Outcome of the Board Meeting held on 29th July, 2025 - Allotment of Bonus Equity Shares
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GTV Engineering Ltd's board, at its meeting on 29th July 2025, approved the allotment of 3,12,38,880 bonus equity shares of face value Rs. 2 each to eligible shareholders whose names were on the register as of the record date 28th July 2025. The bonus was issued in the ratio of 2 new shares for every 1 existing share held. Post-allotment, the total equity share count rises from 1,56,19,440 to 4,68,58,320 shares, tripling the paid-up share capital from Rs. 3.12 crore to Rs. 9.37 crore. The bonus shares will rank equally with existing shares and will be credited or dispatched within the SEBI-prescribed timeline.
Eligible shareholders will see their shareholding triple in quantity at no extra cost, though the share price is expected to adjust downward proportionally (ex-bonus). This rewards existing investors and improves share liquidity, with no immediate cash impact on the company.