Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations & Disclosures) Regulations, 2015, We wish to inform you that the Board of Directors of the Company in its meeting ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of GTN Industries Ltd approved issuing up to 24,59,622 equity shares of Rs. 10 each at Rs. 24 per share (including a premium of Rs. 14) on a preferential basis to 7 non-promoter individual investors. The total issue size is approximately Rs. 5.90 crores. The investors include Rakesh Kalapala (6 lakh shares), Atluri Raja Babu (6 lakh shares), Kollu Anantha Srinivasa Rao (4 lakh shares), Manepalli V Gana Suresh (3 lakh shares), Nandigam Abhishek (2.59 lakh shares), Mohit Gurjar (2 lakh shares), and Ramarao Talluri (1 lakh shares). An Extra-Ordinary General Meeting has been scheduled for July 6, 2026 to seek shareholder approval, and DVM & Associates LLP has been appointed as scrutinizer.
Existing shareholders will face dilution as new shares are being issued at a price lower than likely market value (a Rs. 14 premium on Rs. 10 face value). The allotment is to specific individuals from the non-promoter group rather than the promoters themselves, which may be viewed cautiously by retail investors as it does not strengthen the promoter holding.