Gokak Textiles Ltd — Important, 27-01-2026: Company Update

Gokak Textiles announced an update regarding the sale of its knitwear manufacturing plant in Belagavi, valued at 21.49 Cr as of May 2025. The company agreed to sell the plant for 19.50 Cr to M/s V. G. Parekh & Co., a non-promoter entity. The decision to sell follows declining performance, with the business contributing 5.05 Cr to revenue (5.17%) and a negative 41.15 Cr to net worth (26.02%) in the last financial year. The completion of this strategic divestment, initially set for January, has been postponed by three months due to process delays.