Intimation regarding Notice of Postal Ballot.
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Awaiting price reaction for this filing.
GTV Engineering Limited has issued a Postal Ballot notice seeking shareholder approval to raise its Authorised Share Capital from Rs. 12 crore (6 crore equity shares of Rs. 2 each) to Rs. 16 crore (8 crore equity shares of Rs. 2 each), a 33% increase that would create room for an additional 2 crore equity shares. The company stated it is 'planning to raise funds,' indicating this is preparatory to a future equity issuance such as a rights issue, preferential allotment, or further public offer. The consequential amendment to Clause V of the Memorandum of Association will also be put to vote. E-voting runs from October 15, 2025 (9:00 AM) to November 13, 2025 (5:00 PM), with results to be announced by November 15, 2025, conducted via CDSL.
This is a non-dilutive procedural step today but signals that GTV Engineering is preparing to raise fresh equity capital in the near term. If the resolution passes, existing shareholders may face potential equity dilution when the company eventually issues new shares, though no specific fundraising plan or pricing has been announced yet.