ALFA Finder
13:46 IST
BSE
Merger & Restructuring
Gokak Textiles Merger & Restructuring
Gokak Textiles confirms closure of its Knitwear Division effective October 2026. Assets will be sold to V.G. Parekh & Co. as per prior agreement.
Gokak Textiles Ltd
- Share price
- ₹56.02
- Market cap
- ₹36.41 Cr
- Revenue (annual)
- ₹80.21 Cr
- Net profit (annual)
- ₹-36.69 Cr
- P/E (TTM)
- -1.2×Sector 48.2×
- Promoter holding
- 73.56%+0.00% QoQ
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Announcement type
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Other Announcement 4Merger & Restructuring 3Financial Results 3Board Meeting Date 2Annual General Meeting 2Debt & Borrowing 1Business Update 1
Time
3 announcements with these filters
18:19 IST
BSE
Merger & Restructuring
Gokak Textiles Merger & Restructuring Worth ₹19.5 Cr
Gokak Textiles will close and sell its knitwear unit in Belagavi for Rs. 19.50 Crores. The decision addresses operational unviability in the textile business.
- Value
- ₹19.50 Cr
14:38 IST
BSE
Merger & Restructuring
Gokak Textiles Merger & Restructuring Worth ₹19.5 Cr
Gokak Textiles Limited is selling its knitwear manufacturing plant in Karnataka to M/s V. G. Parekh & Co. for ₹19.50 Crore. The transaction, originally set for January 2026, is now delayed by three months due to process delays. The unit contributed 5.17% to the company's FY 2024-2025 turnover.
- Value
- ₹19.50 Cr
- Execution
- January 2026