This is to inform that pursuant to Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is not required to submit "Secretarial Compliance ....
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GS Auto International Ltd has informed the BSE that it is exempt from submitting the Annual Secretarial Compliance Report for FY ended 31st March 2025. Under SEBI Regulation 15(2), companies whose paid-up equity share capital is below Rs. 10 crore and net worth is below Rs. 25 crore are not required to comply with several corporate governance provisions, including Regulation 24A. The company's paid-up equity share capital stood at Rs. 725.73 lakh (~Rs. 7.26 crore) and net worth at Rs. 2,036.04 lakh (~Rs. 20.36 crore) as on 31st March 2024, both below the thresholds for the past three financial years. The exemption is effective from 1st April 2024 for three consecutive years. A Practicing Chartered Accountant has certified the capital and net worth figures.
This is a routine regulatory disclosure and has no direct impact on the stock price or shareholder value. It signals that the company is small-cap with limited paid-up capital and net worth, qualifying it for reduced compliance requirements for the next three financial years.