GTV Engineering Limited has announced its 01st Extra-Ordinary General Meeting (EGM) for the financial year 2026-2027, demonstrating the company's commitment to transparent corporate governance and shareholder engagement.

Meeting Schedule and Logistics

The EGM is scheduled to be held on Thursday, April 16, 2026 at 11:30 AM at the company's registered office located at 216-217-218, New Industrial Area-II, Mandideep-462046 (Bhopal). The company completed the dispatch of EGM notices on March 24, 2026 to all members through electronic means who have registered their e-mail addresses with the company or depository participants.

Key Resolutions for Shareholder Approval

The meeting will address two critical special resolutions that require shareholder approval:

These resolutions indicate the company's strategic focus on expanding its financial flexibility and capital structure optimization.

Comprehensive E-Voting Arrangements

In compliance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015, GTV Engineering has implemented a robust e-voting system. The company has partnered with Central Depository Securities Limited (CDSL) to provide electronic voting services to its members.

E-Voting Timeline and Process

The Board of Directors has appointed M/s Ankur Chousey & Associates as the scrutinizer to ensure fair and transparent conduct of the e-voting process. Members who utilize remote e-voting may participate in the EGM but will not be permitted to vote again during the meeting.

Important Dates and Compliance Requirements

The company has established several key dates for the EGM process:

Member Communication and Access

The EGM notice and related documents are available on multiple platforms for member convenience:

• Company website: www.gtv.co.in
• BSE Limited website: www.bseindia.com
• CDSL e-voting portal: www.evoting.cdsl.com

Members who have not received the notice can download it from the company's investor relations section or the CDSL portal. The company has provided detailed instructions for e-voting in the EGM notice.

Registration and Contact Information

For members holding shares in different forms, the company has outlined specific procedures for email address registration:

Physical Shares: Contact Ankit Consultancy Private Limited (Registrar and Transfer Agent) at 60, Electronic Complex, Pardeshipura, Indore (M.P.) 452010 or investor@ankitonline.com

Demat Shares: Contact the respective Depository Participant to register email addresses in the demat account

This EGM represents GTV Engineering's continued focus on corporate governance excellence and strategic business expansion through enhanced financial capabilities.

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.