ALPHA TRIBE

GS Auto International LtdImportant, 14-08-2026: Company Update

14-08-2026 | 12:59 pm

G.S. AUTO INTERNATIONAL LIMITED has confirmed that there was no deviation in the utilization of funds raised through its Rights Issue during the quarter ended June 30, 2026. The company raised 29.03 Cr from the Rights Issue. Funds were allocated for capital expenditure (1.96 Cr), working capital (16.85 Cr), acquisitions and general corporate purposes (9.47 Cr), and issue expenses (0.75 Cr). In the quarter, 4.34 Cr was used for working capital and 0.23 Cr for issue expenses. This report assures investors that funds are being deployed as per the original plan, demonstrating strong financial discipline.

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