Gujarat Hy-Spin Ltd. to Increase Authorized Share Capital and Allot Equity Shares on Preferential Basis

Gujarat Hy-Spin Ltd. announced that its board of directors approved an increase in the authorized equity share capital and alteration of the capital clause of the memorandum of association. The board also approved the creation, offer, issue, and allotment of up to 60,00,000 equity shares on a preferential allotment basis to non-promoters at a price of Rs. 40/- per equity share, including a premium of Rs. 30/- per equity share. The company will convene an Extra Ordinary General Meeting on 11th October 2025 to seek shareholders' approval for the aforementioned matters.