12, 2026 |
| Date of Listing (on or about) | Wed, May 13, 2026 |
You can apply for Gujarat Cotex Rights Issue 2026 in two ways:
Steps to apply for Gujarat Cotex Rights Issue 2026 using Net Banking (ASBA)
Steps to apply for Gujarat Cotex Rights Issue 2026 using Registrar's website (R-WAP)
