In relation to the aforesaid Rights Issue and in accordance with Regulation 42 of the SEBI (LODR) Regulations, 2015 and Regulation 68 of the SEBI (ICDR) Regulations, 2018, the Rights Issue ....
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GS Auto International Ltd has fixed May 22, 2026 as the Record Date for its Rights Issue. The company proposes to issue up to 2,90,29,160 partly paid-up equity shares of face value ₹5 each at a price of ₹10 per share, raising up to ₹2,902.92 Lakhs (approx. ₹29.03 crore). The issue is structured at a 2:1 ratio, meaning shareholders will receive 2 rights shares for every 1 share held. Rights Entitlements will be credited in dematerialized form to eligible shareholders' demat accounts before the issue opens. The filing is a standard regulatory intimation under SEBI LODR and ICDR regulations.
Existing shareholders who hold shares by May 22, 2026 will receive rights entitlements, allowing them to buy additional shares at ₹10 each. This is a dilutive event — shareholders who do not participate will see their ownership percentage reduced.