GTV Engineering 2:1 bonus issue: key dates for 2026

What the board approved and why it matters

GTV Engineering Ltd has approved two corporate actions that can change the company’s equity structure, subject to shareholder approval. The board cleared a 2:1 bonus issue, meaning shareholders would receive two new equity shares for every one share held. Alongside the bonus proposal, the board also approved an increase in authorised share capital to ₹31.00 crore from ₹16.00 crore. Both items will now go to members for approval through a postal ballot process conducted via remote e-voting. The company disclosed the proposals along with its quarterly financial results announced on August 14, 2026.

Understanding the 2:1 bonus issue in simple terms

A 2:1 bonus issue means two fully paid-up equity shares will be issued for every one existing equity share held by eligible shareholders. In practical terms, if an investor owns 100 shares, they would receive 200 additional bonus shares. That would take the total holding to 300 shares, subject to eligibility and completion of the approval process. The company has stated that the bonus shares, if approved, will be allotted in dematerialised form only. The proposal is currently at the approval stage and will move forward only after shareholder consent.

Free reserves to be capitalised for the bonus

For the bonus issue, the company plans to capitalise free reserves of ₹20.32 crore. This is the pool of reserves the company intends to convert into share capital for issuing bonus shares. The disclosure specifies this amount as part of the board-approved proposal. As with the rest of the corporate action, this capitalisation step is linked to member approval through the postal ballot.

Authorised share capital increase to ₹31.00 crore

The board has also proposed increasing authorised share capital from ₹16.00 crore to ₹31.00 crore. An authorised capital increase expands the ceiling for how much share capital a company is permitted to issue, as per its charter documents. The company has indicated that the authorised capital increase is a separate resolution that will also be put to shareholders via postal ballot. Like the bonus issue, this measure requires member approval before it can be implemented.

Postal ballot and remote e-voting: dates, cut-off, and result timeline

The company has laid out a defined e-voting window for shareholders to approve or reject the resolutions. Remote e-voting opens on August 20, 2026 at 9:00 am and closes on September 18, 2026 at 5:00 pm. The cut-off date for determining eligibility to vote is Friday, August 14, 2026. Shareholders whose names appear on the register of members or the register of beneficial owners as of that cut-off are entitled to vote. The company said results will be announced on or before Sunday, September 20, 2026.

How shareholders can vote

GTV Engineering has outlined separate voting routes based on holding mode. 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). They will need to use their folio number or demat account details to access the voting facility. The company has appointed Central Depository Service (India) Limited (CDSL) to provide remote e-voting services for the postal ballot.

Scrutiniser and process oversight

For the postal ballot, the company has appointed M/s Ankur Chouksey and Associates as the scrutiniser. The scrutiniser’s role is to oversee the voting process and verify the voting results in line with the process requirements. Separately, the company has also stated that Ankit Rohit has been appointed as the Company Secretary to oversee the postal ballot process. These appointments sit alongside CDSL’s role as the remote e-voting service provider.

Record date for bonus shares is still pending

While the company has announced the bonus ratio and the voting schedule, it has not yet announced the record date for determining shareholders eligible for the bonus shares. The proposal must first receive shareholder approval through the postal ballot. The company has said details such as the record date and the schedule for crediting the bonus shares will be communicated separately. For investors tracking eligibility beyond voting, this missing record date is a key operational item still awaited.

Key facts table

Market impact and what investors should track

A bonus issue changes the number of shares outstanding and increases the number of shares held by investors in proportion to their current holding, subject to eligibility. In this case, the 2:1 ratio implies the share count per investor would rise significantly if the proposal is approved. The authorised capital increase to ₹31.00 crore is relevant because it increases the company’s ability to issue shares within the permitted ceiling, although it is presented here as a separate proposal requiring shareholder approval. The immediate, actionable dates for shareholders are the cut-off date (August 14, 2026) and the e-voting window (August 20 to September 18, 2026), followed by the results timeline up to September 20, 2026.

Background: earlier postal ballot reference in company disclosures

The provided disclosures also reference an earlier postal ballot notice that proposed raising authorised share capital from ₹12.00 crore to ₹16.00 crore, with e-voting scheduled from October 15 to November 13, 2025 and results expected by November 15, 2025. That reference provides context on how the company has previously used the postal ballot and e-voting route for capital-related resolutions. The current proposal, however, is specifically for an authorised capital increase from ₹16.00 crore to ₹31.00 crore and a 2:1 bonus issue, with the 2026 voting schedule as stated.

Conclusion

GTV Engineering’s board has approved a 2:1 bonus issue and a proposal to increase authorised share capital to ₹31.00 crore, both subject to shareholder approval through a postal ballot. Shareholders can vote via remote e-voting from August 20 to September 18, 2026, with results expected on or before September 20, 2026. The company has not yet announced the record date for bonus eligibility and said it will communicate the record date and credit schedule separately after the approval process is completed.