A meeting of the Board of Directors of Gujarat Cotex Limited was held on 01/09/2026, commencing at 06:00 PM and concluding at 07:00 PM.

Key Decisions and Approvals:

1. Business Restructuring

  • The Board approved the establishment of three business divisions:
  • Prabhat Hospitality: For existing and future hotel and related projects
  • Prabhat Infratech: For existing and future real estate activities
  • Prabhat Oils: For edible oil business

2. Mumbai Office Location

  • The company is in the process of identifying a location for its Mumbai office
  • Necessary activities will be undertaken after finalization of the Mumbai office location

3. Annual General Meeting

  • Approved the Board's Report for the year ended 31/03/2026
  • Approved the Notice of Annual General Meeting to be held on Monday, 28th September 2026 at 09:30 A.M.
  • Venue: Hotel Soubhagya Inn, Plot No. 176/3/7, Silvassa - Vapi Main Road, Amli, Silvassa 396230
  • Finalized the Book Closure Period, Cut-off date for Annual General Meeting, and e-voting Period

4. Director Appointments

  • Ms. Parul Rajesh Manubarwala (DIN: 11896490): Appointment as additional director under Independent category approved
  • Date of Appointment: 01/09/2026
  • Term: Till ensuing Annual General Meeting and then five years subject to shareholder approval
  • Profile: Graduate with approximately 25 years experience in Finance and Taxation
  • Disclosure of Relationship: Nil
  • Ms. Vidya Pramod Patil (DIN: 09287709): Re-appointment as Independent director approved, subject to shareholder approval
  • Date of Appointment: 28/09/2026 (proposed)
  • Term: Five years subject to shareholder approval
  • Profile: Graduate with approximately 25 years experience in Business strategy; existing independent director whose term is expiring
  • Disclosure of Relationship: Nil

5. Auditor Appointments

  • M/s. K. Dalal & Co., Practicing Company Secretaries (FCS 3530; CP No. 38631): Appointment as Secretarial Auditor approved, subject to shareholder approval
  • Effective from: Monday, 28th September, 2026
  • Term: Five consecutive years from 2026-27 to 2030-31
  • Profile: Proprietor Mr. Kunjal Dalal has over three decades experience in Company Law, LLP Act, Securities Laws, Legal Due Diligence, Mergers and Acquisitions, Listings and Capital Market Regulations
  • Disclosure of Relationship: Not Applicable
  • Mr. Kunjal Dalal: Appointment as Scrutinizer for the ensuing Annual General Meeting approved
  • Role: To scrutinize the voting at the Annual General Meeting
  • M/s. Haresh Karvat & Co., Chartered Accountants: Appointment as Internal Auditor approved
  • Date of Appointment: 01/09/2026
  • Term: Five years from 2026-27 to 2030-31
  • Profile: Over two decades of experience in accounts, auditing, taxation, and consultancy
  • Disclosure of Relationship: Not Applicable

Corporate Office Details

Corporate Office: 2007, Shankor Plaza, Nanpura, Timliyawad, Surat-395001, Gujarat, India