Tillkännagivande • Aug 29
GTN Textiles Limited, Annual General Meeting, Sep 29, 2025 GTN Textiles Limited, Annual General Meeting, Sep 29, 2025, at 11:30 Indian Standard Time. Tillkännagivande • Jul 25
GTN Textiles Limited to Report Q1, 2026 Results on Aug 05, 2025 GTN Textiles Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Tillkännagivande • Aug 14
GTN Textiles Limited, Annual General Meeting, Sep 12, 2024 GTN Textiles Limited, Annual General Meeting, Sep 12, 2024, at 11:30 Indian Standard Time. Tillkännagivande • Aug 16
GTN Textiles Limited, Annual General Meeting, Sep 29, 2023 GTN Textiles Limited, Annual General Meeting, Sep 29, 2023, at 12:15 Indian Standard Time. Tillkännagivande • Jul 06
GTN Textiles Limited Announces Notification of the Default Payments GTN Textiles Limited announced details of the defaults made by the company on payment of interest/repayment of principal amount on loans from banks/financial institutions. Name of the lender(s): Central Bank of India; State Bank Of India. Date of Default: June 30, 2023. Current Default amount: Principal INR 50.2 million (GECL); Interest INR 10.4 million (GECL). Working Capital overdrawn INR 143.4 million. Working Capital Interest outstanding INR 136.6 million. Total amount of outstanding borrowings from Banks /financial institutions: INR 340.6 million. Total financial indebtedness of the listed entity including short-term and long-term debt: INR 340.6 million. Tillkännagivande • May 30
GTN Textiles Limited Announces Chief Financial Officer Changes The board of directors of GTN Textiles Limited at its meeting held on May 29, 2023, Shri Arun S Mohan, Chief Financial Officer has resigned from the services of the company with effect from 31 May 2023 and Shri M Achuthan has been appointed as Chief Financial Officer (CFO) in his place from 1 June 2023. Tillkännagivande • Jan 07
GTN Textiles Limited Announces Notification of the Default Payments Pursuant to the SEBI Circular SEBVHO/CFD/CMDl /CIR/P /2019/140 dated November 21, 2019 and in compliance with SEBI Listing Regulation, GTN Textiles Limited announced the details of the defaults made by the company on payment of interest/repayment of principal amount on loans from banks I financial institutions. Name of the lenders: Central Bank of India, State Bank of India. Date of Default: December 31, 2022. Current Default amount: Principal INR 50.2 million (GECL);Interest INR 7.7 million (GECL); Working Capital overdrawn INR 158.1 million. Working Capital Interest outstanding INR 98.8 million. Total amount of outstanding borrowings from Banks I financial institutions: INR 314.8 million. Total financial indebtedness of the listed entity including short-term and long-term debt: INR 314.8 million. Reported Earnings • Nov 17
Second quarter 2023 earnings released Second quarter 2023 results: Net income: ₹0 (up ₹33.7m from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors Additional Non-Executive Non-Independent Director Umang Patodia was the last director to join the board, commencing their role in 2020. Reported Earnings • Aug 14
First quarter 2023 earnings released: ₹3.46 loss per share (vs ₹3.36 loss in 1Q 2022) First quarter 2023 results: ₹3.46 loss per share (down from ₹3.36 loss in 1Q 2022). Revenue: ₹100.1m (down 37% from 1Q 2022). Net loss: ₹40.3m (loss widened 3.1% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Tillkännagivande • Aug 13
GTN Textiles Limited, Annual General Meeting, Sep 30, 2022 GTN Textiles Limited, Annual General Meeting, Sep 30, 2022, at 12:15 Indian Standard Time. Agenda: To consider the re-appointment of M/s. L.U.Krishnan & Co. Chartered Accountants, Chennai as the Statutory Auditors of the Company. Tillkännagivande • Jul 28
GTN Textiles Limited to Report Q1, 2023 Results on Aug 12, 2022 GTN Textiles Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Aug 12, 2022 Reported Earnings • Jun 04
Full year 2022 earnings released: ₹12.07 loss per share (vs ₹30.93 loss in FY 2021) Full year 2022 results: ₹12.07 loss per share (up from ₹30.93 loss in FY 2021). Revenue: ₹836.1m (up 81% from FY 2021). Net loss: ₹140.5m (loss narrowed 61% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Non-Independent Director Umang Patodia was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹3.29 loss per share (up from ₹4.35 loss in 3Q 2021). Revenue: ₹270.3m (up 147% from 3Q 2021). Net loss: ₹38.3m (loss narrowed 24% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹3.36 loss per share (vs ₹4.63 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹159.9m (up 30% from 1Q 2021). Net loss: ₹39.1m (loss narrowed 28% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 04
Full year 2021 earnings released: ₹30.93 loss per share (vs ₹8.67 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹465.1m (down 65% from FY 2020). Net loss: ₹360.0m (loss widened 257% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 26
New 90-day low: ₹5.19 The company is down 6.0% from its price of ₹5.55 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 14% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: ₹4.35 loss per share (vs ₹3.55 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: ₹110.1m (down 61% from 3Q 2020). Net loss: ₹50.6m (loss widened 23% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 35% per year. Is New 90 Day High Low • Dec 31
New 90-day high: ₹6.90 The company is up 38% from its price of ₹5.00 on 01 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 24% over the same period. Tillkännagivande • Sep 26
GTN Textiles Limited announced that it expects to receive INR 51 million in funding from Seajuli Developers & Finance Limited GTN Textiles Limited (BSE:532744) private placement of 510,000 non-cumulative, non-convertible, non-participating redeemable preference shares at a price of INR 100 per share for gross proceeds of INR 51,000,000 to Seajuli Developers & Finance Limited on September 15, 2020. The transaction was approved by the board of directors of the company and is subject to approval of shareholders at its upcoming annual general meeting. Tillkännagivande • Sep 24
GTN Textiles Limited announced a financing transaction GTN Textiles Limited (BSE:532744) announced a private placement of unsecured compulsorily convertible debentures on March 14, 2020. The transaction was approved by the board of directors of the company. The transaction is subject to approval of shareholders of the company through postal ballot. Tillkännagivande • Sep 22
GTN Textiles Limited Appoints C K Gopalakrishnan Nair as an Additional Director, Effective from September 21, 2020 GTN Textiles Limited announced the Appointment of Shri.C K Gopalakrishnan Nair as an Additional Director in the category of Non Executive Independent Director effective from September 21, 2020 Board of Directors meeting. Tillkännagivande • Sep 12
GTN Textiles Limited to Report Q1, 2021 Results on Sep 15, 2020 GTN Textiles Limited announced that they will report Q1, 2021 results on Sep 15, 2020 Tillkännagivande • Aug 16
GTN Textiles Limited Suspends the Operations in the Factory Temporarily GTN Textiles Limited announced to the directions from the District Collector, Ernakulam, company's factory situate at Keezhmad, Aluva, Ernakulam was under containment zone/curfew effective from 10th July 2020 to 12th August 2020 due to Covid 19 pandemic. On account of the continued closure due to pandemic the business conditions have become adverse and therefore the management is compelled to suspend the operations in the factory temporarily. The same will be reviewed continuously and the company will keep informed about the same. Tillkännagivande • Jul 26
GTN Textiles Limited to Report Fiscal Year 2020 Results on Jul 31, 2020 GTN Textiles Limited announced that they will report fiscal year 2020 results on Jul 31, 2020 