Board approves Sub-Division / Stock Split subject to the approval of Shareholders through Postal Ballot.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GTV Engineering's board approved splitting each equity share of Rs. 10 face value into 5 shares of Rs. 2 face value (1:5 stock split) to improve liquidity and retail accessibility. The board also approved a bonus issue in the ratio of 2:1 (two bonus shares for every one held), to be funded from free reserves of Rs. 6.24 crore. Additionally, the authorised share capital will be raised from Rs. 4 crore to Rs. 12 crore to accommodate the expanded capital base. All these actions are subject to shareholder approval through a postal ballot, and the record date will be announced later. A new independent director, Mr. Abhay Narayan Singh, was also appointed for a five-year term starting April 1, 2025.
Shareholders will see their share count multiply (5x from split plus 2x from bonus = 10x), which typically lowers the per-share price and boosts liquidity, but does not change the total value of their holdings. Expect short-term price adjustment on the ex-date; long-term impact depends on trading interest post-split.