GTV Engineering Ltd — Important, 23-03-2026: Company Update

GTV Engineering's Board has approved strategic initiatives. The company plans to increase its loan, guarantee, and investment limits up to Rs. 100 crore. Crucially, the Board also greenlit a preferential issue of up to 39.42 lakh equity shares at Rs. 59.65 each to acquire 1.13 crore equity shares (35.31%) of Chirchind Hydro Power Private Limited (CHPPL) through a share swap, valued at approximately Rs. 23.52 crore. This move will make CHPPL a subsidiary, expanding GTV Engineering into power generation and heavy steel fabrication. An Extraordinary General Meeting will convene on April 16th to seek shareholder approvals for these proposals, with April 9th as the record date for voting.