Gujarat Cotex Ltd — Important, 14-08-2026: Company Update

Gujarat Cotex Limited's monitoring agency report for the recent quarter confirmed that funds from its Right Issue have been utilized as disclosed, with no deviations. The company successfully raised Rs 40.34 Cr, against a target of Rs 42.73 Cr. Funds were primarily deployed towards hotel construction, acquiring a new registered office, fulfilling working capital requirements, and general corporate needs. Any unutilized amounts are prudently invested in fixed deposits, providing stakeholders with clarity on capital deployment.