GS Auto International Ltd — Important, 18-05-2026: Company Update

G S Auto International's Rights Issue Committee has approved terms for its proposed Rights Issue. The company will issue up to 2.90 crore partly paid-up equity shares, each with a face value of ₹5, priced at ₹10 per share. Shareholders will pay ₹5 on application, with the remaining ₹5 on future calls. The issue aims to raise up to ₹29.03 Cr, assuming full subscription. A record date has been set to determine eligible shareholders, who will receive two new shares for every one existing share held. This expansion will significantly increase the company's total equity shares.