Outcome of Board Meeting held on 07.06.2025.
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The Board of Directors of GTV Engineering Ltd, at their meeting on June 7, 2025, approved several major corporate actions, all subject to shareholder approval via postal ballot. The company announced a stock split in the ratio of 1:5, where each equity share of face value Rs. 10 will be subdivided into 5 equity shares of face value Rs. 2, aimed at improving liquidity and retail participation. Additionally, the Board approved a bonus issue in the ratio of 2:1, meaning shareholders will receive 2 bonus equity shares for every 1 share held, by capitalising free reserves of approximately Rs. 6.24 crore. The authorised share capital will also be increased from Rs. 4 crore to Rs. 12 crore to accommodate these changes. The Board also approved the appointment of Mr. Abhay Narayan Singh as an Independent Director for a five-year term starting April 1, 2025, along with adoption of a new set of Articles of Association aligned with the Companies Act, 2013.
This is a significant shareholder-friendly move combining a 1:5 stock split and a 2:1 bonus issue, which together will triple the share count and potentially improve liquidity and affordability for retail investors. Both actions are subject to postal ballot approval, and the record date will be announced later. The stock may see short-term positive sentiment due to these corporate actions.