Gujarat Hy-Spin Limited Approves ₹6 Crore Capital Increase and ₹24 Crore Preferential Share Issue
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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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:
- Appointment of M/s. Pooja Gala & Associates as compliance consultants for the preferential issue.
- Scheduling of an Extraordinary General Meeting (EGM) for October 11, 2025, to seek shareholder approval for the proposed changes.
- Approval of the EGM notice and related documents.
- 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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.65% | +4.75% | -36.35% | -22.12% | +10.33% | +244.79% |