GS Auto Sets May 22 Record Date for Rights Issue
GS Auto International's Rights Issue Committee fixed May 22, 2026, as the record date for a rights issue of up to 2,90,29,160 partly paid-up equity shares at ₹10.00 each. The 2:1 ratio issue aims to raise ₹2,902.92 Lakhs, with entitlements credited to eligible shareholders' demat accounts prior to the opening date.

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The Rights Issue Committee of GS Auto International , at its meeting held on May 18, 2026, approved the terms and conditions of a proposed rights issue of partly paid-up equity shares. This development follows the Board of Directors' earlier approval on March 30, 2026, and the 'In-Principle Approval' received from BSE Limited. The committee has fixed Friday, May 22, 2026, as the record date for determining eligible equity shareholders entitled to receive rights entitlements.
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.
The following table summarises the key parameters of the rights issue:
| Parameter: | Details |
|---|---|
| Type of Securities: | Partly Paid-up Equity Shares of face value ₹5.00 each |
| Type of Issuance: | Rights Issue |
| Total Shares Offered: | Up to 2,90,29,160 partly paid-up equity shares |
| Issue Price: | ₹10.00 per equity share (fully paid-up) |
| Aggregate Issue Size: | Up to ₹2,902.92 Lakhs (assuming full subscription) |
| Record Date: | Friday, May 22, 2026 |
| Rights Entitlement Ratio: | 2:1 (two rights shares per one existing share) |
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:
| Amount Payable: | Face Value (₹) | Premium (₹) | Total Amount (₹) |
|---|---|---|---|
| On Application: | 2.50 | 2.50 | 5.00 |
| One or More Additional Calls: | 2.50 | 2.50 | 5.00 |
Share Capital Before and After the Issue
The rights issue will have a significant impact on the company's outstanding equity share capital. 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.
Dematerialisation and Regulatory Compliance
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 ISIN for such rights entitlements will be intimated in due course. The rights entitlements of eligible equity shareholders as on the record date shall be credited prior to the issue opening date. The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for GS Auto International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.74% | -5.02% | +3.95% | +4.35% | -10.00% | +612.83% |
How might the near-tripling of GS Auto International's share capital affect its earnings per share and stock valuation in the near term?
What are the intended use of proceeds from the ₹2,902.92 Lakhs rights issue, and how could capital deployment impact the company's growth trajectory in the auto components sector?
Given the 2:1 rights entitlement ratio, how could significant non-subscription by existing shareholders influence the company's ownership structure and promoter shareholding percentage?






























