GTV Engineering has announced a 2-for-1 bonus share issue, backed by robust quarterly profits and a recent restatement of its year-end disclosures, subject to shareholder approval.
GTV Engineering has proposed a 2-for-1 bonus share issue as it reported a sharp jump in first-quarter earnings, adding to a run of stronger results that also saw the heavy engineering group restate some year-end disclosures as audited. According to the company’s announcement on 14 August, the bonus proposal will need shareholder approval through postal ballot before it can proceed. The board has also backed an increase in authorised share capital from Rs 16 crore to Rs 31 crore to make room for the expanded equity base.
If approved, the offer would give investors two extra fully paid shares for each share they already hold. The company said it plans to capitalise Rs 20.32 crore from free reserves for the issue, although it has not yet fixed a record date. A bonus issue does not change the underlying value of a holding on its own, since the share price is typically adjusted to reflect the larger number of shares in circulation.
The corporate action comes alongside a strong set of quarterly numbers. GTV Engineering said consolidated net profit attributable to owners rose to Rs 4.17 crore in the June quarter from Rs 2.08 crore a year earlier, while revenue from operations increased to Rs 33.67 crore from Rs 16.50 crore. Standalone profit climbed to Rs 3.99 crore, and standalone revenue reached Rs 29.64 crore. The company also said earnings per share improved on both a standalone and consolidated basis.
Part of the stronger consolidated performance reflects the purchase of Chirchind Hydro Power Private Limited and its subsidiary, Shivalik Energy Private Limited, which were acquired on 2 June 2026 and included in the quarter’s consolidated accounts. The company’s broader financial reporting has also been clarified in recent weeks: GTV Engineering said its year-end results to 31 March 2026 were audited, correcting an earlier clerical error in which some columns had been marked unaudited, while the figures themselves were unchanged. Separate coverage of the annual results said total income rose to Rs 103.33 crore and profit after tax increased to Rs 14.22 crore, supported by execution in fabrication and machining work.
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