GTV Engineering Limited has scheduled its first Extraordinary General Meeting (EGM) for Financial Year 2026-2027 on April 16, 2026, following board approval of a significant Rs 23.52 crore share swap deal. The board meeting held on March 23, 2026, concluded at 2:55 PM after approving multiple strategic initiatives including preferential issue and acquisition arrangements.

EGM Schedule and Voting Details

The company has fixed comprehensive timelines for shareholder participation in the upcoming EGM. The meeting will be conducted at the registered office located at 216-218, New Industrial Area-II, Mandideep-462046, Bhopal.

Board Approved Transaction Structure

The board has approved a comprehensive preferential issue and share swap arrangement targeting strategic expansion in the power generation sector. The transaction involves acquiring controlling stake in Chirchind Hydro Power Private Limited (CHPPL) through equity share exchange.

Special Resolutions for Approval

The EGM agenda includes two special resolutions requiring shareholder approval. The first resolution seeks authorization for loans, guarantees, and investments up to Rs 100 crore under Section 186 of the Companies Act, 2013. The second resolution addresses the preferential allotment of equity shares for consideration other than cash.

The preferential issue targets GTV Infrastructures Private Limited, classified under the promoter group category. The share swap involves acquiring 1,12,56,250 equity shares of CHPPL, representing 35.31% of its paid-up equity share capital. Upon completion, CHPPL will become a subsidiary, while Shivalik Energy Private Limited will become a step-down subsidiary.

Valuation and Compliance Framework

The issue price determination follows SEBI ICDR Regulations with independent valuation conducted by CA Sumit R Jain, registered valuer. The valuation report dated March 20, 2026, establishes fair value using multiple approaches including income, asset, and market methodologies.

The transaction structure ensures compliance with regulatory requirements including arms-length pricing, independent valuation, and appropriate lock-in provisions. The equity shares issued will be subject to 18-month lock-in period as per SEBI ICDR Regulations, with pre-issue shareholding locked for 90 trading days from relevant date.

Strategic Business Impact

The acquisition enables expansion into electricity generation through small hydro power plants and heavy steel fabrication sectors. CHPPL's recent financial performance demonstrates business viability with turnover of Rs 32.60 crore in 2024-2025, compared to Rs 25.99 crore in 2023-2024.

Post-completion, the company's paid-up share capital will increase from Rs 9.37 crore to Rs 10.16 crore. The transaction is expected to complete within 15 days from shareholder approval, subject to regulatory clearances and stock exchange approvals.

GTV Engineering Limited has announced its unaudited financial results for the third quarter of FY26, ended December 31, 2025. The company's Board of Directors approved these results during their meeting held on February 14, 2026, demonstrating strong operational performance across key financial metrics.

Financial Performance Overview

The company reported robust financial results for Q3 FY26, with significant improvements in profitability compared to the corresponding quarter of the previous year.

Expense Management

The company's expense structure for Q3 FY26 showed effective cost management across various categories. Total expenses for the quarter stood at ₹2097.54 lakhs compared to ₹1856.96 lakhs in Q3 FY25.

Key Expense Components:

• Cost of Materials Consumed: ₹1752.47 lakhs
• Employee Benefits: ₹72.37 lakhs
• Other Expenses: ₹177.66 lakhs
• Depreciation and Amortisation: ₹23.44 lakhs
• Finance Cost: ₹2.26 lakhs

Nine-Month Performance

For the nine months ended December 31, 2025, GTV Engineering demonstrated strong year-to-date performance with total income from operations of ₹6955.39 lakhs and net profit of ₹1110.76 lakhs.

Corporate Governance and Compliance

The Board meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The meeting commenced at 2:00 PM and concluded at 2:55 PM on February 14, 2026.

Key Approvals:

• Unaudited Financial Results for Q3 FY26
• Limited Review Report from auditors
• Arrangements for publishing financial results in newspapers

The company's paid-up equity share capital remains at ₹937.76 lakhs with a face value of ₹2 per share. The results were reviewed by the Audit Committee and received a clean limited review report from Rath Dinesh & Associates, Chartered Accountants.