GTN Textiles has received approval from board to issue 5,10,000 Non-Cumulative, Non-Convertible, Non-Participating Redeemable Preference Shares (NCRPS) of Rs 100 each aggregating Rs 5.10 crore on Preferential/Private placement basis to Seajuli Developers and Finance. The Board has also approved a proposal to increase the Share Capital to issue Redeemable Preference Shares, by altering the Memorandum of Association of the Company.
GTN Textiles produces high quality 100% combed cotton yarns single, twisted and gassed.