Gujarat Cotex Ltd

Proposed new divisions

• Proposes two new divisions: Prabhat Oils and Prabhat Infratech.
• Prabhat Oils to explore edible oils trading, processing, refining, job work, and allied activities.
• Prabhat Infratech to explore residential, commercial, and apartment development near Surat.
• Potential opportunities around Surat and Dholera Smart City.
• Board to consider proposals at forthcoming meeting; approvals pending.
• No financial figures disclosed in this intimation.
• Disclosures to be provided upon material developments.
• Proposals subject to Board and statutory/regulatory requirements.

Meeting Details

• Board meeting on Tuesday, 21 July 2026, at the company's office.

Key Agenda Items

• Unaudited financial results for the quarter ended 30 June 2026 to be considered.
• Note resignation of Independent Director Mr. Monil Navinchandra Vora.

Other Notes

• No additional material items disclosed in the filing.

Gujarat Cotex Ltd: Trading Window closed from 01st July, 2026 till completion of 48 hours after the declaration of financial results for the period ended 30th, June, 2026

Resignation of Independent Director

• Monil Navinchandra Vora, Independent Director, resigned 30/06/2026; ceased board committees due to preoccupation with other business activities.

Audited results approved

• Board approved standalone audited financial results for quarter and year ended 31 March 2026.
• Approved standalone statement of assets and liabilities and cash flow statement for 31 March 2026.
• Auditors issued an unmodified opinion on the standalone audited results.

Financial performance

• Quarter revenue from operations was Rs 857.88 lakh.
• Year revenue from operations was Rs 3,844.16 lakh.
• Quarter profit before tax was Rs 66.11 lakh loss.
• Year profit before tax was Rs 17.89 lakh.
• Year total comprehensive income was Rs 23.81 lakh.
• Basic and diluted EPS for the year were Rs 0.07 and Rs 0.15.

Other disclosures

• Company wrote off bad debts of Rs 79.54 lakh during the fourth quarter.
• Company paid fees to ROC for authorised share capital increases in FY2023-24 and FY2024-25.
• Segment reporting covered fabrics, agriculture items, and industrial plots.

Record Date for Rights Issue

• Record date set as April 1, 2026 for equity shareholders
• Purpose is to determine shareholders entitled to rights issue
• Book closure is not applicable

Rights Issue Approval

• Board approved rights issue of 8,54,64,000 equity shares at Rs. 5 per share
• Rights entitlement ratio set at 6 shares for every 1 share held
• Record date fixed as April 1, 2026 for rights entitlement eligibility
• Issue opening date is April 10, 2026 and closing date is May 8, 2026
• Last date for market renunciation is May 5, 2026
• Rights entitlements to be credited in demat accounts under ISIN IN8004C20010
• Letter of Offer, Rights Entitlement Letter, and Application Form approved for filing
• BSE Limited designated as the stock exchange for the rights issue