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GTV Engineering Limited's Board has approved a significant increase in its authorized share capital from Rs. 12 Cr to Rs. 16 Cr, pending shareholder approval. This move paves the way for a future Rights Issue of equity shares, aiming to raise funds from existing shareholders. A major strategic decision involves discontinuing the manufacturing of food products like whole wheat atta, maida, suji, besan, and dalia. This allows the company to sharpen its focus solely on its core Heavy Engineering business, a strategic pivot designed to streamline operations and enhance shareholder value.