GTV Engineering Limited , a company listed on the Bombay Stock Exchange, has announced a significant corporate action aimed at expanding its financial capabilities. The company has issued a postal ballot notice seeking shareholder approval to increase its authorized share capital by 33%, from Rs. 12.00 crores to Rs. 16.00 crores.

Key Details of the Proposed Increase

The increase involves creating an additional 2.00 crore equity shares of Rs. 2.00 each, raising the total number of authorized shares from 6.00 crore to 8.00 crore.

Rationale and Voting Process

The company has stated that the increase in authorized share capital is necessitated by plans to raise funds. This move suggests that GTV Engineering might be preparing for potential expansion or investment opportunities in the near future.

E-Voting Details

The e-voting facility will be provided by Central Depository Services Limited (CDSL). Mr. Ankur Chouksey of M/s Ankur Chouksey & Associates, Practising Company Secretaries, has been appointed as the scrutinizer for the postal ballot process.

Implications for Shareholders

This increase in authorized share capital does not immediately impact the shareholding of existing investors. However, it provides the company with the flexibility to issue new shares in the future, which could potentially dilute existing shareholdings if new shares are issued.

Shareholders are advised to carefully consider the proposal and cast their votes through the e-voting system provided by CDSL. The outcome of this vote will be crucial in determining the company's ability to pursue its planned fundraising activities.

GTV Engineering Limited's move to increase its authorized share capital signals its intentions for growth and expansion. Shareholders and market observers will be keenly watching the outcome of this postal ballot and any subsequent fundraising activities the company might undertake.

GTV Engineering Limited, a prominent player in the engineering sector, has announced robust financial results for the first quarter of fiscal year 2026, along with several key board appointments.

Financial Performance

The company's board of directors approved the unaudited financial results for the quarter ended June 30, 2025, revealing a solid performance:

Despite a significant year-over-year decline in net sales, GTV Engineering managed to increase its profitability substantially. The company's net profit for Q1 FY2026 stood at ₹208.47 lakhs, marking a 52.2% increase from the same quarter last year. This improvement in profitability is reflected in the earnings per share (EPS), which rose to ₹6.67 from ₹4.38 in the corresponding quarter of the previous fiscal year.

Board Appointments and Auditor Changes

In addition to the financial results, the board meeting held on August 12, 2025, approved several key appointments:

1. Reappointment of Independent Director: Mr. Rahul Gupta (DIN: 08938292) has been reappointed as an Independent Director for a second term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting (AGM). Mr. Gupta, who holds a Diploma in Mechanical Engineering, brings over 15 years of experience in the Fabrication and Engineering sector to the board.

2. Secretarial Auditor Appointment: M/s KMS & Associates, a Practicing Company Secretaries Firm, has been appointed as the Secretarial Auditor for a period of five years, from FY 2025-2026 to FY 2029-2030. This appointment is also subject to shareholder approval at the AGM.

3. Internal Auditor Appointment: Mr. Virendra Rahul has been appointed as the Internal Auditor for the financial year 2025-2026. Mr. Rahul is noted for his extensive experience in Financial and Management Consultation, Auditing Services, and GST-related Consultancy Services.

These appointments are expected to strengthen GTV Engineering's corporate governance and compliance framework.

Conclusion

GTV Engineering's Q1 FY2026 results demonstrate the company's ability to enhance profitability despite challenging market conditions. The strategic board appointments and auditor changes reflect the company's commitment to maintaining robust corporate governance practices. As the company moves forward, stakeholders will be keenly watching how these changes impact its performance and growth trajectory in the coming quarters.