Gujarat Hy-Spin Limited, listed on BSE SME (Script Code: 540938 / Script ID: GUJHYSPIN), has announced the outcomes of its Board Meeting held on Thursday, 11th September 2025. The Board considered and approved key corporate actions, including increasing authorized share capital and issuing equity shares on a preferential basis.

Increase in Authorized Share Capital

The Board approved the increase in the authorized share capital from ₹16,75,00,000 (16.75 crore) divided into 1,67,50,000 equity shares of ₹10 each, to ₹22,75,00,000 (22.75 crore) divided into 2,27,50,000 equity shares of ₹10 each. This will be achieved by creating and adding 60 lakh new equity shares of ₹10 each, subject to approval from shareholders and regulatory authorities.

The capital clause in the Memorandum of Association (MoA) will be amended accordingly. The revised Clause V allows the company to increase or decrease capital and create different classes of shares with preferential rights as permitted under the Companies Act, 2013.

Preferential Allotment of Shares

The Board approved a preferential issue of 60,00,000 fully paid equity shares at a price of ₹40 per share, including a premium of ₹30 per share, aggregating to ₹24 crore. This issue will be made to non-promoter investors under the provisions of SEBI (ICDR) Regulations, 2018, and subject to shareholder and regulatory approvals.

A Valuation Report was issued by Mr. Nitish Chaturvedi (Registered Valuer IBBI/RV/0312020112916) to determine the fair price for the preferential allotment.

List of Proposed Allottees

The preferential issue will be allotted to 10 non-promoter investors as per SEBI guidelines. Some of the key allottees include:

The post-preferential issue shareholding of these investors will total 26.37% of the company’s equity.

Extraordinary General Meeting (EGM)

To approve the above proposals, the company will hold an EGM on Saturday, 11th October 2025 at the registered office in Gondal, Rajkot, Gujarat. The EGM notice and related documents have been approved by the Board and will be sent to shareholders.

Compliance and Oversight

• M/s Pooja Gala & Associates, Practicing Company Secretaries, will issue compliance certificates under SEBI (ICDR) Regulations.

• M/s Monika V Tyagi & Associates, Practicing Company Secretaries, will act as scrutinizers for the e-voting process, ensuring transparency and fairness.

Conclusion

Gujarat Hy-Spin’s Board meeting represents a major step in raising capital and strengthening equity base through preferential allotment. The increase in authorized share capital and preferential issue is expected to support business growth, financial stability, and expansion plans. Shareholder approval in the upcoming EGM is the next critical step for implementation.

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