Appointment/re-appointment of Secretarial, Internal and Cost Auditor

Gokak Textiles' Board approved the appointment of Mr. Kiran B. Desai (KDSH & Associates LLP) as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. It also re-appointed T R Chadha & Co LLP as Internal Auditors and M R Dekhtawala as Cost Auditors for FY 2025-26. Along with these auditor changes, the Board approved the audited FY25 results showing a consolidated net loss of Rs. 4,273 lakhs, sharply wider than Rs. 1,943 lakhs in FY24. Statutory auditors Batliboi & Purohit gave an unmodified opinion but flagged a material going concern uncertainty, noting that net worth is fully eroded and accumulated losses stand at Rs. 28,081 lakhs. The company's textile division continues to face slowdown, while its solar power plant suffered five fire incidents and a lightning strike that damaged 25 MVA transformers, impacting 20 MW of capacity. Survival of the textile segment depends on continued operational and financial support from parent Shapoorji Pallonji (SPCPL).