Gujarat Cotex Limited accepted the resignation of Independent Director Mr. Monil Navinchandra Vora effective June 30, 2026, due to his pre-occupation with other business activities. Consequently, he has ceased to be a member of all committees of the Board. The company confirmed that there are no other material reasons for the resignation beyond those stated.

The intimation was submitted to BSE Limited pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. The disclosure detailed the cessation of directorship and the subsequent vacating of committee positions held by Mr. Vora.

Mr. Monil Navinchandra Vora (DIN: 09627136) submitted his resignation letter on June 30, 2026. The Managing Director, Shaileshkumar Jayantkumar Parekh, signed the regulatory filing confirming the acceptance of the resignation.

The following table outlines the key details of the disclosure:

Gujarat Cotex Ltd has commenced construction and interior work at its Salangpur Hotel project, with operations expected to begin by Diwali. The company informed BSE Limited that the project is now underway, marking a significant step in its development timeline. The hotel is anticipated to be operative in time for the upcoming festival season.

The disclosure was submitted to the exchange on June 15, 2026, by Shailesh J Parekh, Managing Director of Gujarat Cotex Ltd. The communication confirmed the initiation of work at the site, signaling progress in the company's expansion into hospitality infrastructure.

Project Details

The Salangpur Hotel project represents a key development for the company. The commencement of construction and interior work indicates that the project has moved past the planning phase into active execution.

The company has not provided specific financial details regarding the project's cost or projected revenue in the filing. The announcement focuses solely on the operational status and timeline for the hotel's opening.