Gloster Limited has informed the Exchange regarding Board meeting held on December 31, 2025.
GLOSTERLTD · price
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Gloster Limited's board, at its meeting on December 31, 2025, approved investing in / subscribing to 49% equity of a proposed Special Purpose Vehicle (SPV) to be incorporated for cost-efficient manufacturing and supply of high-quality jute gunny bags. The total investment is approximately Rs. 5 crore, to be deployed in one or more tranches, with the first tranche tentatively by March 31, 2026. The acquisition is not a related party transaction, but the SPV will become an associate company of Gloster after the investment. No governmental or regulatory approvals are required, and consideration will be in cash.
This is a small, strategic forward-integration move into jute gunny bag manufacturing, aligned with Gloster's core jute business. The Rs. 5 crore size is modest relative to the company and unlikely to materially move the stock, but it signals management's intent to expand in the jute value chain.