GS Auto International Limited announced significant corporate developments following its board meeting held on March 30, 2026, at Hotel Shivalikview in Chandigarh. The meeting, which commenced at 12:30 P.M. and concluded at 01:15 P.M., resulted in several key approvals that will shape the company's financial and operational structure for the upcoming period.

Rights Issue Committee Meeting Scheduled

Following the board's approval of the rights issue, the company has scheduled a Rights Issue Committee meeting for Tuesday, April 07, 2026. The committee will consider, discuss and decide various matters including the specific terms of the Rights Issue, determination of the rights issue price and related payment mechanism, rights entitlement ratio, the record date and timing of the Rights Issue, and other related matters.

The decisions will be subject to the receipt of in-principle approval from the stock exchanges where the securities of the company are listed or such other regulatory authorities as may be required.

Rights Issue Approval

The board approved raising funds through a rights issue of equity shares with a face value of ₹5 each, targeting approximately ₹30 crores. This rights issue will be offered to eligible equity shareholders as on the record date, which will be notified subsequently. The issuance will comply with applicable regulations including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI Listing Regulations, and the Companies Act, 2013.

Internal Auditor Changes

The company appointed M/s. Gurdip Kumar & Associates as its new Internal Auditor for Financial Year 2025-26, effective March 30, 2026. This appointment follows the resignation of Mr. Vikas Singh Rawat from the Internal Auditor position, which became effective from the closure of business hours on March 21, 2026.

M/s. Gurdip Kumar & Associates is a well-established chartered accountancy firm based in Ludhiana. The firm offers comprehensive professional services including internal audit, taxation, regulatory compliance, and advisory services.

Secretarial Auditor Re-appointment

The board re-appointed M/s. Baldev Arora & Associates, Company Secretaries, as the Secretarial Auditor for Financial Year 2025-26. This re-appointment demonstrates the company's confidence in the firm's capabilities and continuity in secretarial audit processes.

Regulatory Compliance

All announcements were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed disclosures as required under the regulations, including comprehensive information about the rights issue parameters and auditor appointment details. The communication was signed by Jasmine Kaur, Company Secretary & Compliance Officer, ensuring proper authorization and regulatory adherence.

GS Auto International Limited has filed another disclosure with BSE Limited regarding the acquisition of equity shares by promoter group member Gurmukh Singh International Limited under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

Latest Share Acquisition Details

Gurmukh Singh International Limited acquired 3,101 equity shares of GS Auto International Limited through open market transactions on March 24, 2026. The acquisition represents 0.02% of the company's total share capital.

Previous Acquisition Activity

This follows a recent acquisition by another promoter group member, Harkirat Singh Ryait, who acquired 5,000 equity shares on March 20, 2026, representing 0.03% of the company's total share capital through open market transactions.

Updated Promoter Group Holdings

The promoter group consists of eight persons acting in concert (PACs). Following the latest acquisition by Gurmukh Singh International Limited, the group's combined shareholding has increased further.

Holdings After Latest Acquisition

Company Capital Structure

The company's equity share capital structure remains unchanged despite these recent acquisitions:

Regulatory Compliance

Both disclosures were made pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011, which mandates reporting of substantial acquisitions of shares. The filings confirm that no encumbrances, voting rights other than equity shares, or convertible securities were involved in these transactions.

The company is headquartered at GS Estate, G T Road, Ludhiana, Punjab, and maintains its shares listed on BSE Limited. These sequential acquisitions represent minor adjustments in the promoter group's shareholding pattern while strengthening their controlling stake in the company.