Gokak Textiles is planning to issue up to Rs 35 crore, Non-convertible Redeemable Preference Shares on private placement basis to the Promoters/Promoter Group. The meeting of the Board of Directors of the company will be held on February 7, 2018, to approve 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.