Gangotri Textiles Limited — Others, 25-07-2025: Shareholders meeting

Gangotri Textiles' 36th Annual General Meeting highlighted the company's severe financial crisis. It reported zero turnover and has filed for a Corporate Insolvency Resolution Process, confirming it is no longer a 'going concern.' Lenders have sold all company assets, but substantial debt remains. Trading of equity shares is suspended due to unpaid listing fees. The company also faced an adverse Supreme Court ruling regarding an income tax penalty of Rs. 7.30 Cr. Shareholders approved the annual financial results and appointed a new Statutory Auditor, reflecting the significant challenges and uncertainties for investors.