GTN Industries Allots Equity Shares, Redeems Preference Shares

GTN Industries Ltd announced that its Board of Directors, in a meeting held on July 31, 2026, approved the allotment of 24,59,622 equity shares on a preferential basis at an issue price of ₹24 per share, aggregating to ₹5,90,30,928. These shares were issued to non-promoter categories. Additionally, the Board approved the redemption of 5,90,000 0.01% Non-Cumulative Redeemable Preference Shares, with an aggregate value of ₹5,90,00,000, utilizing funds from the fresh issue of equity shares. The meeting commenced at 01:30 p.m. and concluded at 3:00 p.m.