GTN Industries Limited shareholders approved the issuance of 24,59,622 equity shares on a preferential basis during an Extra-Ordinary General Meeting (EGM) held on July 6, 2026. The meeting, convened at the company's registered office in Chitkul Village, Telangana, sought shareholder consent to raise capital through this special resolution. The approval allows the company to allot shares to identified investors, subject to regulatory compliance.

The EGM commenced at 11.00 A.M. and concluded at 11.45 A.M. on the same day. Mr. M.K. Patodia, Chairman and Managing Director, chaired the meeting, which was attended by 34 members in person. The facility for remote e-voting was provided in accordance with Section 108 of the Companies Act, 2013, and M/s. DVM & Associates LLP was appointed as the scrutinizer to oversee the voting process.

Resolution Details

The special business transacted at the meeting included the approval of the preferential allotment. The resolution was passed via remote e-voting and ballot, as reported by the scrutinizer.

Meeting Logistics

The proceedings were conducted pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The outcome has been submitted to BSE Limited, referencing the company scrip code 500170.

The detailed voting results will be uploaded to the company's website and the NSDL website within 48 hours of the meeting's conclusion. The filing was authenticated by P. Prabhakara Rao, Company Secretary of GTN Industries Limited.

GTN Industries has closed its trading window for designated persons effective July 1, 2026, to prevent insider trading ahead of its financial results for the quarter ended June 30, 2026. The window will remain shut until 48 hours after the declaration of the results, ensuring compliance with regulatory norms regarding unpublished price-sensitive information. The board meeting to consider and approve the financial results is scheduled to be held on or before August 14, 2026.

The closure follows the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, read with the Amendment Regulations, 2018. Additionally, the company is adhering to its internal code of conduct for the prevention of insider trading and its code of practices for fair disclosure of unpublished price-sensitive information. The restriction applies to all designated persons within the organization.

Key Dates and Details

The company intimated BSE Limited regarding the closure of the trading window under the specified regulations. The communication was addressed to the Department of Corporate Services at BSE Limited, referencing the company's scrip code 500170.