Voting Results and Scrutinizer Report of Postal Ballot.
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GTV Engineering Ltd conducted a Postal Ballot via remote e-voting from June 12 to July 11, 2025, with results declared on July 12, 2025. All six resolutions were passed with overwhelming shareholder support (over 99.99% in favour on every item). Key resolutions include a 1:5 stock split (one Rs. 10 share into five Rs. 2 shares), increase in authorised share capital, issue of bonus shares, adoption of restated Articles of Association, and appointment of Mr. Abhay Narayan Singh (DIN: 11024692) as Independent Director. Promoters holding 18,58,079 shares voted 100% in favour of all resolutions, while public participation was modest at 36,914 votes polled out of 12,65,809 public shares (about 2.9% turnout). Overall voting turnout was 60.66% of total outstanding shares.
Shareholders should expect the stock split and bonus issue to be implemented shortly, which will increase the share count, improve liquidity, and make the stock more affordable for retail buyers. The near-unanimous approval shows strong promoter and shareholder alignment, though low public voting turnout suggests limited retail engagement.