This is in reference to the proposed Rights Issue of up to 2,90,29,160 Partly paid-up Equity Shares of face value of Rs. 5/- each of the Company at an issue price of Rs. 10/- per Rights ....
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On the reaction day the stock moved 42.5 pts less than Nifty Microcap 250 and 42.4 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GS Auto International Ltd is raising up to Rs. 2,902.92 lakhs through a Rights Issue of partly paid-up equity shares. The issue offers 2 shares for every 1 held, at Rs. 10 per share (face value Rs. 5 + premium Rs. 5). Investors pay Rs. 5 on application (50%) and the balance through future calls as determined by the board. The record date was May 22, 2026, with the issue opening June 2, 2026 and closing June 10, 2026. The company has appointed ACER Credit Rating Private Limited as a monitoring agency, which typically indicates proceeds are earmarked for specific purposes like debt repayment. Shares will be listed on BSE.
Shareholders will receive rights entitlements and can subscribe or renounce them. The partly paid structure reduces immediate capital outlay but creates future call risk. The appointment of a monitoring agency suggests the proceeds may be used for debt reduction, which could improve the company's financial health.