Intimation of sad demise of Chairman Emeritus Shri B K Patodia on Monday September 28, 2026 at around 2.00 PM (IST)
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GTN Textiles Ltd. has informed BSE about the sudden demise of Shri B K Patodia, Chairman Emeritus and Co-Founder of the company, on Monday, September 28, 2026, at around 2:00 PM IST. The company described his passing as an immense loss, highlighting his visionary leadership in shaping the GTN Group. As per SEBI (LODR) Regulations 2015 (Regulation 31A(6)(c)), Shri B K Patodia will cease to be part of the 'Promoter' group of the company following his demise. The communication was signed by E K Balakrishnan, Company Secretary.
This is a sentimental and governance-related event for shareholders. While there is no immediate operational impact, the loss of a co-founder and promoter figure may lead to uncertainty around the company's leadership direction and promoter shareholding structure going forward.