Gokak Textiles has received an approval for issuing Non-cumulative, Non-convertible, Non-Participating, Redeemable Preference Shares of Rs 10 each aggregating to Rs 35 crore in one or more tranches on Private Placement basis to the Shapoorji Pallonji and Company, Promoter and / or any other Promoter Group company. The board of directors at its meeting held on August 29, 2017 has approved 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.
