<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
Awaiting price reaction for this filing.
Gangotri Textiles has filed its initial disclosure to BSE under SEBI's Large Corporate framework for the financial year ending 31 March 2025. The company reported outstanding borrowings of Rs 240.47 crores as on that date. However, it has confirmed that it does not qualify as a Large Corporate, stating it has been non-operational since lenders sold off its entire assets during 2015-16. Credit rating is shown as not applicable, and the company remains listed on NSE, BSE, and Calcutta Stock Exchange.
This is a routine compliance filing and not a new business event. Shareholders should note that despite the Rs 240+ crore outstanding borrowings, the company has been non-operational for nearly a decade, meaning there is no active business driving any meaningful change in the stock.