The Proceedings of Extra-Ordinary General Meeting held on 03rd January, 2026 (Saturday) at 11:00A.M. through Video Conferencing / Other Audio Visual Means, are attached herewith. The ....
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GS Auto International held an EGM on January 3, 2026 via video conferencing, lasting 14 minutes (11:00 a.m. to 11:14 a.m.). Three resolutions were placed before shareholders for approval: (1) adoption of a new set of Memorandum of Association aligned with the Companies Act, 2013 (Special Resolution); (2) increase in the Authorised Share Capital of the Company with a corresponding amendment to the Capital clause of the MOA (Ordinary Resolution); and (3) revision in the limits for loans, investments, guarantees, or security under Section 186 of the Companies Act, 2013 (Special Resolution). All 8 directors, the CFO, Company Secretary, and Scrutinizer were present throughout, and quorum was maintained. E-voting was facilitated through CDSL, with results to be declared by January 6, 2026. Two speaker shareholders participated, raised observations, and applauded the management.
The proposed increase in Authorised Share Capital may pave the way for a future fundraising round, rights issue, bonus issue, or stock split, which could dilute existing shareholders depending on how the expanded capital is eventually utilised. The Section 186 limit revision suggests the company is preparing to expand its treasury activities, such as inter-corporate loans or strategic investments, potentially signalling growth plans.