Gujarat Hy-Spin News

Gujarat Hy-Spin Limited Shareholders Approve Share Capital Alteration and Preferential Equity Issue

Gujarat Hy-Spin Limited held an Extra-Ordinary General Meeting on October 11, 2025, where shareholders approved two key resolutions with 100% voting support. The first resolution involved alteration of the company's authorized share capital and consequential amendment to the capital clause of the Memorandum of Association. The second resolution approved the issue of equity shares on preferential basis to non-promoters for cash consideration. Both resolutions received unanimous approval from 19 members present, representing 11,447,875 votes with no votes against or invalid votes recorded. The voting results and scrutinizer's report were submitted to BSE Limited as per regulatory requirements.

Gujarat Hy-Spin Limited Schedules EGM to Raise ₹24 Crores Through Preferential Share Issue

Gujarat Hy-Spin Limited has scheduled an Extra-ordinary General Meeting for October 11, 2025, to seek shareholder approval for two key resolutions. The company proposes to increase its authorized share capital from ₹16.75 crores to ₹22.75 crores by adding 60 lakh equity shares of ₹10 each. Additionally, the company plans to issue 60 lakh equity shares at ₹40 per share (including ₹30 premium) to 10 non-promoter investors, raising ₹24 crores. The funds will be utilized for setting up a solar plant (₹12 crores), repaying bank loans (₹8.5 crores), and general corporate purposes (₹3.5 crores). The issue price of ₹40 per share is based on a registered valuer's report and complies with SEBI regulations. Post-issue, promoter shareholding will decrease from 64.92% to 47.80%, while non-promoter holding will increase from 35.08% to 52.20%. The allotted shares will be subject to lock-in provisions as per SEBI ICDR Regulations.

Gujarat Hy-Spin Limited Approves ₹6 Crore Capital Increase and ₹24 Crore Preferential Share Issue

Gujarat Hy-Spin Limited's board approved increasing authorized share capital from ₹16.75 crore to ₹22.75 crore by adding 60 lakh equity shares of ₹10 each. The board also approved a preferential issue of 60 lakh equity shares at ₹40 per share (including ₹30 premium) to 10 non-promoter investors, raising ₹24 crore. The allottees include Seema Manish Nuwal (9 lakh shares), Sachin Naresh Jain and Naresh Sagarmal Jain (7 lakh shares each), and others with varying allocations. Post-issue, these investors will collectively hold 26.37% of the company. The board appointed M/s. Pooja Gala & Associates as compliance consultants and scheduled an Extraordinary General Meeting for October 11, 2025, to seek shareholder approval. All proposals are subject to shareholder and regulatory approvals.