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▲ 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, which met on October 9, 2025, approved increasing the company's authorized share capital from Rs. 12 crore to Rs. 16 crore (divided into 8 crore equity shares of Rs. 2 each), subject to shareholder approval via postal ballot. The Board also discussed a proposal to raise funds through a Rights Issue to existing shareholders, which will be initiated only after the authorized capital increase is approved. Additionally, the company has decided to discontinue its whole wheat atta, maida, suji, besan, and dalia manufacturing operations to focus entirely on its core Heavy Engineering business. A scrutinizer (M/s Ankur Chouksey and Associates) and CDSL have been appointed for the postal ballot and e-voting process.
The authorized capital hike and planned Rights Issue signal a future equity dilution for shareholders, though terms are yet to be disclosed. The exit from the food products business is a strategic refocus on the core heavy engineering segment, which could be viewed positively by investors looking for a cleaner business model.