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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 has sent a Postal Ballot Notice to shareholders seeking approval (via remote e-voting from June 12 to July 11, 2025) for six key items. Item 1 is a stock split, sub-dividing every 1 equity share of Rs. 10 face value into 5 equity shares of Rs. 2 face value, which would increase issued shares from 31,23,888 to 1,56,19,440. Item 2 alters the MOA capital clause to reflect the split. Item 3 raises authorised share capital from Rs. 4 crore to Rs. 12 crore (creating 4 crore additional shares of Rs. 2 each). Item 4 seeks adoption of restated Articles of Association as a Special Resolution. Item 5 is a bonus issue in the ratio of 2:1 (2 bonus shares for every 1 held post-split), capitalising up to Rs. 6.24 crore from free reserves. Item 6 is the appointment of Mr. Abhay Narayan Singh (DIN: 11024692) as Independent Director for a 5-year term from April 1, 2025 to March 31, 2030 as a Special Resolution.
Shareholder-friendly proposals — the stock split is likely to improve liquidity and make shares more affordable, while the 2:1 bonus issue rewards existing shareholders and triples their share count post-split. The increased authorised capital signals room for future fundraising, though no immediate capital raise is announced. Watch for voting results by July 14, 2025; the share price typically reacts to stock-split and bonus announcements.