G.S. Auto International Limited has provided additional clarification regarding the arrest of its Managing Director following a query from the Bombay Stock Exchange. The company disclosed on December 20, 2025, that the arrested Managing Director is not involved in day-to-day operations and the matter relates to a personal property dispute.

Initial Disclosure and BSE Query

The company initially announced on December 18, 2025, that Mr. Surinder Singh Ryait, Managing Director with DIN 00692792, had been arrested in a matter unrelated to company affairs. Following this disclosure, BSE requested additional details under SEBI Circular dated November 11, 2024, specifically asking for the date of arrest and other particulars.

Company's Detailed Response

In response to BSE's query dated December 19, 2025, G.S. Auto International clarified that the matter was brought to their notice from a third source through a newspaper cutting. The company emphasized that even the family of the Managing Director had not informed them about the incident initially.

Operational Impact Assessment

The company provided crucial details about the Managing Director's role within the organization. Mr. Surinder Singh Ryait is not involved in day-to-day activities and does not draw any salary from the company. G.S. Auto International has two Managing Directors, and the daily operations remain completely unaffected by this incident.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reiterated that this is a personal property dispute matter where the company is not involved, maintaining transparency with stakeholders and regulatory authorities.

The communication was signed by the Company Secretary and Compliance Officer holding ICSI Membership No. A72232, from the company's registered office at G.S. Estate, G.T. Road, Ludhiana-141010, operating under CIN L34300PB1973PLC003301.

G.S. Auto International Limited successfully concluded its Extra-Ordinary General Meeting (EGM) on January 3, 2026, with shareholders approving all proposed resolutions that will significantly enhance the company's financial flexibility and growth potential. The meeting, conducted through video conferencing from 11:00 AM to 11:14 AM, witnessed strong participation and unanimous support across all three strategic resolutions.

EGM Results and Comprehensive Voting Analysis

The EGM demonstrated robust shareholder engagement with detailed voting outcomes confirming strong confidence in the company's strategic direction:

Resolution Outcomes and Detailed Voting Pattern

All three resolutions achieved identical approval rates, demonstrating unified shareholder support for the company's strategic initiatives:

Resolution 1: New Memorandum of Association

Shareholders approved the adoption of a new set of Memorandum of Association (MOA) in accordance with the Companies Act, 2013. This special resolution ensures the company's compliance with updated regulatory requirements and modern corporate governance practices, receiving strong support from 64 members who voted in favour.

Resolution 2: Authorized Share Capital Enhancement

The ordinary resolution to increase the company's authorized share capital from ₹13.00 crores to ₹25.00 crores was successfully passed with identical voting patterns. This 92.31% increase provides enhanced flexibility for future equity financing and strategic transactions.

Resolution 3: Investment Limit Expansion

Shareholders approved the special resolution to revise investment limits under Section 186 of the Companies Act, 2013, from ₹10.00 crores to ₹25.00 crores. This 150% increase applies to investments, loans, guarantees, and securities, enabling more aggressive growth strategies.

Voting Process and Regulatory Compliance

The comprehensive voting process was conducted with full regulatory compliance and transparency measures:

The scrutinizer's comprehensive report confirmed that all resolutions were passed with the requisite majority, with no invalid votes recorded across any category. The voting breakdown showed consistent patterns across all three resolutions, with promoter and promoter group achieving 86.74% approval rate and public non-institutional shareholders demonstrating 100% support.

Strategic Implications and Market Impact

These approved measures position G.S. Auto International for enhanced operational flexibility and growth opportunities. The increased authorized share capital provides substantial room for future equity raises or strategic partnerships, while the expanded investment limits enable the company to pursue larger strategic investments and business expansion initiatives.

The unanimous approval pattern across all shareholder categories reflects strong confidence in the company's strategic direction and management's ability to execute growth plans effectively. With the scrutinizer's report filed and regulatory compliance completed, these changes will become effective following necessary documentation updates and regulatory formalities.