Voting Results and Consolidated Scrutinizer''s Report of Remote E-Voting and Venue E-Voting of Extra-Ordinary General Meeting of Members of the Company held on 03rd January, 2026 (Saturday) ....
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G S Auto International Limited held its Extra-Ordinary General Meeting on 3rd January 2026 via video conferencing, lasting from 11:00 AM to 11:14 AM. Out of 7,344 shareholders on the record date (26 December 2025), 5 promoter group members and 46 public shareholders attended through VC. Three resolutions were put to vote and all were approved. Resolution 1 (Special) was for adopting a new Memorandum of Association under the Companies Act, 2013. Resolution 2 (Ordinary) was for increasing the Authorised Share Capital to Rs. 25 crore with a corresponding amendment to the MOA's capital clause. Resolution 3 (Special), in which promoters had an interest, raised the Section 186 limit for loans, investments, guarantees or security to Rs. 25 crore. Across all three resolutions, about 50.83% of outstanding shares were polled, with 89.45% voting in favour (65,99,909 shares) and 10.55% against (7,78,250 shares).
The increased authorised share capital (to Rs. 25 crore) gives the company headroom to issue new shares or convert securities in the future, which could lead to dilution for existing shareholders. The higher Section 186 limit (Rs. 25 crore) allows the company to extend larger loans, make bigger investments or give guarantees, signalling possible expansion or inter-corporate financial activity ahead.