GS Auto International Limited has announced a key board-level change with the resignation of Independent Director Mr. Sehijpal Singh Khangura, effective January 14, 2026. The company disclosed this development to the Bombay Stock Exchange in compliance with regulatory requirements.

Director Resignation Details

Mr. Sehijpal Singh Khangura (DIN: 09057746) submitted his resignation from the position of Independent Director, citing personal and professional commitments as the primary reason for his departure. The resignation was formally tendered on January 14, 2026, and accepted by the company on January 19, 2026.

Regulatory Compliance

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates detailed disclosure for director resignations.

GS Auto International confirmed that Mr. Khangura provided written confirmation stating there were no other material reasons for his resignation beyond those mentioned in his resignation letter. The company has completed all necessary procedural requirements and filed appropriate forms with the Registrar of Companies as mandated under the Companies Act, 2013.

Corporate Governance Impact

The resignation represents a change in the company's board composition, specifically affecting the independent director category. Mr. Khangura's departure was processed with immediate effect from January 14, 2026, and he has been formally relieved from all directorial responsibilities.

The company secretary and compliance officer, Sandeep (ICSI Membership no.: A72232), handled the formal communication and documentation process. All required disclosures have been submitted to maintain transparency and regulatory compliance in this board-level transition.

GS Auto International has notified BSE Limited about its exemption from corporate governance compliance requirements for the quarter ended December 31, 2025. The company cited Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which provides relief to smaller companies from stringent governance norms.

Exemption Criteria and Duration

The exemption applies because the company's paid-up equity share capital and net worth do not exceed ₹10 crores and ₹25 crores respectively. This threshold has been maintained for four consecutive financial years, making the company eligible for relief from corporate governance provisions effective April 1, 2024.

The exemption covers multiple SEBI regulations including Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27 and specific clauses of regulation 46 and Schedule V. Consequently, GS Auto International is not required to submit the quarterly compliance report on corporate governance for Q3 FY26.

Financial Position Across Four Years

A certificate from practicing chartered accountant Sukhminder Singh & Co. confirms the company's financial parameters across four financial years:

The equity share capital remained constant at ₹725.73 lacs throughout the four-year period, while the net worth fluctuated between ₹1,970.15 lacs and ₹2,266.69 lacs, consistently staying below the ₹25 crore threshold.

Regulatory Compliance and Future Obligations

The company has assured BSE that it will comply with corporate governance provisions within six months from the date these requirements become applicable. The exemption certificate was issued on July 17, 2025, and verified through the ICAI UDIN system with reference number 25558069BMHHXU2131.

Company Secretary Sandeep, holding ICSI membership number A72232, signed the compliance notification on January 6, 2026. The communication was addressed to the Department of Corporate Relations at BSE Limited, referencing the company's scrip code 513059.