GTV Engineering Limited Board Meeting Scheduled for March 23, 2026 to Consider Preferential Issue and Share Swap Agreement

GTV Engineering Limited has announced a board meeting scheduled for March 23, 2026, at 2:00 PM to consider several significant corporate actions, including a preferential issue proposal and share swap agreement. The meeting will be held at the company's registered office in Mandideep, Bhopal.

Key Agenda Items

The board meeting will address multiple strategic initiatives that require formal approval and subsequent shareholder consent. The primary focus centers on equity transactions and corporate restructuring activities.

Agenda Item Details Preferential Issue Equity shares to GTV Infrastructures Private Limited Acquisition Target Additional 35.31% equity shares in Chirchind Hydro Power Private Limited Consideration Other than cash, subject to board decision Share Swap Agreement between GTV Engineering Limited and GTV Infrastructures Private Limited Meeting Date March 23, 2026 at 2:00 PM

Corporate Actions and Approvals

The board will evaluate the preferential issue proposal involving GTV Infrastructures Private Limited for acquiring additional equity stakes in Chirchind Hydro Power Private Limited (CHPPL). This transaction structure involves consideration other than cash, with specific terms to be determined by the board.

Additionally, the directors will review and approve related party transactions associated with the proposed deals. The meeting agenda includes increasing the company's investment limits under Section 186 of the Companies Act, 2013, enabling greater financial flexibility for future transactions.

Shareholder Meeting Planning

The board will decide on convening the first Extraordinary General Meeting (EGM) for Financial Year 2026-2027. This EGM will seek shareholder approval for the proposed preferential issue and related transactions, as these matters require investor consent under regulatory requirements.

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has closed the trading window for designated persons and their immediate relatives. This measure ensures regulatory compliance during the consideration of material corporate actions.

The board meeting notification, signed by Company Secretary and Compliance Officer Ankit Rohit, was submitted to the Bombay Stock Exchange on March 18, 2026, fulfilling disclosure obligations under Regulation 29 of SEBI (LODR) Regulations, 2015.

GTV Engineering Limited has announced its unaudited financial results for the third quarter of FY26, ended December 31, 2025. The company's Board of Directors approved these results during their meeting held on February 14, 2026, demonstrating strong operational performance across key financial metrics.

Financial Performance Overview

The company reported robust financial results for Q3 FY26, with significant improvements in profitability compared to the corresponding quarter of the previous year.

Financial Metric Q3 FY26 Q3 FY25 Change Net Sales/Income from Operations ₹2854.84 lakhs ₹2473.77 lakhs Higher Total Income ₹2859.48 lakhs ₹2497.97 lakhs Higher Net Profit ₹550.80 lakhs ₹422.52 lakhs Higher Earnings Per Share (Basic & Diluted) ₹1.18 ₹0.90 Higher

Expense Management

The company's expense structure for Q3 FY26 showed effective cost management across various categories. Total expenses for the quarter stood at ₹2097.54 lakhs compared to ₹1856.96 lakhs in Q3 FY25.

Key Expense Components:

Cost of Materials Consumed: ₹1752.47 lakhs

Employee Benefits: ₹72.37 lakhs

Other Expenses: ₹177.66 lakhs

Depreciation and Amortisation: ₹23.44 lakhs

Finance Cost: ₹2.26 lakhs

Nine-Month Performance

For the nine months ended December 31, 2025, GTV Engineering demonstrated strong year-to-date performance with total income from operations of ₹6955.39 lakhs and net profit of ₹1110.76 lakhs.

Nine-Month Metrics FY26 (Apr-Dec) FY25 (Apr-Dec) Total Income from Operations ₹6955.39 lakhs ₹4037.79 lakhs Net Profit ₹1110.76 lakhs ₹674.84 lakhs Current Tax ₹400.85 lakhs ₹243.37 lakhs

Corporate Governance and Compliance

The Board meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The meeting commenced at 2:00 PM and concluded at 2:55 PM on February 14, 2026.

Key Approvals:

Unaudited Financial Results for Q3 FY26

Limited Review Report from auditors

Arrangements for publishing financial results in newspapers

The company's paid-up equity share capital remains at ₹937.76 lakhs with a face value of ₹2 per share. The results were reviewed by the Audit Committee and received a clean limited review report from Rath Dinesh & Associates, Chartered Accountants.

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