Sharwan Sehgal ceased to be an Independent Director of G S Auto International Ltd on June 30, 2026, upon the completion of his second term. The cessation took effect at the close of business hours on the said date. This development was communicated to the stock exchange pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consequent to his departure from the Board, Mr. Sehgal also vacated his roles as the Chairman of the Audit Committee and as a member of the Nomination & Remuneration Committee, Stakeholders' Relationship Committee, and Right Issue Committee. The company disclosed that the requisite details regarding this change were submitted in compliance with Regulation 30 read with Schedule III of the Listing Regulations and relevant SEBI circulars.

The disclosure was made by Jasmine Kaur, Company Secretary & Compliance Officer of G S Auto International Ltd. The company confirmed that the change was due solely to the completion of the director's tenure and not due to any other factors such as resignation or removal.

Details of Cessation

The following table outlines the key particulars regarding the change in directorship:

G S Auto International Limited has finalized the basis of allotment for its rights issue, which opened for subscription on Tuesday, June 02, 2026, and closed on Wednesday, June 10, 2026. The company allotted 2,90,29,160 Partly-Paid Up Equity Shares on June 11, 2026, at a price of ₹10 each. The issue was conducted in the ratio of 2 Rights Equity Shares for every 1 fully paid-up Equity Share held on the record date of Friday, May 22, 2026. The credit of Equity Shares to demat accounts is expected on or about Friday, June 12, 2026, with trading on BSE commencing on or about Monday, June 15, 2026.

Following the allotment, the company disclosed significant changes in the shareholding of its promoters. Harkirat Singh Ryait, Promoter & Executive Director, acquired 87,72,835 shares via the rights issue, increasing his total holding to 87,77,835 shares, representing 20.16% of the company's equity. Jasbir Singh Ryait, Promoter & Managing Director, acquired 41,97,879 shares, raising his stake to 47,78,429 shares (10.97%). Dalvinder Kaur Ryait, Promoter & Executive Director, acquired 10,00,000 shares, taking her total holding to 11,44,860 shares (2.63%). These transactions were intimated to the company on June 15, 2026.

Allotment Details

The table below details the allocation of shares across applicant categories:

The rights entitlements were extinguished following the closure of the subscription period. The issue was conducted in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the SEBI Master Circular bearing reference number HO/49/14(14)/2026-CFD-P022/4518/2026, dated February 09, 2026. Skyline Financial Services Private Limited acted as the Registrar to the Issue.