BSECompany Update6d ago · 14 Oct 2026, 12:51 pm
Change of Compliance Officer- Commencement of CIRP
Gangotri Textiles Ltd · 521176
✦ AI Summary▼ NegativeInsolvency
Gangotri Textiles Ltd has filed an insolvency petition under the Insolvency & Bankruptcy Code and the National Company Law Tribunal has admitted the petition, appointing an interim resolution professional to oversee the corporate insolvency resolution process. The company's board of directors' powers are suspended, and a new compliance officer has been appointed.
Analysis Scores
Earnings Impact1/10
Growth Catalyst1/10
Governance Concern5/10
Regulatory Risk8/10
Balance Sheet Risk6/10
Liquidity Impact2/10
Market Sentiment1/10
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Full Announcement
Gangotri Textiles Ltd - 521176 - Announcement under Regulation 30 (LODR)-Change in Management
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m Coimbatore - 641002 Phone: 0422-4332100.
REGOFF: 2S-A, Venkatachalam Co-op. Colony, R.5.Pura, O. L17115TZ1989PLC002491 CSTNO905131 Dt.28.10.92
GSTNO: 33AAACG8018MIZK PAN No :AAACG8018M CIN N .
REF/ GTLI STO.EXC/ 2026 14-10-2026
M/S..Bombay Stock Exchange Limited
Department of Corporate Services
Phiroze Jeejeebhoy Towers,
Dalal Street, Scrip Code No: 521176
Mumbai - 400001.
Dear Sirs
Sub: Commencement of Corporate Insolvency Process ( CIRP) - Change of
Compliance Officer -Intimation under Regulation 30' of SEBI LODR Regulation,2015
We inform you that the Company had filed Insolvency Petition in CPI IIBC) 310/CHE/2025
seeking intiation of Corporate Insolvency Resolution Process under Section 10 of the
Insolvency & Bankruptcy Code before the Honble National Company Law Tribunal , at
Chennai.
The Hon'ble National Company Law Tribunal , Chennai has vide its Order dated 7-8-2026
allowed and admitted the said Petition filed by the Company and appointed
Mr.G.Gunasekaran, having Regn No IBBIIIPA-001I1P-P00681/2017/2018/11178 as Interim
Resolution Professional (IRP) and he shall take forward the process of Corporate
Insolvency Resolution of the Company . The Order copy of the Hon'ble National Company
Law Tribunal is enclosed herewith.
In terms of the said Order, the powers of the Board of Directors and the Committees of the
company shall stand suspended with effect from the date of the Order ie on 7-8-2026,
Consequently, Sri.G.Gunasekaran will act as the Compliance Officer instead of the present
Compliance Officer, Sri. Manoj Kumar Tibrewal . Sri. G.Gunasekaran will sign as the
Compliance Officer for and on behalf of the Company hereafter, which may plese be noted in
your records.
Regards
For GANGOTRI TEXTILES LIMITED
AUTHORISED SIGNATORY