GTV Engineering Announces Preferential Issue of Equity Shares
GTV Engineering Ltd announced a preferential issue of equity shares, approved by its Board and shareholders. The company decided to issue 39,42,047 equity shares with a face value of Rs. 2/- each.The decision was reached following a Board meeting held on March 23, 2026, and was subsequently approved by the shareholders at the Extra Ordinary General Meeting (EOGM) on April 16, 2026.
The shares will be issued for a consideration other than cash. The total issue price is Rs. 59.65/- each, which includes a premium of Rs. 57.65/- over the face value.
Financial details of the proposed preferential issue are as follows:
| Detail | Value |
|---|---|
| Total Shares Issued | 39,42,047 |
| Face Value per Share | Rs. 2/- |
| Premium Amount | Rs. 57.65/- |
| Issue Price per Share | Rs. 59.65/- |
| Consideration | Other than Cash |
Stock Price Movement
At the close of trade today, GTV Engineering Ltd slipped, settling at ₹61.12, marking a drop of 0.63% on Thursday. Throughout the session, shares fluctuated significantly, testing as low as ₹60.50 and peaking near ₹64.50.Source:
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