Gokak textiles Limited has filed its quarterly compliance certificate with BSE Limited, fulfilling mandatory regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, made on April 8, 2026, covers the quarter ended March 31, 2026.

Regulatory Compliance Filing

Company Secretary and Compliance Officer Rakesh M. Nanwani submitted the confirmation certificate to BSE Limited's Listing Department. The filing pertains to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly reporting on dematerialisation processes.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's registrar and transfer agent, issued the confirmation certificate on April 6, 2026. The certificate was signed by Deepak Tambe, Assistant Vice President at MUFG Intime India.

The registrar confirmed that securities received from depository participants for dematerialisation during the quarter ended March 31, 2026 were properly processed and confirmed to the depositories. All security certificates received for dematerialisation were appropriately handled according to prescribed timelines.

Compliance Verification

The certificate verifies several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected to depositories within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed

Company Information

Gokak Textiles Limited operates from its registered office in Bengaluru, Karnataka. The company maintains its corporate identification number as L17116KA2006PLC038839 and GSTIN as 29AACCG8244P1ZX. MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, continues to serve as the company's registrar and transfer agent from its Mumbai office.

Gokak Textiles announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, revealing persistent operational and financial challenges. The Board of Directors approved these results at their meeting held on February 12, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results with reduced losses but declining revenue. The textile and power company reported a net loss of Rs 607.30 lakhs for the quarter ended December 31, 2025, compared to Rs 939.91 lakhs loss in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Gokak Textiles' financial position deteriorated further. The company reported a net loss of Rs 3,210.84 lakhs compared to Rs 2,335.32 lakhs in the corresponding period of the previous year, representing a 37.49% increase in losses.

Segment-wise Performance

Gokak Textiles operates through two primary segments: textiles and power generation. The segment-wise analysis for Q3FY26 reveals varying performance across business lines.

Textile Segment:

• Revenue: Rs 938.01 lakhs (Q3FY26) vs Rs 1,504.59 lakhs (Q3FY25)
• Segment Loss: Rs 636.69 lakhs (Q3FY26) vs Rs 648.61 lakhs (Q3FY25)

Power Segment:

• Revenue: Rs 1,058.87 lakhs (Q3FY26) vs Rs 965.97 lakhs (Q3FY25)
• Segment Result: Rs 29.39 lakhs profit (Q3FY26) vs Rs 291.30 lakhs loss (Q3FY25)

Exceptional Items and Insurance Claims

During Q3FY26, the company recorded exceptional income of Rs 270.54 lakhs from insurance claim settlements. This relates to partial settlements received from insurers for fire and lightning damage incidents at the company's solar power plant. The company has filed comprehensive insurance claims for damages and business losses, which remain under process with insurers.

Going Concern and Financial Support

The company faces significant financial challenges with current liabilities exceeding current assets by Rs 5,034.65 lakhs as at December 31, 2025. Accumulated losses have reached Rs 26,080.85 lakhs, and the company's net worth has been fully eroded. The continuity of operations depends on continued support from Shapoorji Pallonji And Company Private Limited (SPCPL), which has provided additional financial support of Rs 1,135.00 lakhs during the nine-month period through perpetual loans.

Operational Challenges

The company's solar power plant experienced multiple operational disruptions during the period, including transformer failures due to lightning strikes and grid supply issues. These incidents impacted power generation capacity, though repairs have been completed and full 40MW capacity has been restored. The textile division continues to face business slowdown and working capital constraints, with payments to creditors and employees running in arrears.