GTV Engineering Limited has successfully completed its corporate governance processes with the Board and shareholders approving a preferential issue of 39,42,047 equity shares at Rs 59.65 each. The comprehensive approval process included the company's 1st Extraordinary General Meeting (EOGM) held on April 16, 2026, where both special resolutions received unanimous shareholder support.

Preferential Share Issue Details

The Board meeting held on March 23, 2026, and subsequent shareholder approval at the EOGM have cleared the way for the preferential equity share allotment. The shares carry a face value of Rs 2.00 each with a premium of Rs 57.65, resulting in the issue price of Rs 59.65 per share.

EOGM Voting Results and Participation

The EOGM conducted at the company's registered office in Mandideep, Raisen (MP) witnessed strong shareholder participation with both special resolutions achieving 100% approval. The meeting was chaired by Managing Director Mr. Mahesh Agrawal, with comprehensive voting through remote e-voting and physical attendance.

Regulatory Compliance and Governance

The preferential issue has been structured in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Issue of Capital and Disclosure Requirements) 2018. Company Secretary Ankit Rohit confirmed that all regulatory requirements have been fulfilled, with proper documentation submitted to BSE Limited.

The first special resolution for enhancing limits for loans, guarantees, securities, and investments up to Rs 100 crores also received unanimous approval, with 48 members casting 4,329,973 votes representing complete shareholder confidence. The e-voting process operated from April 13-15, 2026, ensuring maximum participation opportunities.

Strategic Implications for Growth

The unanimous approval of both resolutions positions GTV Engineering for enhanced financial flexibility and strategic expansion. The preferential share allotment to promoter group entity GTV Infrastructures Private Limited strengthens the company's capital structure while maintaining regulatory compliance. The concurrent approval of the Rs 100 crore investment limit enhancement indicates significant growth plans beyond the prescribed limits under Section 186 of the Companies Act, 2013.

The successful completion of these corporate actions demonstrates strong shareholder confidence in the company's strategic direction, with the preferential issue providing additional capital resources for business expansion initiatives.

GTV Engineering Limited has officially communicated to BSE Limited that the company does not fall under the category of Large Corporate as defined by SEBI regulations, making certain borrowing-related circulars non-applicable to the company.

Regulatory Compliance Notification

In a formal communication dated 15.04.2026, GTV Engineering Limited confirmed its status regarding SEBI's Large Corporate framework. The company stated that it does not qualify as a Large Corporate as on 31.03.2026, based on the applicability criteria outlined in relevant SEBI circulars.

SEBI Circular References

The notification specifically references multiple SEBI circulars that govern borrowing requirements for large corporates. The company's communication cites the following regulatory documents:

• SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018
• SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated 19th October, 2023
• SEBI circular vide Ref No. List/Comp/05/2019-20 dated 11th April, 2019

These circulars establish the framework for determining Large Corporate status and associated borrowing requirements.

Company Information

GTV Engineering Limited operates from its registered office and works located at 216-217-218, New Industrial Area-II, Mandideep-462046 (Bhopal). The company maintains its corporate identification number as L31102MP1990PLC006122 and operates under the website www.gtv.co.in .

Compliance Framework

The notification serves as a formal declaration to ensure regulatory compliance and transparency with stock exchange requirements. Company Secretary & Compliance Officer Ankit Rohit digitally signed the communication on 2026.04.15, confirming the company's adherence to SEBI's disclosure requirements regarding Large Corporate status determination.