Corporate Action5 Jun 2026, 04:06 pm
GTN Industries to Issue 24.6 Lakh Shares on Preferential Basis
AI Summary
GTN Industries Ltd announced that its Board of Directors has approved the creation, issuance, and offer of up to 24,59,622 equity shares of Rs. 10 each on a preferential basis to non-promoter group members. The issue price is set at Rs. 24 per share, including a premium of Rs. 14. This move is subject to shareholder approval at an Extra-Ordinary General Meeting (EGM) scheduled for July 6, 2026. The company has also appointed M/s. DVM & Associates, LLP as the scrutinizer for the EGM. The preferential allotment aims to raise capital from specific investors, with seven non-promoter entities identified in Annexure A.
Key Highlights
- Board approves preferential issue of 24.6 lakh equity shares.
- Issue price fixed at Rs. 24 per share, including Rs. 14 premium.
- EGM scheduled for July 6, 2026, to seek shareholder approval.
- Seven non-promoter investors identified for the allotment.
- Appointment of DVM & Associates as scrutinizer for EGM.
Price Impact
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