Investment30 Mar 2026, 01:44 pm
GS Auto International Ltd. to Raise Funds via Rights Issue of up to ?30 Crores
AI Summary
GS Auto International Ltd. announced that its Board of Directors approved the raising of funds through the issuance of equity shares with a face value of ?5/- each by way of a Rights Issue. The Rights Issue aims to raise an approximate amount of up to ?30 Crores (Rupees Thirty Crores only) from eligible equity shareholders. The company will constitute a Rights Issue Committee to decide the terms and conditions, including the record date, rights issue price, rights entitlement ratio, appointment of intermediaries, and other related matters.
Key Highlights
- GS Auto International Ltd. to raise funds through Rights Issue of up to ?30 Crores.
- The Rights Issue is for equity shares with a face value of ?5/- each.
- The Rights Issue will be offered to eligible equity shareholders of the company.
- The company will constitute a Rights Issue Committee to decide the terms and conditions.
- Appointment of M/s. Gurdip Kumar & Associates as Internal Auditor for the Financial Year 2025-26.