Gala Global Products Approves ₹25 Cr Rights Issue

Gala Global Products Ltd announced that its Board of Directors has approved a Rights Issue to raise up to ₹25.00 Crores. The funds will be raised by issuing equity shares on a rights basis to existing eligible shareholders. The Board also approved the appointment of intermediaries and advisors for the issue and constituted a Rights Issue Committee to finalize terms like the Record Date, Issue Price, and Entitlement Ratio. The company aims to comply with SEBI regulations for this capital raise.