GTV Engineering Ltd Announces Bonus Issue and Stock Split

GTV Engineering Ltd announced a bonus issue and a stock split in its recent board meeting. The company will sub-divide/split its existing Equity Shares of Rs. 10/- each into Equity Shares of Rs. 2/- each. The company also approved a bonus issue in the ratio of 2:1. The board also approved increasing the authorized share capital from Rs. 4,00,00,000/- to Rs.12,00,00,000/-. The record date for the sub-division/split of existing Equity Shares will be decided after taking approval from the equity shareholders of the company.