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Gujarat Cotex Ltd (514386)

📊 BSE: 514386 🏢 Other Textile Products 📢 Latest filing: 04 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Gujarat Cotex's revenue was ₹6.4 Cr (+30.9% year on year, -25.5% on the previous quarter), and net profit ₹0.2 Cr (-60.1% year on year); the operating margin was 2.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹6.4	+30.9%	-25.5%
Operating profit	₹0.2	-57.1%	from loss
Net profit	₹0.2	-60.1%	from loss
EPS (₹)	0.02	-50.0%	from loss
Operating margin	2.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Gujarat Cotex submits FY26 Annual Report; AGM scheduled for September 28, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 01:17 PM

Gujarat Cotex Limited has submitted its Annual Report for the financial year ended March 31, 2026, pursuant to Regulation 34 of SEBI LODR. The Annual General Meeting (AGM) is scheduled to be held on Monday, September 28, 2026, at Silvassa. The cut-off date for remote e-voting is set for September 21, 2026, with the voting window open from September 25 to September 27, 2026. Key AGM resolutions include the adoption of FY26 audited accounts, director reappointments, and appointing secretarial auditors for a 5-year term.

Annual General Meeting (AGM) scheduled for September 28, 2026, at 09:30 AM
Remote e-voting window open from 9:00 AM on September 25, 2026, to 5:00 PM on September 27, 2026
Cut-off date for voting eligibility set as September 21, 2026
Register of Members and Share Transfer Books closed from September 22, 2026, to September 28, 2026
Appointment of M/s. K. Dalal & Co. proposed as Secretarial Auditors for 5 years from FY27 to FY31

💡 Eligible shareholders as of September 21, 2026, can cast their votes electronically via CDSL or attend the AGM on September 28, 2026.

Gujarat Cotex Convenes AGM on September 28, 2026; E-Voting Cut-Off Set for Sept 21

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 01:14 PM

Gujarat Cotex Limited has issued a notice convening its Annual General Meeting (AGM) on Monday, September 28, 2026. The agenda includes the adoption of audited financial statements for FY26, the re-appointment of a director retiring by rotation, and the appointment/re-appointment of two Independent Directors for 5-year terms. Remote e-voting is scheduled from September 25 to September 27, 2026, with the cut-off date fixed as September 21, 2026. The company also proposed appointing M/s K. Dalal & Co. as Secretarial Auditors for a 5-year term through FY31.

AGM scheduled to be held on Monday, September 28, 2026, at 09:30 AM in Silvassa
Remote e-voting window open from September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
Cut-off date for e-voting entitlement established as Monday, September 21, 2026
Share transfer books and register of members closed from September 22 to September 28, 2026
Proposals include appointing secretarial auditors M/s. K. Dalal & Co. for a 5-year period (FY27 to FY31)

💡 Eligible shareholders holding shares as of September 21, 2026, can participate in the remote e-voting process on the proposed resolutions prior to the September 28 meeting.

Gujarat Cotex Board to Meet Sep 1, 2026 to Consider Entry into Oils, Infra, and Hospitality

🔵 WATCH ⭐ 4/10

BOARD_MEETING 📅 27 Aug 2026, 08:20 PM

Gujarat Cotex Limited has scheduled a Board of Directors meeting on September 1, 2026, to consider establishing three new business divisions: Prabhat Oils (edible oils), Prabhat Infratech (real estate and infrastructure), and Prabhat Hospitality (hotels and development projects). The board will also evaluate acquiring or leasing an office in Mumbai and consider director and auditor appointments. For a textile company with a net worth of Rs 7 Cr, TTM revenue of Rs 40 Cr, and promoter holding reduced to 1.72%, venturing into multiple capital-intensive sectors represents a drastic strategic pivot.

Board meeting convened for September 1, 2026, to approve major business diversification.
Proposed creation of 3 new divisions: 'Prabhat Oils', 'Prabhat Infratech', and 'Prabhat Hospitality'.
Board to consider owning, leasing, or acquiring an office in Mumbai, Maharashtra.
Appointment of Ms. Parul Rajesh Manubarwala as Additional Independent Director and approval of FY26 AGM notice.

💡 Track the outcome of the September 1, 2026 board meeting for concrete details regarding capital allocation, funding plans, and business model feasibility for the proposed new divisions.

Gujarat Cotex Proposes Diversification into Edible Oils and Infratech Divisions

🔵 WATCH ⭐ 5/10

EXPANSION 📅 17 Aug 2026, 11:24 AM

Gujarat Cotex Limited has announced a proposal to expand and diversify its business operations through two new divisions: 'Prabhat Oils' and 'Prabhat Infratech'. 'Prabhat Oils' will focus on edible and refined oils processing and trading, while 'Prabhat Infratech' plans to pursue real estate and infrastructure projects in Surat and Dholera Smart City. Both proposals are subject to approval by the Board of Directors at an upcoming meeting. The company operates with a TTM revenue of Rs 40 Cr and net worth of Rs 7 Cr, and no capital outlay or financing structure was disclosed in the filing.

Proposed creation of 2 new divisions: 'Prabhat Oils' (edible oils) and 'Prabhat Infratech' (real estate and infra)
Targeted real estate activity includes residential and commercial projects in Surat and Dholera Smart City
Both division proposals are subject to approval at the forthcoming Board of Directors meeting
Capital expenditure, financing plans, and implementation schedules remain not disclosed

💡 Track the outcome of the forthcoming Board meeting for approvals, capital expenditure commitments, funding plans, and operational milestones.

