Ganga Bath Fittings Limited Approves Rights Issue Up To ₹17 Crore

Board approved a rights issue of fully paid-up equity shares for an amount not exceeding Rs 17 Cr and approved the Draft Letter of Offer for filing with SEBI and the stock exchanges. This is the first equity raise since listing and marks a shift from the company's recent IPO-funded expansion phase to further shareholder-funded growth. A Rights Issue Committee and necessary intermediaries were approved. The issue price, entitlement ratio, record date, use of proceeds, dilution quantum and timeline remain undisclosed; completion is subject to applicable regulatory and shareholder processes.