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GTN Textiles has announced a board meeting to consider the financial results for the quarter and half-year ended March 31, 2025. The company reported a consolidated total comprehensive loss of Rs 7.43 Cr for the year, with continuing operations showing a marginal loss and discontinued operations (cotton yarn manufacturing, already ceased) facing significant losses. The company sold 25.72 acres of land at Aluva with net proceeds of Rs 80.30 Cr, utilizing Rs 76.30 Cr primarily to clear bankers’ dues and unsecured loans, resulting in a debt-free status. Post-land sale, GTN plans to outsource cotton yarn manufacturing/trading or explore other permitted business activities. Despite net worth erosion, management aims to revive prospects leveraging surplus funds and industry improvements including export incentives and digital trade facilitation. The statutory auditors issued unmodified opinions on standalone and consolidated results, highlighting material uncertainty about the company’s going concern status due to net worth erosion but noting management’s plans supported by asset sales and surplus funds.