Consolidated Scrutinizer''s Report dt. 05th January, 2026 on Remote E-Voting and Venue E-Voting of Extra-Ordinary General Meeting held on 03rd January, 2026 (Saturday) at 11:00 A.M., through ....
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G S Auto International held an Extra-Ordinary General Meeting on January 3, 2026, via video conferencing, where all three proposed resolutions were passed. Resolution 1 (Special) approved adoption of a new Memorandum of Association under the Companies Act, 2013. Resolution 2 (Ordinary) approved increasing the Authorised Share Capital to Rs. 25 crore, with a corresponding amendment to the capital clause in the MOA. Resolution 3 (Special) approved raising the limit for loans, investments, guarantees, or securities under Section 186 of the Companies Act to Rs. 25 crore, with promoter group declared as interested. Voting was conducted through CDSL's remote e-voting and venue e-voting platform, with 73,78,159 votes cast out of 1,45,14,580 outstanding shares (about 50.83% turnout). All three resolutions received 89.45% votes in favour and 10.55% against, with promoter group voting 86.75% in favour and public non-institutional shareholders voting 100% in favour.
Shareholders have cleared the way for the company to potentially issue more shares in the future (authorized capital hike) and to lend, invest, or give guarantees up to Rs. 25 crore, which could signal upcoming expansion or restructuring activity. The resolutions passed with strong but not overwhelming promoter support (about 13% of promoter votes against), while small shareholders voted unanimously in favour.