Notice of 34th Annual General Meeting of GTV Engineering Limited.
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GTV Engineering Limited has issued notice for its 34th Annual General Meeting scheduled for Monday, September 29, 2025 at 11:30 AM at its registered office in Mandideep, Bhopal. The agenda includes adoption of FY2024-25 financial statements, re-appointment of Mr. Gaurav Agrawal as Director (retiring by rotation), and declaration of a final dividend of ₹0.10 per equity share (5% on face value of ₹2). Shareholders will also vote on re-appointing Mr. Rahul Gupta as Independent Director for a second 5-year term (August 28, 2025 to August 27, 2030) and approving a hike in Managing Director Mr. Mahesh Agrawal's monthly remuneration from ₹3 lakh to ₹4 lakh effective October 1, 2025. Additionally, the meeting will consider appointing M/s KMS & Associates as Secretarial Auditor for five years (till FY 2029-30) and approving material related party transactions with associate companies Chirchind Hydro Power Pvt Ltd and Shivalik Energy Pvt Ltd up to ₹70 crore per financial year. The record date for dividend eligibility is September 22, 2025, and e-voting will run from September 26 to September 28, 2025.
The proposed 5% final dividend is modest, indicating limited cash returns for FY25 shareholders. The ₹70 crore related party transaction ceiling signals substantial ongoing business with associate companies, which shareholders should review for arm's-length pricing. The 33% hike in the Managing Director's salary and multiple director re-appointments are governance matters that directly affect minority shareholders' voting decisions.