Gokaldas Exports Limited has informed the Exchange regarding Board meeting held on August 09, 2025.
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The Board of Gokaldas Exports has approved a draft Scheme of Amalgamation to merge BRFL Textiles Private Limited into the company, subject to statutory and regulatory approvals. BRFL Textiles is a fabric manufacturer (turnover INR 371.42 Cr, total assets INR 877.13 Cr) and Gokaldas is a garment maker (turnover INR 2,476.70 Cr, total assets INR 2,763.37 Cr). The merger aims to create a vertically integrated business by bringing fabric manufacturing in-house, improving margins, and optimising supply chain. Shareholders of BRFL Textiles can opt for either 40 equity shares of Gokaldas (INR 5 each) for every 3,581 BRFL shares, or 30 Gokaldas shares plus INR 8,952.50 cash for every 3,581 BRFL shares. The transaction is not a related party deal and is being done at arm's length, with minor promoter dilution from 9.16% to around 8.5%–8.7% post-merger.
For Gokaldas shareholders, the deal is a strategic backward integration move that should secure fabric supply and potentially lift operating margins, with only minimal equity dilution (less than 1% change in promoter stake). The merger is subject to NCLT, BSE, NSE and shareholder/creditor approvals, so it will take time to conclude and the stock may react to progress at each approval stage.