Board approves the amendments in MOA and AOA of the Company subject to the approval of Shareholders.
Price
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Awaiting price reaction for this filing.
GTV Engineering's board, meeting on June 7, 2025, approved a sub-division/split of equity shares from face value Rs. 10 to Rs. 2 (1 share becoming 5 shares) aimed at improving liquidity and retail accessibility. The board also approved a bonus issue in the ratio of 2:1 (two bonus shares for every one held), worth about Rs. 6.25 crore, to be issued from free reserves and securities premium. Additionally, authorized share capital will be raised from Rs. 4 crore to Rs. 12 crore, and the Articles of Association will be updated to align with the Companies Act, 2013. All these proposals are subject to shareholder approval via postal ballot, with a new Independent Director, Mr. Abhay Narayan Singh, also appointed for a five-year term from April 1, 2025.
Both the stock split and bonus issue are typically viewed positively by retail investors — the split lowers per-share price to improve affordability and trading liquidity, while the 2:1 bonus rewards existing shareholders by tripling their share count at no extra cost. Share price is likely to adjust downward on the ex-date to reflect the increased share count, with no change in total value for shareholders holding through the record date.