GTN Industries board to consider preferential share issue

GTN Industries has scheduled a board meeting on June 5, 2026, to consider the further issue of equity shares on a preferential basis. The meeting will be held at the corporate office in Hyderabad to transact this specific business under Regulation 29 of SEBI (LODR) Regulations, 2015.

The board of directors will meet on Friday at Plot No.29, Nagarjuna Hills, Punjabgutta, Hyderabad. The agenda includes a proposal for the further issue of equity shares on a preferential basis, which requires shareholder approval and regulatory compliance.

Meeting Details

Detail	Information
Date	June 5, 2026
Location	Corporate Office, Plot No.29, Nagarjuna Hills, Punjabgutta, Hyderabad
Purpose	Further issue of equity shares on preferential basis
Regulation	Regulation 29 of SEBI (LODR) Regulations, 2015

The intimation was submitted to BSE Limited, referencing the company scrip code 500170. The notice was signed by P. Prabhakara Rao, Company Secretary of GTN Industries Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.09%	-0.61%	-2.24%	+12.92%	-5.41%	+89.62%

GTN Industries Limited reported a widened net loss of ₹1,072 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹465 lakh in the previous year, as revenue from operations declined to ₹16,056 lakh. The company's total comprehensive loss for FY26 stood at ₹1,073 lakh, widening from a loss of ₹464 lakh in FY25. The Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 28, 2026.

The statutory auditors, M/s. Lodha & Co LLP, issued an audit report with an unmodified opinion regarding the financial results submitted pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results include an exceptional item of ₹118 lakh recognized during the quarter ended December 31, 2025, relating to a provision for incremental liability due to the Labour Codes notified by the Government of India.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹491 lakh on a total income of ₹3,813 lakh. In comparison, the net loss for the same quarter in the previous year was ₹160 lakh on a total income of ₹4,075 lakh. Earnings per share (EPS) for the year ended March 31, 2026, was reported at a loss of ₹6.11 per share, compared to a loss of ₹2.65 per share in the prior year.

The company's total assets as at March 31, 2026, stood at ₹12,514.86 lakh, a decrease from ₹13,652.70 lakh in the previous year. Total equity declined to ₹7,267.67 lakh from ₹8,340.48 lakh over the same period. The cash and cash equivalents balance increased to ₹377.38 lakh as of March 31, 2026, from ₹255.89 lakh a year earlier.

Metric	FY26 (₹ in lakhs)	FY25 (₹ in lakhs)
Revenue from Operations	16,056	17,250
Total Income	16,235	17,327
Total Expenses	17,521	17,873
Net Profit / (Loss) for the period	(1,072)	(465)
Total Comprehensive Income / (Loss)	(1,073)	(464)
Earnings Per Share (Basic & Diluted)	(6.11)	(2.65)

Board Decisions and Disclosures

The Board meeting, which commenced at 13:00 P.M. and concluded at 15:40 P.M., also considered the submission of details regarding outstanding qualified borrowings and incremental qualified borrowings. The company confirmed that there were no outstanding qualified borrowings at the start or end of the financial year, nor were there any incremental borrowings or issuances of debt securities during the year.

Furthermore, the Board decided to defer the issue of equity shares on a preferential basis to the next meeting. The company stated that it is primarily engaged in the business of textile products, which is recognized as the sole business segment, and therefore segment-wise information has not been disclosed.