GTV Engineering Acquires 35.31% CHPPL Via Share Swap

GTV Engineering's Board approved preferential issue of up to 39,42,047 equity shares at Rs. 59.65 each to acquire 35.31% stake in Chirchind Hydro Power Private Limited via share swap.
Post-acquisition, GTV Engineering's total holding in CHPPL will reach 51%, making it a subsidiary; Shivalik Energy Private Limited becomes a step-down subsidiary.
EGM scheduled for April 16, 2026 with record date of April 9, 2026 to seek shareholder approval for the share swap, preferential issue, and Rs. 100 crore loan/guarantee/investment limit.