GTN Industries Executes ₹72 Crore Slump Sale Of Nagpur Spinning Unit

Board approved slump sale of Nagpur unit (Rs162 Cr turnover) to GTN Engineering for Rs72 Cr, w.e.f. 1 Oct 2026 by Dec 2026; redeemed 10 lakh pref shares for Rs10 Cr. Related-party sale to promoter-group GTN Engineering to stem losses from weak demand and volatile cotton prices, matching recorded cotton exposure; first turnover scale disclosed. Cuts turnover sharply but seen shoring net worth and profit by removing drag; price at 0.44x sales to related party with valuation, approvals and use of proceeds undisclosed.