Gokak Textiles is planning to raise up to Rs 35 crore though issuance of Non-convertible Redeemable Preference Shares on private placement basis to the Promoters/Promoter Group. The board of directors at their meeting on August 29, 2017 will consider for the same.
Gokak Textiles’ principal activity is to manufacture and distribute textile products. The company's product range includes yarn, blended Yarn, Cotton canvas, fabric, terry towel, knitted garments and other related products.