GHCL Textiles Limited — Board Meeting, 03-02-2025: Outcome of Board Meeting

The Board of Directors has approved the reviewed financial results for the quarter and half-year ended December 31, 2024, reporting a total income of ₹287.61 Cr and a profit of ₹9.37 Cr for the quarter. Notably, the board has authorized the closure of the outdated Kaveri section at the Manaparai Unit due to high maintenance costs, with plans to use proceeds from asset sales to modernize other sections. Additionally, a capital budget of approximately ₹38 Cr has been allocated for a new knitting project, and the committees of the board will be reconstituted effective March 06, 2025.