Gujarat Cotex Limited has announced that its Board of Directors approved the Draft Letter of Offer for a proposed rights issue of equity shares during a meeting held on December 19, 2025.

Board Meeting Details

The board meeting took 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. The meeting was conducted under the leadership of Managing Director Mr. Shaileshkumar Jayantkumar Parekh (DIN: 01246270).

Key Decision

The primary agenda item addressed during the meeting was the consideration and approval of the Draft Letter of Offer for the proposed rights issue of equity shares. This approval marks an important step in the company's capital raising process, as the Draft Letter of Offer is a crucial document that outlines the terms and conditions of the rights issue for existing shareholders.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Gujarat Cotex Limited is listed on the BSE.

Corporate Structure

Gujarat Cotex Limited operates from multiple locations, with its corporate office situated at 2007, Shankar Plaza, Nanpura, Timaliyawad, Surat-395001, Gujarat. The company's CIN is L46695DN1996PLC000116, indicating its incorporation in 1996 as a public limited company in the Dadra and Nagar Haveli region.

Gujarat Cotex Limited held its Annual General Meeting (AGM) on September 30, 2025, where shareholders approved several key resolutions, including the re-appointment of Mr. Chetankumar Shaileshkumar Parekh as Managing Director for a five-year term.

Key Highlights

• Re-appointment of Managing Director: Shareholders approved the re-appointment of Mr. Chetankumar Shaileshkumar Parekh as Managing Director for a five-year term, effective from December 3, 2025.
• Family Ties in Management: Mr. Chetankumar Parekh is the son of Shaileshkumar Jayantkumar Parekh, who is also a Managing Director of the company.
• Other Resolutions: The AGM also saw the approval of the company's audited financial statements for the year ended March 31, 2025, and the re-appointment of Ms. Priyavanda Sudhir Parekh as a director.

Details of the Annual General Meeting

The AGM was held at Hotel Soubhagya Inn, Silvassa, and commenced at 9:30 AM, concluding at 11:30 PM. The meeting addressed three main agenda items:

1. Adoption of audited financial statements for the year ended March 31, 2025.
2. Re-appointment of Ms. Priyavanda Sudhir Parekh as a director.
3. Re-appointment of Mr. Chetankumar Shaileshkumar Parekh as Managing Director.

Managing Director's Re-appointment

Mr. Chetankumar Shaileshkumar Parekh's re-appointment as Managing Director was approved for a five-year term starting December 3, 2025. The resolution allows for his remuneration to be set within the limits outlined in Schedule V of the Companies Act, 2013.

Voting Process

The company provided both e-voting and ballot paper facilities for shareholders to cast their votes on the proposed resolutions. Mr. Kunjal Dalal, a Practicing Company Secretary, was appointed as the scrutinizer for overseeing the voting process.

Corporate Governance

In line with regulatory requirements, Gujarat Cotex Limited also announced the closure of the trading window for designated persons and their immediate relatives. The trading window will remain closed from October 1, 2025, until 48 hours after the declaration of financial results for the period ended September 30, 2025.

Gujarat Cotex Limited, with its registered office in Dadra & Nagar Haveli, continues to maintain transparency in its corporate actions and compliance with regulatory norms.