GTV Engineering Limited has fixed Wednesday, October 7, 2026, as the record date to determine shareholder eligibility for a bonus issue. The company will allot new equity shares in a ratio of 2:1, meaning two new shares for every existing share held.

This corporate action aims to increase the liquidity of the company's shares in the market. The bonus shares will be fully paid-up equity shares with a face value of ₹2 each, matching the face value of the existing shares.

Details of the bonus issue

The Board of Directors approved the issuance under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific terms of the allotment are outlined below:

Shareholders whose names appear in the register of members on the record date will be entitled to receive the bonus shares. The company communicated this decision to BSE Limited on September 28, 2026.

Compliance and filing

The intimation was filed by Ankit Rohit, Company Secretary and Compliance Officer, pursuant to regulatory requirements. This filing ensures that all eligible investors are identified accurately before the shares are credited to their demat accounts.

GTV Engineering shareholders have approved two ordinary resolutions through a postal ballot process conducted via remote e-voting. The approvals cover an increase in authorized share capital and the issuance of bonus shares.

The voting window remained open from August 20, 2026, to September 18, 2026. As of the record date on August 14, 2026, the company had 7,966 shareholders. A total of 61 members cast valid votes representing 27,666,661 shares.

Voting Results

Both resolutions received unanimous support from the participating shareholders. No votes were cast against either proposal, and no invalid or abstained votes were recorded.

Promoter Participation

Promoters and the promoter group held 31,063,231 shares as of the record date. They voted 27,121,185 shares in favour of both resolutions, accounting for approximately 98% of the total votes polled. Public non-institutional shareholders held 19,737,135 shares and voted 545,476 shares in favour.

Scrutinizer Report

Ankur Chouksey of Ankur Chouksey & Associates served as the independent scrutinizer for the postal ballot. The scrutinizer confirmed that the voting process adhered to Section 110 of the Companies Act, 2013, Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The votes were unblocked on September 19, 2026, in the presence of two independent witnesses. The scrutinizer certified that both ordinary resolutions were passed with the requisite majority.