Goldman Sachs Asset Management International has reduced its shareholding in Gokaldas Exports Limited to 5.058% following the sale of 580,075 equity shares on 29 May 2026. The shares were sold on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited through open market transactions. This disclosure was made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the sale, the entity along with Persons Acting in Concert (PAC) held 4,285,283 equity shares, representing 7.065% of the company's share capital. The recent transaction reduced the total holding to 3,705,208 shares. The seller, Goldman Sachs Asset Management International, sold 498,311 shares, while the PAC, Goldman Sachs Asset Management, L.P., sold 1,416 shares.

The breakdown of shareholding indicates that Goldman Sachs Asset Management International now holds 3,121,712 shares, or 4.262% of the capital, while the PAC retains 583,496 shares, accounting for 0.796%. The total voting capital of Gokaldas Exports Limited before the sale was 60,651,494 equity shares of ₹5 each, which increased to 73,247,228 equity shares of ₹5 each after the sale.

Shareholding Details

The filing confirms that the seller does not belong to the promoter or promoter group of the target company. The disclosure was submitted by Rahail Patel, Executive Director of Goldman Sachs Asset Management International, on 02 June 2026.

Gokaldas Exports Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board of directors approved the results during a meeting held on May 22, 2026. The company's statutory auditors, M/s. MSKA & Associates LLP, issued an unmodified opinion on the financial statements. Subsequently, the company released its investor presentation for Q4 and FY26 on May 25, 2026, which is available on its website. Additionally, the audio recording of the Q4 FY26 results conference call held on May 25, 2026 has been made available on the company's website.

Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of Rs 100 crore, a decrease of 37% from Rs 159 crore in the previous year. Total Income for the year stood at Rs 4,065 crore, growing 4% YoY from Rs 3,917 crore. EBITDA during the year stood at Rs 434 crore with a margin at 10.7%, which was down by 15 bps YoY due to US tariff headwinds.

For the quarter ended March 31, 2026, Total Income was Rs 1,087 crore, a 5% YoY growth. The company reported an EBITDA of Rs 135 crore with a margin at 12.4% in Q4FY26. Net profit for the quarter was Rs 36 crore.

The following table summarises the key consolidated financial metrics for the quarter and full year:

On a standalone basis, the company reported a net profit of Rs 203.93 crore for FY26, up from Rs 191.32 crore in the previous year. Revenue from operations for the standalone entity was Rs 2,693.05 crore for the year.

Operational Updates

The company recognised a one-time increase in provision for employee benefits amounting to Rs 3.14 crore in the consolidated results and Rs 3.04 crore in the standalone results for the year ended March 31, 2026. This provision was made in accordance with the New Labour Codes introduced by the Government of India. The board also approved the scheme of amalgamation of BRFL Textiles Private Limited with the company, which is subject to requisite approvals.

Corporate Actions

During the board meeting, the directors approved enhancing the corporate guarantee limit from Rs 300 crore to Rs 400 crore in favour of BRFL Textiles Private Limited. This guarantee is provided to facilitate banking facilities for the subsidiary. The company holds a 19% equity interest in BRFL Textiles Private Limited as of March 31, 2026.