GS Auto International Ltd has finalized its Rights Issue, allotting over 2.9 crore partly paid-up shares. This significantly expands its equity base, increasing total shares to over 4.3 crore.

GS Auto International Ltd Completes Rights Issue

GS Auto International Ltd has completed the allotment of 2,90,29,160 partly paid-up equity shares from its Rights Issue. The company's Rights Issue Committee approved this on June 11, 2026.

Reader Takeaway: Equity base expanded; monitor future payment calls on partly paid-up shares.

What just happened

The company has successfully completed the allotment of shares from its Rights Issue. This action was formalized in a meeting of the Rights Issue Committee, as per the Letter of Offer dated May 21, 2026.

Why this matters

This allotment marks a significant expansion of GS Auto International Ltd's equity capital. The total number of shares has increased from 1,45,14,580 to 4,35,43,740, and the total equity capital has grown from ₹7.26 crore to ₹14.51 crore.

The backstory

GS Auto International Ltd had announced a Rights Issue to raise capital. The process involved offering new shares to existing shareholders.

What changes now

The company's share capital structure has been updated. The new shares are partly paid-up, with ₹5.00 per share paid initially (₹2.50 face value, ₹2.50 premium), making the current paid-up value ₹2.50 per share.

Risks to watch

Investors should be aware that the new shares are partly paid-up. This means the company may make future calls for the remaining unpaid amount, impacting shareholder obligations and company cash flows.

Peer comparison

(No peer comparison data available in the filing).

Context metrics (time-bound)

• Allotment Date: June 11, 2026
• Letter of Offer Date: May 21, 2026
• Issue Type: Rights Issue
• Shares Allotted: 2,90,29,160
• Pre-Rights Issue Shares: 1,45,14,580
• Post-Rights Issue Shares: 4,35,43,740
• Pre-Rights Issue Equity Capital: ₹7.26 crore
• Post-Rights Issue Equity Capital: ₹14.51 crore
• Issue Price per Share: ₹10.00
• Amount Paid per Share: ₹5.00
• Current Paid-up Value per Share: ₹2.50

What to track next

Shareholders should monitor future company announcements regarding any calls for the remaining payment on these partly paid-up shares.