GTN Textiles Ltd — Board Meeting, 05-08-2025: Board Meeting

GTN Textiles' board has approved the financial results for the quarter ended June 30. The company reported a net profit of Rs 1.68 Cr from discontinued operations, bolstered by Rs 2.48 Cr profit from asset sales and full consideration of Rs 87.14 Cr received for a land parcel. Continuing operations, now focused on cotton yarn trading, recorded a loss of Rs 0.13 Cr. In leadership updates, B.K. Patodia retired as Chairman & Managing Director, becoming Chairman Emeritus, with Umang Patodia appointed as his successor. Additionally, two Independent Directors were reappointed for second five-year terms. The company plans to significantly ramp up its new trading business.