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Every Gokak Textiles merger & restructuring announcement on NSE and BSE, newest first, each with its own page.
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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 will close and sell its knitwear unit in Belagavi for Rs. 19.50 Crores. The decision addresses operational unviability in the textile business.
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.