Gokaldas Exports Limited has informed the Exchange regarding a press release dated August 09, 2025, titled "Press release".
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Gokaldas Exports' board has approved the amalgamation of BRFL Textiles Pvt. Ltd (BTPL) with the company at a meeting held on August 9, 2025. The move aims to create a vertically integrated business by bringing fabric manufacturing into the company's fold, strengthening its supply chain. BTPL reported total assets of Rs. 877.13 crore, a net worth of Rs. 147.57 crore, and a turnover of Rs. 371.42 crore for FY25. BTPL shareholders will have two options — receive 40 GEX shares of Rs. 5 each for every 3,581 BTPL shares held, or alternatively 30 GEX shares plus Rs. 8,952.50 in cash for the same lot. The total acquisition cost, including the 19% equity already acquired, will be Rs. 552 crores. The scheme is subject to regulatory and shareholder approvals.
The amalgamation could boost operational and financial efficiencies by integrating fabric manufacturing, but it is also a significant capital outlay of Rs. 552 crore. Shareholders may view the move positively if synergies materialize, though dilution and approval risks remain.