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 "Disclosure of Related ....
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Awaiting price reaction for this filing.
GS Auto International has informed BSE that it is exempt from submitting the half-yearly Related Party Transaction disclosure required under Regulation 23(9) of SEBI LODR Regulations. The exemption applies because the company's paid-up equity share capital and net worth are below the SEBI thresholds of Rs. 10 crore and Rs. 25 crore, respectively. As per a Chartered Accountant certificate, the company's equity share capital stood at Rs. 725.73 lakhs (~Rs. 7.26 cr) for FY22, FY23, and FY24, while net worth was Rs. 2,266.69 lakhs, Rs. 1,970.15 lakhs, and Rs. 2,036.04 lakhs for those same years. This exemption will remain valid for three consecutive financial years starting from April 1, 2024.
This is a routine procedural filing with no material impact on the stock price or shareholders. It simply confirms that GS Auto International, being a small-cap company, qualifies for reduced SEBI compliance requirements. Investors should note the company has committed to complying with the regulation within six months if it ever crosses the size thresholds in the future.