Board Approves Dividend subject to the shareholder approval in AGM.
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GTV Engineering's board has approved a final dividend of Rs. 0.10 per equity share (face value Rs. 2), which works out to 5% of the paid-up equity share capital for FY2024-25, subject to shareholder approval. The record date has been fixed as Monday, September 22, 2025, and the 34th AGM will be held on September 29, 2025 at the registered office in Mandideep, Bhopal. The share transfer books will remain closed from September 23 to September 29, 2025. The board also approved a hike in the Managing Director's monthly remuneration from Rs. 3 lakh to Rs. 4 lakh and ratified related party transactions for FY2025-26, both subject to shareholder approval. KMS & Associates has been appointed as scrutinizer for the AGM.
The dividend is modest at Rs. 0.10 per share and needs to be approved by shareholders in the upcoming AGM. Eligible shareholders must hold shares before the September 22 record date to receive the payout. The remuneration hike for the MD is a routine corporate matter requiring shareholder nod and is unlikely to materially affect the stock.