GTN Textiles Limited has announced that its Board of Directors will convene on February 7, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will also cover the nine months period ended December 31, 2025.

Regulatory Compliance and Meeting Details

The board meeting has been scheduled in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. This regulation mandates listed companies to provide advance notice of board meetings where financial results will be considered.

Official Communication

The company issued an official notice to BSE Limited on January 14, 2026, informing the exchange about the upcoming board meeting. The communication was signed by E K Balakrishnan, who serves as the Company Secretary of GTN Textiles Limited. The notice carried the reference number GTNC/2025-26 and was digitally signed to ensure authenticity.

Company Information

GTN Textiles Limited operates with the Corporate Identification Number (CIN) L18101KL2005PLC018062. The company maintains its registered office at 61/464, 6th Floor, Palai Towers, Ravipuram, MG Road, Cochin 682016, Kerala, India. The marketing office is located on the 3rd Floor of the same building complex.

The announcement represents a routine corporate governance practice where listed companies provide stakeholders with advance notice of significant board meetings. Investors and market participants will await the actual financial results following the board meeting scheduled for February 7, 2026.

GTN Textiles Limited , a company transitioning from yarn manufacturing to cotton yarn trading, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company reported a net loss after tax of Rs 13.00 lakhs from continuing operations for the quarter, indicating ongoing challenges in its new business model.

Financial Performance

The company's financial results for Q2 FY26 paint a picture of a business in transition:

GTN Textiles' revenue from operations in Q2 FY26 stood at Rs 207.00 lakhs, showing an increase from Rs 129.00 lakhs in the previous quarter. However, total expenses also rose to Rs 246.00 lakhs, resulting in a loss before tax of Rs 39.00 lakhs for the quarter.

Business Transition

GTN Textiles has undergone a significant transformation in its business model. The company has:

1. Transitioned to trading in cotton yarn after repaying bank dues and major liabilities from asset sale proceeds.
2. Received full consideration of Rs 87.14 crores from the sale of 25.76 acres of landed property under a revised agreement with a corporate buyer.
3. Pending sale deed registration for 0.68 acres (book value Rs 2.05 crores) of land.

Future Outlook

The management has expressed its intention to continue and expand its cotton yarn trading operations. This strategic shift aims to improve the company's prospects in the coming months. The financial results have been prepared on a going concern basis, reflecting the management's confidence in the new business model.

Corporate Actions

The Board of Directors approved these unaudited financial results at their meeting held on November 7, 2025. The results were also reviewed by the company's statutory auditors, L.U. Krishnan & Co., Chartered Accountants.

Investor Considerations

While GTN Textiles is navigating through a significant business transition, investors should consider the following:

1. The company's ability to grow its cotton yarn trading business.
2. The impact of the asset sale on the company's balance sheet and future operations.
3. The timeline for achieving profitability in the new business model.

As GTN Textiles adapts to its new focus on cotton yarn trading, stakeholders will be closely watching how effectively the company manages this transition and returns to profitability in the coming quarters.