GS Auto International Closes Rights Issue Subscription Period for Equity Shares
GS Auto International Ltd has confirmed the closure of the subscription period for its Rights Issue, which concluded on Wednesday, June 10, 2026. The offering involved up to 2,90,29,160 partly paid-up Equity Shares of the company.The Rights Issue was conducted by the Company, providing existing shareholders with an opportunity to subscribe through a rights basis. The terms of the issue stated that subscribers could purchase the shares at an Issue Price of Rs. 10.00/- each (Rupees Ten Only). These shares are partly paid-up and carry a face value of Rs. 5.00/- per share.
The offering was conducted in the ratio of two Rights Equity Shares for every one fully paid-up Equity Share held by existing shareholders as of the record date, which was Friday, May 22, 2026. The aggregate amount raised through the rights issue is up to Rs. 2902.92 Lakhs.
Key details regarding the Rights Issue are summarized below:
| Particulars | Details |
|---|---|
| Number of Securities offered | 2,90,29,160 |
| Number of Rights entitlements to be traded | 2,90,29,160 |
| Issue opening date | Tuesday, June 02, 2026 |
| Issue closing date | Wednesday, June 10, 2026 |
The Company noted that any unused rights entitlements will lapse following the closure of the Rights Issue Subscription period.
Stock Price Movement
GS Auto International Ltd saw its shares settle at ₹13.79 after the trading day, finishing up 5.43%. The stock experienced significant intraday volatility, testing lows near ₹13.00 while climbing to an intraday high of ₹14.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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