Gokaldas Exports has received an approval for raising of funds through further issue of shares or convertible securities of any nature through one or more modes, including but not limited to one or more further public offerings and/or private offerings and/or Preferential allotment basis, including qualified institutions placement, rights issue, issue of American depository receipts or global depository receipts etc. or any combination thereof, subject to such approvals as may be required, up to an amount not exceeding Rs 125 crore. The board of directors at their meeting held on December 29, 2017, has approved for the same.
Gokaldas Exports 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.
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