Gokaldas Exports has received an approval for transfer of building and related assets pertaining to its property at Peenya Industrial Area, Bangalore to its wholly owned subsidiary (WOS) Robot Systems. The board of directors at their meeting held on February 14, 2015 have approved for the same.
The board also approved transfer of land, building and related assets pertaining to its property at Nacharam, Hyderabad to such WOS of the company as may be identified by the board.
Gokaldas Exports, incorporated in 1995, is the largest exporter of garments in India. The company manufactures blazers and pants (formal and casuals), shorts, shirts, blouses, denim wear, swim wear, active and sportswear. The company has received ISO 9001:2000 certification for its quality management.