GTV Engineering Limited has scheduled its 35th annual general meeting for September 29, 2026, to approve significant related party transactions and key board appointments. The meeting will also see the reappointment of Mrs. Darshana Agrawal as a director.

The Board of Directors approved the notice for the AGM in a meeting held on September 2, 2026, at the company’s registered office in Mandideep, Bhopal. The session commenced at 2:00 pm and concluded at 3:00 pm. Alongside the AGM notice, the Board approved the Board of Directors’ Report and Secretarial Audit Report for the financial year ended March 31, 2026.

Key Appointments

The Board approved several appointments based on recommendations from the Audit Committee and Nomination and Remuneration Committee:

• Cost Auditor: M/s. Yogesh Chourasia and Associates (FRN No. 000271) was appointed as Cost Auditor for FY27. The remuneration for this role is fixed at ₹40,000 plus applicable taxes and reimbursement of out-of-pocket expenses.
• Internal Auditor: Mr. Virendra Rahul was appointed as Internal Auditor for FY27.
• Additional Director: Mr. Sanjay Kumar Agrawal (DIN: 02381251) was appointed as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval. He is a CA and ICWA with over 28 years of experience.
• Statutory Auditor: M/s. Rath Dinesh and Associates (FRN No. 008344C) was ratified as Auditors of the Company, holding office until the conclusion of the 36th AGM.

Mrs. Darshana Agrawal (DIN: 07429914), who retires by rotation, offers herself for reappointment as a director.

Related Party Transactions

The Board sought shareholder approval for material Related Party Transactions (RPTs) for FY27 under Regulation 23 of the SEBI (LODR) Regulations, 2015. The proposed transactions involve the purchase and sale of raw materials and semi-finished goods on an arm’s length basis.

The aggregate value of transactions with each entity shall not exceed ₹50 crore in a financial year. These limits represent more than 10% of the company’s annual consolidated turnover, necessitating shareholder approval. Directors interested in these entities include Mr. Mahesh Agrawal, Mrs. Darshana Agrawal, and Mr. Gaurav Agrawal.

Loans and Guarantees

The Board approved proposals for advancing loans, guarantees, or securities to eligible entities under Section 185(2) of the Companies Act, 2013. The aggregate amount for such facilities is capped at ₹75 crore. This proposal requires approval via a Special Resolution at the AGM.

AGM Details

The 35th AGM is scheduled for Tuesday, September 29, 2026, at 11:30 am at the company’s registered office in Mandideep. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026.

M/s Ankur Chouksey & Associates was appointed as the Scrutinizer for the e-voting process. Remote e-voting will be available from September 26, 2026, to September 28, 2026, through CDSL e-voting services. The intimation was issued pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, signed by Ankit Rohit, Company Secretary and Compliance Officer.

GTV Engineering Limited reported a significant improvement in profitability for the first quarter of FY26, with standalone net profit rising 91% year-on-year to ₹3.99 crore. Consolidated net profit for the period attributable to owners of the company reached ₹4.36 crore, up 109% from ₹2.08 crore in Q1FY25. The unaudited financial results were approved by the Board of Directors on August 14, 2026.

Revenue from operations grew robustly, with consolidated figures reaching ₹33.67 crore compared to ₹16.50 crore in the same quarter last year, representing an 85% increase. Standalone revenue stood at ₹29.64 crore, up 80% YoY. The company’s earnings per share (EPS) on a standalone basis rose to ₹0.83 from ₹0.44 in the previous year’s corresponding quarter.

Capital Restructuring and Bonus Issue

Alongside the financial results, the Board approved key corporate actions aimed at enhancing shareholder value and future capacity. These measures require approval from members through a postal ballot via remote e-voting:

• Bonus Share Issue: A 2:1 bonus issue was approved, where two fully paid-up equity shares will be issued for every one existing share held by eligible shareholders. This involves capitalizing free reserves of ₹20.32 crore.
• Authorized Capital Increase: The authorized share capital is proposed to be increased from ₹16.00 crore to ₹31.00 crore.

M/s Ankur Chouksey and Associates has been appointed as the scrutinizer for the postal ballot process, while Central Depository Service (India) Limited (CDSL) will provide remote e-voting services.

E-Voting Schedule and Process

The company has specified the timeline for shareholders to cast their votes on the proposed resolutions. The remote e-voting facility will be available during the following period:

The cut-off date for eligibility is Friday, August 14, 2026. Shareholders whose names appear on the register of members or register of beneficial owners as on this date are entitled to vote. The results of the e-voting will be announced on or before Sunday, September 20, 2026.

Individual shareholders holding securities in demat mode can vote through their depository accounts (CDSL/NSDL). Physical shareholders and non-individual shareholders must log on to the CDSL e-voting website ( www.evotingindia.com ) using their folio number or demat account details. The bonus shares, if approved, will be allotted in dematerialized form only.

Consolidation of Subsidiaries

The consolidated financial statements for Q1FY26 include the results of Chirchind Hydro Power Private Limited and its subsidiary, Shivalik Energy Private Limited, following their acquisition on June 2, 2026. This acquisition contributed to the higher consolidated revenue and profit figures compared to the standalone numbers.

What the Numbers Show

The divergence between standalone and consolidated revenue highlights the impact of recent acquisitions. While standalone revenue grew 80% YoY to ₹29.64 crore, consolidated revenue surged 85% to ₹33.67 crore. The additional ₹4.03 crore in consolidated revenue is attributed to the integration of Chirchind Hydro Power Private Limited and Shivalik Energy Private Limited, indicating that new business lines are already contributing meaningfully to the top line within the first month of consolidation.

The statutory auditor, Rath Dinesh & Associates, issued a limited review report stating that nothing came to their attention to cause them to believe the unaudited financial results contain any material misstatement.