Gloster News

Gloster Board Approves ₹5 Cr Investment in Jute SPV

Gloster Limited's board authorized a ₹5 crore investment for 49% stake in a new SPV for jute gunny bag manufacturing, with first tranche completion targeted by March 2026.

Gloster Limited Board Approves Modified Amalgamation Scheme with Two Wholly-Owned Subsidiaries

Gloster Limited's Board of Directors approved a modified Scheme of Amalgamation involving the merger of two wholly-owned subsidiaries - Gloster Lifestyle Limited and Gloster Specialities Limited - with the parent company. The scheme was originally approved in November 2024 and is now subject to requisite approvals under Sections 230 to 232 of the Companies Act, 2013. Gloster Limited reported a turnover of Rs. 62,668.27 lakhs for the year ended March 31, 2025, with a paid-up share capital of Rs. 10,94,32,600. Both transferor companies have a paid-up share capital of Rs. 4,00,000 each with nil turnover. The company stated the amalgamation will enable more efficient utilization of capital and assets, strengthening the foundation for future growth. No shares will be allotted in exchange as the subsidiaries are wholly-owned, and there will be no change in the shareholding pattern of the listed entity.