GTV Engineering Ltd — Others, 11-06-2025: AGM/EGM

GTV Engineering Limited has announced a Postal Ballot to seek shareholder approval for several key corporate actions. These include a 1:5 stock split, reducing the face value of shares from Rs. 10 to Rs. 2, aimed at enhancing affordability and broadening investor participation. The company proposes to increase its authorized share capital from Rs. 4 Cr to Rs. 12 Cr to accommodate an upcoming bonus issue of 2 shares for every 1 held, utilizing free reserves worth Rs. 6.25 Cr to reward existing shareholders and grow the retail base. A new set of Articles of Association aligned with current corporate regulations will also be adopted. Additionally, Mr. Abhay Narayan Singh is set to be appointed as an Independent Director for a five-year term, strengthening the board’s oversight. These steps signal GTV’s focus on shareholder value enhancement and corporate governance improvements.