GS Auto International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/04/2026 ,inter alia, to consider and approve In reference to our earlier ....
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GS Auto International Ltd has scheduled a meeting of its Rights Issue Committee on April 7, 2026. The meeting will consider and decide specific terms of the previously approved Rights Issue, including the Rights Issue price, payment mechanism, rights entitlement ratio, record date, and timing of the issue. The Company had earlier received Board approval to raise funds through issuance of equity shares via Rights Issue. Any final decision will be subject to in-principle approval from stock exchanges and other regulatory authorities.
The announcement indicates the Company is actively progressing with its planned Rights Issue to raise equity capital. Shareholders should monitor for the eventual pricing and ratio details, as Rights Issues can dilute existing shareholdings but also provide an opportunity to participate and maintain their stake.