Board recommends Bonus Issue

GTV Engineering's board, at its June 7, 2025 meeting, approved two major corporate actions. First, a stock split where each equity share of Rs. 10 face value will be divided into 5 shares of Rs. 2 each, aimed at boosting liquidity and making shares more affordable for retail investors. Second, a bonus issue in a 2:1 ratio (2 bonus shares for every 1 held), which will add about 62.47 lakh new shares funded from free reserves of roughly Rs. 6.25 crore, taking paid-up equity from 31.24 lakh shares to 93.72 lakh shares. The authorized capital will also be tripled from Rs. 4 crore to Rs. 12 crore. All these changes need shareholder approval through a postal ballot, with a new independent director also appointed. Both the split and bonus are expected to be completed within about two months.