Gujarat Cotex Limited has announced a board meeting scheduled for March 24, 2026, to deliberate on key aspects of its proposed rights issue. The meeting, convened under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be held at the company's registered office in Silvassa.

Meeting Agenda and Key Decisions

The board meeting will address several critical matters related to the rights issue:

The meeting will take place at the company's registered office located at Shop No. 3, Shanti Complex, Opp. Patel Petrol Pump, Amli, Silvassa, Dadra & Nagar Haveli, India – 396230.

Regulatory Compliance and Trading Window

In adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015, and subsequent amendments from 2018, Gujarat Cotex Limited has implemented a trading window closure. The restriction became effective from March 16, 2026, and will remain in place until 48 hours after the board meeting concludes.

This measure aligns with the company's Code of Conduct for Prevention of Insider Trading, ensuring compliance with regulatory requirements during the decision-making process for the rights issue.

Corporate Structure and Leadership

The announcement was signed by Mr. Shaileshkumar Jayantkumar Parekh, Managing Director (DIN: 01246270), on March 16, 2026. The company maintains its corporate office at 2007, Shankar Plaza, Nanpura, Timaliyawad, Surat, Gujarat, while operating from its registered office in Silvassa.

The upcoming board meeting represents a significant step in Gujarat Cotex Limited's capital raising initiative through the proposed rights issue, with shareholders awaiting details on the final terms and conditions.

Gujarat cotex Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, revealing a mixed performance with sequential decline but year-over-year improvements in key metrics. The company's board meeting was held on February 9, 2026, to approve these results.

Financial Performance Overview

The company's quarterly performance showed significant variation across different periods. Revenue from operations for Q3FY26 reached ₹762.55 lakhs, marking a substantial decrease from the previous quarter's ₹1,735.95 lakhs. However, when compared to the corresponding quarter in the previous year, the company showed growth from ₹697.03 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Gujarat Cotex demonstrated strong year-over-year growth. Total revenue increased to ₹3,006.27 lakhs from ₹1,930.24 lakhs in the corresponding period of the previous year. Net profit for the nine-month period reached ₹82.60 lakhs, significantly higher than ₹45.96 lakhs achieved in the same period last year.

Segment-wise Revenue Analysis

The company operates across three business segments, showing varied performance during the quarter:

• Fabrics Segment: Generated revenue of ₹462.39 lakhs in Q3FY26, compared to ₹513.31 lakhs in the previous quarter and ₹697.03 lakhs in Q3FY25
• Agriculture Items: Contributed ₹300.16 lakhs in Q3FY26, down from ₹1,222.64 lakhs in Q2FY26. This segment was not operational in the corresponding quarter last year
• Industrial Plots: No revenue recorded in Q3FY26, though the nine-month period shows ₹51.00 lakhs from this segment

Operational Metrics and Costs

The company's cost structure remained focused on trading activities. Purchase of stock in trade constituted the major expense component at ₹758.60 lakhs for Q3FY26. Other significant expenses included employee benefit expenses of ₹2.97 lakhs, finance costs of ₹0.99 lakhs, and other expenditure of ₹16.54 lakhs.

Key Financial Highlights

The company maintained its paid-up equity share capital at ₹712.20 lakhs with a face value of ₹5 per share. Total comprehensive income for the quarter stood at ₹5.48 lakhs, matching the net profit as there were no other comprehensive income items. The results were reviewed by the audit committee and approved by the board of directors, with statutory auditors completing their limited review without any modifications.