GS Auto International Ltd Delays Rights Issue Consideration Due to BSE Approval Pending

GS Auto International Ltd, in a recent development, has announced the postponement of the consideration of their Rights Issue by the Rights Issue Committee. The decision was made due to the lack of 'in-principle' approval from the BSE Limited (BSE) for the proposed Rights Issue of Equity Shares. The Committee had initially scheduled a meeting on April 07, 2026, to approve the Issue Price, Entitlement Ratio, and other modalities related to the Rights Issue. However, as the approval from BSE was not received, the consideration of this matter was deferred. The Company had previously announced the proposed Rights Issue in a meeting of the Board held on March 30, 2026.