GS Auto International Ltd Allots 29 Million Shares in Rights Issue Exercise
GS Auto International Limited announced the completion of its rights issue allotment, approving the issuance of equity shares pursuant to the rights issue committee meeting held on June 11, 2026.The company's Right Issue Committee considered and approved the allotment of 29,029,160 Partly paid-up equity shares. These shares have a face value of ₹5/each and were issued at a price of ₹10/- per share. The allotment proceeded in accordance with the terms and conditions detailed in the Letter of Offer dated May 21, 2026, and the Basis of Allotment finalized with Skyline Financial Services Private Limited, the Registrar to the Issue.
The successful completion of the allotment has significantly altered the company's paid-up share capital structure.
Pre-Rights Issue Equity Share Capital
| Particulars | No. of Shares | Amount (in ₹) |
|---|---|---|
| Fully Paid-up Equity share capital | 1,45,14,580 | 7,25,72,900 |
| Partly Paid-up Equity share capital | NIL | NIL |
| Total Equity Share Capital | 1,45,14,580 | 7,25,72,900 |
Post-Rights Issue Equity Share Capital
The allotment of the rights issue shares resulted in a total equity share capital increase. The breakdown is as follows:
| Particulars | No. of Shares | Amount (in ₹) |
|---|---|---|
| Fully Paid-up Equity share capital @ Rs. 5.00/- per share | 1,45,14,580 | 7,25,72,900 |
| Partly Paid-up Equity share capital @ Rs. 2.50/- per share | 2,90,29,160 | 7,25,72,900 |
| Total Equity Share Capital | 4,35,43,740 | 14,51,45,800 |
The meeting of the Rights Issue Committee commenced at 05:30 p.m. and concluded by 05:45 p.m.
Stock Price Movement
GS Auto International Ltd settled at ₹15.14 today, posting a strong 9.79% gain after the market closed. The shares saw significant movement during the day, hitting an intraday high of ₹15.60 and bottoming out at ₹13.57.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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