Gujarat Cotex to Accept Applications Against Undersubscribed Rights Issue

Gujarat Cotex Ltd's board has resolved to accept applications against the undersubscribed portion of its Rights Issue, following a gross subscription of 81.89% (6,99,86,850 Equity Shares). The board is authorized to accept share applications from existing shareholders in a manner beneficial to the company and its shareholders. The company has received applications for 1,22,80,000 Equity Shares at ₹5 per share, totaling ₹6,14,00,000 from Vaxlab Enterprises Limited, EklingJi Tradelink Private Limited, Markand Tradeventure LLP, and Kushmanda Tradeline LLP. The board will consider and accept these applications upon receipt and verification of the subscription money.