GTN Industries Authorizes ₹72 Crore Nagpur Spinning Unit Slump Sale

Board approved slump sale of Nagpur spinning unit (Rs162 Cr annual turnover) to GTN Engineering for Rs72 Cr cash, effective 1 Oct 2026; redeemed 10 lakh preference shares for Rs10 Cr. First major disposal on record; related-party deal to cut losses from weak demand and volatile cotton costs, its long-standing exposure; gives first turnover scale for the unit. Turnover to fall sharply but net worth and profitability to improve as drag goes; completion by Dec 2026 in tranches; valuation basis not disclosed.