GTN Industries Limited has announced its 64th Annual General Meeting (AGM) scheduled for September 28, 2026. Key agenda items include the adoption of a new Memorandum and Articles of Association, ratification of cost auditor remuneration, and authorization for investments. A significant proposal is the sale and transfer of the company’s Nagpur Unit to M/s. GTN Engineering (India) Limited for ₹71 crore.
GTN Industries Schedules 64th AGM
GTN Industries Limited will hold its 64th Annual General Meeting (AGM) on Monday, September 28, 2026, at 10:30 AM at its registered office. The meeting will cover several important resolutions impacting the company’s governance and operations.
Key Agenda Items
Shareholders will be asked to consider and adopt the audited financial statements, the Board’s Report, and the Auditors’ Report. A key resolution involves the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA), aligning them with the Companies Act, 2013. The remuneration of cost auditors, M/s. NSV Krishna Rao & Co., will also be ratified.
Further resolutions include authorizing the Board of Directors for investments, loans, and guarantees under Section 186 of the Companies Act, 2013. The company will also seek approval for material related party transactions with M/s. GTN Engineering (India) Limited and the sale, transfer, and disposal of its Nagpur Unit to M/s. GTN Engineering (India) Limited for a lump-sum consideration of ₹71 crore. This disposal is to be undertaken as a going concern and on a slump sale basis.
Financial Performance Highlights
The company reported a turnover of ₹16,056 lacs for the year ended March 31, 2026, compared to ₹17,250 lacs in the previous year. The operating loss before interest, depreciation, and tax stood at ₹497 lacs, contrasting with a profit of ₹257 lacs in the prior year. The total comprehensive loss after tax was ₹1,073 lacs.
Director and Auditor Information
The Board of Directors consists of Mr. M.K. Patodia (Chairman & Managing Director), Mr. Ranganath M V, Mr. Ashok Kumar TT, Mrs. Sabari S Kambli, and Mr. C. George Joseph. M/s. Lodha & Co LLP has been appointed as the statutory auditor until the 65th AGM in 2027. M/s. NSV Krishna Rao & Co. are the appointed cost auditors.
Source: BSE
