GTN Textiles Limited has officially communicated to BSE Limited that it does not meet the criteria for Large Corporate classification under recent SEBI regulations governing debt securities issuance.

Regulatory Clarification

The company issued a formal communication on April 6, 2026, addressing SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. This circular pertains to fund raising by issuance of debt securities by Large Corporates and establishes specific disclosure requirements for companies falling under this category.

Company Position

GTN Textiles Limited explicitly stated that it does not fall under the definition of Large Corporate as outlined in the SEBI circular. Consequently, the disclosure requirements specified in the regulation are not applicable to the company's operations. This clarification ensures compliance transparency and provides clarity to stakeholders regarding the company's regulatory obligations.

Corporate Information

The communication was signed by E.K. Balakrishnan, Company Secretary of GTN Textiles Limited. The company maintains its registered office at 61/464, 6th Floor, Palal Towers, Ravipuram, MG Road, Cochin 682016, Kerala, with additional marketing operations from the 3rd Floor of the same building complex.

Compliance Framework

The company's proactive communication demonstrates adherence to regulatory transparency requirements. By clarifying its non-applicability status under the SEBI circular, GTN Textiles Limited has provided clear guidance to investors and regulatory authorities regarding its current compliance framework for debt securities-related activities.

GTN Textiles Limited has filed its mandatory regulatory disclosure with BSE Limited, confirming compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 for the financial year ended March 31, 2026. The disclosure was submitted on April 6, 2026, as part of the company's ongoing regulatory obligations.

Regulatory Compliance Declaration

The disclosure was filed under Regulation 31(4) of SEBI SAST Regulations 2011, following SEBI Circular SEBI/HO/CFD/DCR-3/P/CIR/2022/27 dated March 7, 2022. Company Secretary E K Balakrishnan signed the submission letter addressed to the Corporate Relations Department of BSE Limited at PJ Towers, Dalal Street, Mumbai.

Promoter Group Confirmation

Umang Patodia, Promoter, Chairman & Managing Director of GTN Textiles Limited, provided a comprehensive declaration on behalf of the entire promoter group. The declaration confirms that during the financial year ended March 31, 2026, neither he nor any members of the promoters and promoter group created any encumbrances on company shares.

Share Encumbrance Status

The declaration specifically states that no encumbrances were made either directly or indirectly on the shares of the target company during FY26. This includes confirmation that no persons acting in concert with the promoter group were involved in any such transactions. The statement covers both individual promoters and collective promoter group activities.

Company Information

GTN Textiles Limited operates with CIN L18101KL2005PLC018062 and maintains its registered office at 61/464, 6th Floor, Palal Towers, Ravipuram, MG Road, Cochin 682016, Kerala. The company holds ISO 9001:2005 and ISO 14001:2005 certifications and operates additional marketing offices in the same building complex.

This disclosure represents part of the company's regular compliance framework under SEBI regulations, ensuring transparency in promoter shareholding activities and maintaining investor confidence through proper regulatory reporting.