GS Auto International Ltd. Announces Rights Issue and Appointments
GS Auto International Ltd. announced on March 30, 2026, that its Board of Directors approved a rights issue to raise approximately 30 Crores (Rupees Thirty Crores). The rights issue will be offered to eligible equity shareholders as on a record date to be notified subsequently. The offering will be conducted in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.The Board also constituted a Rights Issue Committee to proceed with the rights issue and determine related terms and conditions, including the record date, rights issue price, and rights entitlement ratio.
In other corporate updates, GS Auto International Ltd. appointed M/s. Gurdip Kumar & Associates as the Internal Auditor for the financial year 2025-26. Mr. Vikas Singh Rawat resigned from the position of Internal Auditor, effective March 21, 2026. Additionally, M/s. Baldev Arora & Associates was re-appointed as the Secretarial Auditor for the financial year 2025-26.
Details of Appointments:
| Particulars | Detail |
|---|---|
| Name of Internal Auditor | M/s. Gurdip Kumar & Associates, Chartered Accountants |
| Name of Secretarial Auditor | M/s. Baldev Arora & Associates, Company Secretaries |
| Term | Financial Year 2025-26 |
M/s. Gurdip Kumar & Associates is a professional services firm based in Ludhiana providing internal audit, taxation, regulatory compliance, and advisory services. M/s. Baldev Arora & Associates is a proprietorship firm controlled by CS Baldev Raj Arora, with 34 years of experience in corporate and securities law.
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