Resignation of Independent Director Monil Navinchandra Vora Effective June 30, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 21 Jul 2026, 05:57 PM

Gujarat Cotex Ltd has accepted the resignation of Mr. Monil Navinchandra Vora from his position as a Non-Executive Independent Director, effective June 30, 2026. The resignation is attributed to his preoccupation with other business activities. This management change follows a significant reduction in promoter holding, which dropped from 11.46% in March 2026 to just 1.72% in June 2026. The company currently operates with a thin TTM revenue of Rs 38 Cr and marginal profitability.

Resignation of Independent Director effective from June 30, 2026
Promoter holding decreased sharply to 1.72% in the June 2026 quarter
Company reported a net loss of Rs 0.72 Cr for the quarter ended March 2026
TTM Operating Profit Margin (OPM) is extremely low at 0.2%

💡 Monitor the company's upcoming filings for the appointment of a replacement director to ensure compliance with SEBI board composition norms and track any further changes in promoter equity.

Gujarat Cotex Ltd Independent Director Resigns Effective June 30, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 21 Jul 2026, 05:55 PM

Gujarat Cotex Ltd has formally accepted the resignation of Mr. Monil Navinchandra Vora from his position as a Non-Executive Independent Director. The resignation was effective from June 30, 2026, although the board meeting to note the change occurred on July 21, 2026. The director cited pre-occupation with other business activities as the reason for his departure. This management change occurs against a backdrop of a significant reduction in promoter holding, which fell from 11.46% in March 2026 to 1.72% in June 2026.

Resignation of Mr. Monil Navinchandra Vora effective from June 30, 2026
Board meeting to accept the resignation held on July 21, 2026
Promoter holding has sharply declined to 1.72% as of June 2026
Company reported TTM revenue of Rs 38 Cr with a thin OPM of 0.2%
Director confirmed no other material reasons for resignation exist

💡 Investors should monitor the company's upcoming filings for the appointment of a new independent director to ensure the board remains compliant with SEBI composition regulations.

Rs 0.16 Cr Net Profit in Q1; Revenue Grows 32% YoY to Rs 6.39 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 21 Jul 2026, 05:50 PM

Gujarat Cotex reported a net profit of Rs 0.16 Cr for Q1 FY27 (ended June 2026), marking a recovery from a loss of Rs 0.72 Cr in the preceding March quarter. Revenue grew 32.5% year-on-year to Rs 6.39 Cr, although it declined 25.5% sequentially from Rs 8.58 Cr. The entire revenue for the quarter was derived from the Fabrics segment, with other segments like Agriculture and Industrial Plots showing no activity. Additionally, an Independent Director resigned effective June 30, 2026, citing other business commitments.

Revenue increased 32.5% YoY to Rs 6.39 Cr from Rs 4.82 Cr in June 2025.
Net Profit turned positive at Rs 0.16 Cr compared to a loss of Rs 0.72 Cr in the previous quarter.
Fabrics segment contributed 100% of the total revenue (Rs 6.39 Cr) during the quarter.
Promoter holding has seen a sharp decline to 1.72% as of June 2026 from 11.46% in March 2026.
Independent Director Monil Navinchandra Vora resigned effective June 30, 2026.

💡 Investors should monitor the company's ability to sustain profitability given its thin historical margins and investigate the reasons behind the significant reduction in promoter holding to just 1.72%.

Gujarat Cotex Q1 Results: Net Profit at ₹0.16 Cr; Independent Director Resigns

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 21 Jul 2026, 05:45 PM

Gujarat Cotex reported a standalone net profit of ₹0.16 Cr for the quarter ended June 30, 2026, showing a recovery from the ₹0.72 Cr loss reported in the preceding March quarter. Revenue from operations stood at ₹6.39 Cr, which is a 32% increase year-on-year from ₹4.82 Cr, but a 25% decline sequentially from ₹8.58 Cr. The entire revenue for the quarter was generated from the Fabrics segment, with Agriculture and Industrial Plot segments contributing zero. Additionally, Independent Director Monil Navinchandra Vora resigned effective June 30, 2026, citing pre-occupation.

Net Profit of ₹0.16 Cr in Q1 FY27 compared to ₹0.10 Cr in the same quarter last year.
Revenue from operations reached ₹6.39 Cr, driven 100% by the Fabrics trading segment.
Total expenditure for the quarter was ₹6.22 Cr, representing 97.3% of total revenue.
Promoter holding remains at a critically low level of 1.72% as of June 2026, down from 11.46% in March 2026.
Agriculture and Industrial Plot segments reported ₹0 revenue vs ₹7.52 Cr and ₹0.51 Cr respectively in FY26.

💡 Investors should monitor the company's ability to diversify revenue beyond the fabrics segment and watch for any further dilution or changes in the minimal promoter stake.

Board Meeting Scheduled for July 21 to Approve Q1 Results and Note Director Resignation

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 14 Jul 2026, 06:02 PM

Gujarat Cotex Ltd has scheduled a board meeting for July 21, 2026, to review and approve the un-audited financial results for the first quarter ended June 30, 2026. The meeting will also formally record the resignation of Mr. Monil Navinchandra Vora from his role as an Independent Director. This is a routine administrative filing required by SEBI regulations following the end of a financial quarter. Investors should monitor the upcoming results for insights into the company's current fiscal performance.

Board meeting date set for July 21, 2026
Review of un-audited financial results for the quarter ended June 30, 2026
Formal noting of the resignation of 1 Independent Director, Mr. Monil Navinchandra Vora

💡 Monitor the company's financial performance and margins when the Q1 results are released on July 21, 2026.

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