Gujarat Cotex Board of Directors met on September 1, 2026, approving the establishment of three new business divisions and fixing the Annual General Meeting (AGM) for September 28, 2026.

The company confirmed it is in the process of identifying a location for its Mumbai office to support expanded operations. The board also finalized the book closure period and e-voting timeline for the upcoming AGM.

Strategic Expansion

The board formally approved the proposal to establish three distinct business units:

• Prabhat Oils: Focused on edible oil activities.
• Prabhat Infratech: Handling existing and future real estate activities.
• Prabhat Hospitality: Managing existing and future hotel and related projects.

This move diversifies the company’s operations beyond its traditional core into infrastructure and hospitality sectors.

Governance and Appointments

The board approved several key governance matters for the fiscal year ended March 31, 2026:

Ms. Parul Rajesh Manubarwala brings approximately 25 years of experience in finance and taxation. Her appointment as an additional director is effective immediately, with regularization subject to member approval at the AGM.

Ms. Vidya Pramod Patil, who has around 25 years of experience in business strategy, is being reappointed for another five-year term as her current term expires at the ensuing AGM.

Secretarial Auditor Profile

Based on the recommendation of the Audit Committee, the board appointed M/s. K. Dalal & Co., Practicing Company Secretaries, as secretarial auditor with effect from Monday, September 28, 2026, for a period of five consecutive years from 2026-27 to 2030-31. This appointment is subject to shareholder approval at the ensuing AGM.

Mr. Kunjal Dalal, Proprietor of M/s. K. Dalal & Co., Surat, serves as the existing Secretarial Auditor. He holds FCS No. 3530, CP No. 3863, and Peer Review Certificate no. 8134/2026. Mr. Dalal possesses more than three decades of experience in Company Law, LLP Act, Securities Laws, Legal Due Diligence, Mergers and Acquisitions, Listings, and Capital Market Regulations.

AGM Details

The Annual General Meeting is scheduled for Monday, September 28, 2026, at 9:30 am. The venue is Hotel Soubhagya Inn, Plot No. 116/3/1, Silvassa – Vapi Main Road, Amla, Silvassa 396230.

Mr. Kunjal Dalal was appointed as the scrutinizer for the voting process at the AGM.

Gujarat Cotex Limited disclosed on August 17, 2026, that it proposes to expand its business portfolio through the establishment of two new divisions: Prabhat Oils and Prabhat Infratech. The move aims to diversify revenue streams and leverage the promoter group’s experience and brand recognition.

The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the Bombay Stock Exchange regarding the strategic shift.

Proposed Business Divisions

The proposed initiatives represent a significant departure from the company’s existing operations, targeting high-growth sectors in consumer goods and infrastructure.

Prabhat Oils

The Prabhat Oils division will focus on the edible and refined oils sector. Planned activities include:

• Trading and processing of edible oils
• Refining operations
• Job work and allied activities

The division intends to capitalize on the goodwill associated with the Prabhat brand to build a scalable presence in the segment.

Prabhat Infratech

The Prabhat Infratech division will explore opportunities in real estate and infrastructure. Key focus areas include:

• Residential, commercial, and apartment development projects
• Initial concentration in and around Surat
• Evaluation of opportunities in emerging destinations such as Dholera Smart City

The company stated it will assess projects based on commercial viability, strategic suitability, and long-term value creation potential.

Strategic Rationale

Management indicated that the expansion is designed to broaden the business portfolio and create additional long-term growth avenues. The dual-entry strategy allows the company to mitigate sector-specific risks by operating in both fast-moving consumer goods and capital-intensive infrastructure.

Next Steps

The proposals for both divisions will be placed before the Board of Directors for consideration and approval at its forthcoming meeting. Subject to board approval and completion of statutory requirements, the company plans to commence activities in a phased manner. Further disclosures will be made upon material developments.