GCGujarat Cotex514386Board meeting scheduled

Board meeting on 05 November 2026 to consider Q2 results and rights issue fund utilisation

Gujarat Cotex's Board is scheduled to meet on Thursday, 05 November 2026 at the company's office.

By ScoutQuest · Thu 29 Oct 2026, 6:30 PM IST · 2 min read

Board Meeting Date

Thursday, 05 November 2026

Results Period

quarter and six months ended 30 September 2026

Rights Issue Status

under subscription of the Right issue

What the company has informed the exchange

• Gujarat Cotex Ltd has intimated BSE that a meeting of its Board of Directors is scheduled to be held on Thursday, 05 November 2026 at the Office of the Company.
• The notice lists the businesses to be transacted at that meeting.

Agenda item 1: financial results

• The Board will consider and approve the Un-audited Financial Results of the Company for the quarter and six months ended 30 September 2026.
• This is the regular quarterly results approval for the second quarter of the financial year.

Agenda item 2: authorisation of a director

• The Board will consider authorising Mr. Chetankumar Shaileshkumar Parekh, the Managing Director and CFO of the company, for execution of various documents and finalisation of terms as may be required in connection with the business operation of the company.
• In simple terms, this is about giving the MD and CFO the formal go-ahead to sign documents and settle terms on the company's behalf.

Agenda item 3: rights issue funds

• The Board will discuss fund utilisation for the Right issue and appropriation of funds in view of under subscription of the Right issue.
• Under subscription means the rights issue did not receive applications for the full amount of shares offered. The update states that the Board will discuss how the funds are used and how they are appropriated in that situation.

Agenda item 4: other matters

• Any other matter may be taken up with the permission of the Chair.

What a reader can take away

• The update is a notice of a scheduled Board meeting, not the outcome of one. The decisions themselves will be known only after the meeting.
• Three substantive subjects are on the table: the September quarter and half-year results, an authorisation for the MD and CFO, and the handling of rights issue funds where the issue was under subscribed.
• The rights issue point is the one that touches shareholders most directly, because it concerns how money already raised, or partly raised, is to be used and appropriated.

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