GS Auto International Ltd Defers Rights Issue Committee Meeting Pending BSE Approval
GS Auto International Ltd has announced a deferral of the meeting of its Rights Issue Committee concerning the proposed rights issue of equity shares. The committee meeting, initially scheduled for April 07, 2026, was intended to consider and approve key modalities related to the rights issue.The company stated that the consideration of the rights issue matter has been postponed until the receipt of 'in-principle' approval from the BSE Limited. This development follows an earlier communication from the company dated April 03, 2026.
The committee meeting was set to address the Issue Price, Entitlement Ratio, and other related modalities, as previously approved by the Company’s Board of Directors during its meeting held on March 30, 2026. However, the proceedings were put on hold due to the pending in-principle approval from the BSE.
Stock Price Movement
As of 12:23 PM, GS Auto International Ltd shares are ticking up to ₹32.00, marking a 4.88% gain for the day. The stock has seen movement throughout the session, trading between an intraday low of ₹31.00 and an intraday high of ₹32.40.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.