Description
BSE notifies trading members that G.S. Auto International Ltd has fixed 22 May 2026 as the record date for a rights issue of equity shares, with transactions to be conducted on an ex-rights basis from the same date.
Summary
BSE has informed trading members that G.S. Auto International Ltd (BSE Code: 513059) has fixed 22 May 2026 as the record date for a Rights Issue of Equity Shares. Trading in the company’s equity shares must be conducted on an ex-rights basis effective from 22 May 2026. The rights issue offers 2 new equity shares for every 1 equity share held.
Key Points
- Company: G.S. Auto International Ltd (BSE Code: 513059)
- Record Date: 22 May 2026
- Ex-Rights Date: 22 May 2026 (Settlement: DR-636/2026-2027)
- Rights Ratio: 2 equity shares for every 1 equity share held
- Face Value: Rs 5/- per share
- Issue Price: Rs 10/- per share (face value Rs 5/- + premium Rs 5/-)
- Payment Terms: Rs 5/- payable on application; Rs 5/- payable on one or more subsequent calls
- Segment: Equity – Dematerialised Securities, Rolling Settlement
Regulatory Changes
No new regulatory changes introduced. This is a standard corporate action notification under BSE’s listing compliance framework requiring trading members to adjust their transactions accordingly.
Compliance Requirements
- Trading members must ensure all transactions in G.S. Auto International Ltd equity shares are executed on an ex-rights basis from 22 May 2026 onwards.
- Members should update their systems to reflect the ex-rights adjustment effective from the record date.
- Shareholders holding shares on the record date (22 May 2026) will be eligible for the rights entitlement.
Important Dates
| Event | Date |
|---|---|
| Notice Date | 20 May 2026 |
| Record Date | 22 May 2026 |
| Ex-Rights Basis Effective From | 22 May 2026 |
| Settlement Reference | DR-636/2026-2027 |
Impact Assessment
This rights issue is specific to G.S. Auto International Ltd shareholders. Eligible shareholders (those holding shares as of 22 May 2026) will have the right to subscribe to 2 new equity shares for every 1 share held at Rs 10/- per share, payable in installments (Rs 5/- on application, Rs 5/- on subsequent calls). The share price is expected to adjust on the ex-rights date to reflect the dilution. Trading members must update order management systems to apply the ex-rights adjustment from 22 May 2026. Impact is limited to investors and traders of this specific scrip.
Impact Justification
Company-specific rights issue announcement affecting existing shareholders of G.S. Auto International Ltd; standard corporate action with defined record date and ex-rights date, impacting trading decisions for this specific stock.