Gujarat Hy-Spin Limited Approves ₹6 Crore Capital Increase and ₹24 Crore Preferential Share Issue

2 min read     Updated on 11 Sept 2025, 05:27 PM
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Overview

Gujarat Hy Spin, listed on BSE SME, plans to increase authorized share capital from ₹16.75 crore to ₹22.75 crore. The company approved a preferential issue of 60 lakh equity shares at ₹40 per share to raise ₹24 crore. Ten non-promoter investors will receive shares, collectively holding 26.37% post-issue. An EGM is scheduled for October 11, 2025, to seek shareholder approval for these changes.

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*this image is generated using AI for illustrative purposes only.

Gujarat Hy Spin , a company listed on the BSE SME platform, has announced significant changes to its capital structure and a new preferential share issue. The company's board of directors, in a meeting held on September 11, 2025, approved several key proposals aimed at strengthening its financial position and expanding its shareholder base.

Capital Increase

The board has given its approval to increase the company's authorized share capital from ₹16.75 crore to ₹22.75 crore. This ₹6.00 crore increase will be achieved by creating an additional 60 lakh equity shares with a face value of ₹10 each. The move is subject to shareholder approval and other necessary regulatory clearances.

Preferential Share Issue

In a significant development, Gujarat Hy Spin has also approved a preferential issue of 60 lakh equity shares at ₹40 per share, which includes a premium of ₹30 per share. This issue is expected to raise ₹24.00 crore for the company. The shares will be allotted to ten non-promoter investors, expanding the company's investor base.

Key Investors and Allocations

The preferential issue includes notable allocations to several investors:

Investor Name Number of Shares Post-Issue Holding
Seema Manish Nuwal 9,00,000 3.96%
Sachin Naresh Jain 7,00,000 3.08%
Naresh Sagarmal Jain 7,00,000 3.08%
Haresh V Joisher 7,00,000 3.08%
Vatsal Kamal Joisher 6,00,000 2.64%
Amit Umarshi Bhanushali (HUF) 6,00,000 2.64%
Shah Jay Pareshbhai 6,00,000 2.64%
Lalita Naresh Jain 5,00,000 2.20%
Kedar Dilip Kothari 5,00,000 2.20%
Finava Jay Jagdishbhai 2,00,000 0.88%

Post-issue, these new investors will collectively hold 26.37% of the company's equity.

Additional Board Decisions

The board has also made several other important decisions:

  1. Appointment of M/s. Pooja Gala & Associates as compliance consultants for the preferential issue.
  2. Scheduling of an Extraordinary General Meeting (EGM) for October 11, 2025, to seek shareholder approval for the proposed changes.
  3. Approval of the EGM notice and related documents.
  4. Appointment of M/s. Monika V Tyagi & Associates as scrutinizers for the e-voting process at the EGM.

Regulatory Compliance

The company has stated that the proposed preferential issue will be conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable rules and guidelines.

Gujarat Hy Spin's move to increase its capital and bring in new investors through a preferential issue could potentially provide the company with additional funds for its business operations and expansion plans. Shareholders and market observers will be keenly watching the outcome of the upcoming EGM and the subsequent implementation of these proposals.

Historical Stock Returns for Gujarat Hy Spin

1 Day5 Days1 Month6 Months1 Year5 Years
-2.65%+4.75%-36.35%-22.12%+10.33%+244.79%
Gujarat Hy Spin
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Gujarat Hy-Spin Limited to Consider Preferential Issue of Equity Shares in Upcoming Board Meeting

1 min read     Updated on 04 Sept 2025, 12:51 PM
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Riya DeyScanX News Team
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Overview

Gujarat Hy Spin's Board of Directors will meet on September 11, 2025, to discuss raising funds through a preferential issue of equity shares and/or other securities. The board will also consider convening an extraordinary general meeting or initiating a postal ballot for shareholder approval. The proposed issue will comply with relevant regulations including the Companies Act, 2013, SEBI Listing Regulations, and SEBI ICDR Regulations, 2018.

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*this image is generated using AI for illustrative purposes only.

Gujarat Hy Spin , a leading manufacturer of cotton yarn and other yarns, has announced that its Board of Directors will convene on September 11, 2025, to deliberate on a proposal for raising funds through a preferential issue of equity shares and/or other securities.

Key Points of the Announcement

  • The board meeting is scheduled for September 11, 2025.
  • The primary agenda is to consider and approve a proposal for raising funds through a preferential issue.
  • The proposed fundraising may include equity shares and/or other securities.
  • The preferential issue is subject to shareholder approval and necessary regulatory clearances.
  • The board will also consider convening an extraordinary general meeting or initiating a postal ballot process to seek shareholder approval for the preferential issue proposal.

Regulatory Compliance

The company has stated that the proposed preferential issue will be in accordance with the provisions of:

  1. The Companies Act, 2013
  2. SEBI Listing Regulations
  3. SEBI Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018

Potential Impact

While the exact amount of funds to be raised has not been disclosed, this move could potentially strengthen Gujarat Hy Spin's financial position and provide capital for future growth initiatives. The preferential issue, if approved and implemented, may lead to a change in the company's shareholding structure.

Company Background

Gujarat Hy Spin, incorporated in 2011, is engaged in the manufacturing of cotton yarn and other yarns at its Gondal plant in Gujarat.

Investors and stakeholders are advised to monitor further announcements from the company regarding the outcome of the board meeting and any subsequent developments related to the proposed preferential issue.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers are encouraged to conduct their own research and consult with financial advisors before making any investment decisions.

Historical Stock Returns for Gujarat Hy Spin

1 Day5 Days1 Month6 Months1 Year5 Years
-2.65%+4.75%-36.35%-22.12%+10.33%+244.79%
Gujarat Hy Spin
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