In furtherance to our earlier letter dated April 03, 2026, this is to inform you that the meeting of the Rights Issue Committee of the Company was scheduled to be held on April 07, 2026, ....
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GS Auto International's Rights Issue Committee meeting, originally scheduled for April 07, 2026, has been deferred. The committee was set to finalise the Issue Price, Entitlement Ratio, and other modalities for the proposed Rights Issue of Equity Shares. The deferral is due to the Company not yet having received the mandatory 'in-principle' approval from BSE Limited. The Board had originally approved the Rights Issue in its meeting held on March 30, 2026. The matter will be taken up once BSE approval is received.
The delay in BSE approval postpones the capital raise timeline. No material impact on shareholders is expected as the rights issue remains on track, pending regulatory clearance.