GS Auto International Limited is not required to disclose related party transactions for the half-year ended March 31, 2026, due to its paid-up equity share capital and net worth remaining below specified regulatory thresholds. The company confirmed that its paid-up capital did not exceed ₹10 crore and net worth did not exceed ₹25 crore as of March 31, 2025, the last day of the previous financial year. Consequently, the provisions of Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, do not apply to the entity for the second half-year.

The exemption is effective from April 1, 2024, and applies for a period of three consecutive financial years, provided the capital and net worth criteria are met. The company stated that it will comply with the disclosure requirements within six months if the provisions become applicable at a later date. This non-applicability also extends to various corporate governance regulations, including Regulations 17 to 27 and specific clauses of Regulation 46.

A certificate from Sukhminder Singh & Co., Chartered Accountants, verified the financial position for the previous four financial years. The auditors confirmed that the equity share capital and net worth remained within the limits prescribed under Regulation 15(2) of the SEBI (LODR) Regulations, 2015. The certificate was issued based on documents produced for verification and submitted to the exchange on May 30, 2026.

Financial Metrics (In ₹ Lacs)

The company secretary, Jasmine Kaur, affirmed that the firm will adhere to the regulations once the financial metrics exceed the stipulated limits. The submission included the necessary auditor certification to validate the claim of non-applicability.

G S Auto International Limited has completed the dispatch of the letter of offer and application forms for its proposed rights issue on May 26, 2026. The company also published an advertisement regarding the completion of the dispatch in newspapers including Business Standard (English and Hindi) and Desh Sewak (Punjabi) on May 27, 2026. This development follows the earlier approval from the Board of Directors and the 'In-Principle Approval' from BSE Limited.

Key Terms of the Rights Issue

The Rights Issue Committee approved the issuance of up to 2,90,29,160 (Two Crore Ninety Lakhs Twenty-Nine Thousand One Hundred Sixty) partly paid-up equity shares of face value ₹5.00 each, at a price of ₹10.00 per share, for an aggregate amount of up to ₹2,902.92 Lakhs (assuming full subscription). The rights entitlement ratio is set at 2:1 — two partly paid rights equity shares for every one existing fully paid-up equity share held as on the record date of Friday, May 22, 2026.

The following table summarises the key parameters of the rights issue:

Payment Structure for Rights Equity Shares

The issue price of ₹10.00 per rights equity share is structured as partly paid, with payments split into two tranches. The amount payable on application constitutes 50% of the issue price, while the remaining 50% is payable through one or more additional calls. The breakdown of the payment schedule is as follows:

Rights Issue Schedule and ISIN Allocation

G S Auto International has announced the schedule for the rights issue, which opens on Tuesday, June 02, 2026, and closes on Wednesday, June 10, 2026. The last date for on-market renunciation of rights entitlements is Friday, June 05, 2026. The Board reserves the right to extend the issue period, provided it does not exceed 30 days from the issue opening date. No withdrawal of applications will be permitted after the issue closing date.

The company has obtained the necessary International Securities Identification Numbers (ISINs) for the credit of rights entitlements and the partly paid-up equity shares. The ISIN for the rights entitlements is INE736H20016. For the partly paid-up equity shares with a face value of ₹5 and a paid-up value of ₹2.5, the allocated ISIN is IN9736H01014. A temporary ISIN, IN8736H01023, has been assigned for partly paid-up equity shares pending listing and trading approval.

Share Capital Impact and Compliance

Prior to the rights issue, the company has 1,45,14,580 (One Crore Forty-Five Lakh Fourteen Thousand Five Hundred Eighty) fully paid-up equity shares of face value ₹5.00 each outstanding. Post the rights issue, assuming full subscription and payment of call monies, the outstanding equity shares are expected to rise to 4,35,43,740 (Four Crore Thirty-Five Lakh Forty-Three Thousand Seven Hundred Forty) equity shares of face value ₹5.00 each.

In accordance with the SEBI master circular, GS Auto International has made necessary arrangements with NSDL and CDSL for the credit of rights entitlements with a separate ISIN in dematerialised form to the demat accounts of eligible equity shareholders against equity shares held as on the record date. The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.