Gokaldas Exports Limited (GOKEX) announced audited financial results for the quarter and year ended March 31, 2025.
Revenue from operations for the year stood at ₹38,642.396 lakhs compared to ₹23,788.847 lakhs in the previous year.
Net profit for the year is ₹15,854.09 lakhs, compared to ₹13,097.20 lakhs last year.
The company has subscribed to multiple tranches aggregating to 17,50,000 Optionally Convertible Debentures (OCDs) of BRFL Textiles Private Limited (BTPL) for ₹17,500 lakhs.
Gokaldas Exports has provided corporate guarantees to financial institutions on behalf of BTPL amounting to ₹100 crore as at December 31, 2024, which increased to ₹275 crore as at March 31, 2025, for securing loans availed by BTPL.
Subsequent to the year end, in April 2025, the Company completed the acquisition of 9,37,69,382 Equity shares and 1,57,89,474 Non-Cumulative Compulsorily Convertible Preference Shares of BTPL for ₹5,567.10 Lakhs, constituting 13.30% shareholding of BTPL on a fully diluted basis.
The company raised money via Qualified Institutional Placement (QIP) and allotted 77,41,935 equity shares at ₹775 per share, aggregating to ₹60,000 lakhs. 100% of the QIP proceeds have been utilized for the intended purpose.