GTN Textiles Limited has submitted comprehensive regulatory disclosures under SEBI (Prohibition of Insider Trading) Regulations 2015 following the completion of an off-market inter se transfer of equity shares between its promoters. The company filed the disclosure on March 27, 2026, with BSE Limited regarding the transfer of 13,11,771 equity shares executed on March 25, 2026.

Transaction Details and Regulatory Framework

The share transfer involved the gift of 13,11,771 equity shares of Rs. 10 each from Shri Ankur Patodia to his wife Smt Swati Patodia. Both promoters submitted their individual disclosures to the company on March 26, 2026, in compliance with Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015.

Shareholding Pattern Changes

The completed transaction resulted in a complete transfer of Shri Ankur Patodia's shareholding to Smt Swati Patodia, significantly altering individual promoter holdings while maintaining the overall promoter group structure.

SEBI Compliance Documentation

The company submitted Form C disclosures from both promoters under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015. Company Secretary E.K. Balakrishnan confirmed that the transaction qualifies as an off-market inter se transfer among promoters by way of gift, with no monetary consideration involved. The disclosure also covered compliance with earlier SEBI (SAST) Regulations 2011 requirements.

Company Profile

GTN Textiles Limited operates from its registered office at 61/464, 6th Floor, Palal Towers, Ravipuram, MG Road, Cochin 682016, Kerala. The company holds ISO 9001:2005 and 14001:2005 certifications and has an equity share capital comprising 1,16,40,478 equity shares of Rs. 10 each with CIN: L18101KL2005PLC018062.

GTN Textiles Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing the company's transition to cotton yarn trading operations. The Board of Directors approved these results at their meeting held on February 7, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 reflects its new business model focused on cotton yarn trading:

Business Transformation and Trading Operations

GTN Textiles has successfully transitioned from manufacturing to trading in cotton yarn following the discontinuation of its cotton yarn manufacturing operations. The company has leveraged its existing client relationships to establish this new business model. Post discontinuation of manufacturing, the company sold its assets and utilized the proceeds to repay bank dues and other major liabilities.

Expense Structure and Operations

The company's expense breakdown for Q3FY26 demonstrates its trading-focused operations:

The company recorded a positive change in inventories of ₹21 lacs during Q3FY26, indicating inventory build-up to support trading operations.

Asset Disposal and Land Sale

As part of its restructuring, GTN Textiles has been disposing of its landed property. The company entered into a revised MOU with a corporate buyer for the sale of 25.76 acres of landed property. Of this, 25.08 acres have been sold and consideration received. The remaining 0.68 acres with a book value of ₹2.05 crores is pending sale registration, which will be accounted for upon receipt of sale consideration and execution of the sale agreement.

Going Concern and Future Outlook

Despite reporting losses, the company has prepared its financial results on a going concern basis, citing improved demand conditions in the Indian textiles industry. The management expressed confidence in stepping up operations in the coming months to enhance the company's prospects. The company operates in a single segment - the yarn segment - and has no separate reportable segments as per Ind AS 108.

Corporate Governance and Compliance

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The company's statutory auditors, L.U. Krishnan & Co., Chartered Accountants, Chennai, conducted a limited review of these results pursuant to Regulation 33 of SEBI (LODR) 2015. The company maintains its paid-up equity share capital at ₹1164 lacs with a face value of ₹10 per share.